On Nov. 15, Talbots
- Same-store sales rose 2.3%, made up of a 4% increase at Talbots and a 6.6% decrease at J. Jill.
- Net income declined by 59.7% to $8.1 million, thanks to the higher cost of sales, along with an increase in SG&A expenses.
- There was a major drop in free cash flow -- 61.9% to $16.2 million, mainly because of a decrease in cash from operations and the 19.9% increase in capital spending.
(Figures in million, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$568.6 |
$426.3 |
33.4% |
|
Net Profit |
$8.1 |
$20.0 |
(59.7%) |
|
EPS |
$0.15 |
$0.37 |
(59.5%) |
|
Diluted Shares |
53.7 |
53.9 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
36.9% |
38% |
(1.0) |
|
Operating Margin |
3.7% |
7.7% |
(4.0) |
|
Net Margin |
1.4% |
4.7% |
(3.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$43.0 |
$11.4 |
278.3% |
|
Accounts Rec. |
$228.9 |
$214.1 |
6.9% |
|
Inventory |
$367.9 |
$266.0 |
38.3% |
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Accounts Payable |
$117.7 |
$50.6 |
132.7% |
|
Long-Term Debt |
$409.0 |
$100.0 |
309% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$82.2 |
$97.5 |
(15.7%) |
|
Capital Expenditures |
$66.0 |
$55.1 |
19.9% |
|
Free Cash Flow |
$16.2 |
$42.4 |
(61.9%) |
Find out why Fools always follow the money.
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