On Nov. 16, Wet Seal
- Sales increased by 10.8% to $143.3 million, partially because of the opening of 10 new stores during the quarter and a 7.3% increase in same-store sales.
- Diluted EPS increased to $0.02 from a negative $0.14 during the previous year, mostly thanks to to higher net profits. But that was partially offset by a 113.2% increase in diluted shares to 101.5 million.
- For the fourth quarter, earnings are estimated to be $0.09 to $0.12 per diluted share, while total net sales are estimated to be $166 million to $169 million.
- The CAPS community seems to be divided about Wet Seal, with only 12 of 21 community members thinking that Wet Seal will beat the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Sales |
$143.3 |
$129.3 |
10.8% |
Net Profit |
$2.4 |
($6.5) |
N/A |
EPS |
$0.02 |
($0.14) |
N/A |
Diluted Shares |
101.5 |
47.6 |
113.2% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
33.59% |
30.79% |
2.80 |
Operating Margin |
1.42% |
0.21% |
1.21 |
Net Margin |
1.68% |
(4.99%) |
6.67 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$77.1 |
$70.2 |
9.8% |
Inventory |
$44.6 |
$38.1 |
17.3% |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Accounts Payable |
$26.2 |
$22.4 |
16.9% |
Long-Term Debt |
$0.0 |
$8.0 |
(100.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Wet Seal must have left its cash flow statement on the clothes rack, because it was missing from the press release.
Find out why Fools always follow the money.
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