On Nov. 16, big-and-tall men's retailer Casual Male Retail Group
- Revenues were up a husky 14% to $106.9 million, as same-store sales for the quarter surged 13% year over year, helped along by the rebranding of the company's stores to Casual Male XL.
- The retailer reported a net loss of $844,000, or $0.02 per share, but included a $1.2 million charge for consolidating its Rochester Big & Tall division and a loss for its recently acquired high-end Jared M. division. Excluding the charges, and at a normalized tax rate, the company would have had a $0.01-per-share profit.
- Internet sales for Casual Male grew at a hefty 60% clip year over year.
- Casual Male carries a 4-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$106,851 |
$93,770 |
14% |
|
Net Profit |
($844) |
($2,840) |
N/A |
|
EPS |
($0.02) |
($0.08) |
N/A |
|
Diluted Shares |
34,393 |
34,350 |
0.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
44% |
41.1% |
2.9 |
|
Operating Margin |
0.1% |
(0.7%) |
0.8 |
|
Net Margin |
(0.8%) |
(3%) |
1.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7,185 |
$6,480 |
10.9% |
|
Accounts Rec. |
N/A* |
$4,480 |
N/A |
|
Inventory |
$124,176 |
$107,110 |
15.9% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$69,059 |
$38,160 |
81% |
|
Long-Term Debt |
$94,749 |
$114,870 |
(17.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement must be hung up at the tailor's. Looks like we'll have to wait for the fine threads when the 10-Q comes out.
Find out why Fools always follow the money.
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J.C. Penney
(NYSE:JCP) -
Men's Warehouse
(NYSE:MW) -
Jos. A. Bank
(NASDAQ:JOSB)
Related Foolishness:
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At the time of publication, Rich Duprey had positions in Casual Male. Fool rules are here.
