On Nov. 17, Kirkland's (NASDAQ:KIRK) released third-quarter earnings for the period ended Oct. 28.
- Sales increased by 6.2% to $95.8 million, but the comparable store sales decreased by 6.7%, mainly because of fewer transactions.
- During the quarter the company opened 17 stores and closed three stores. It expects to open 13 new stores and close 20 additional stores in the fourth quarter.
- Kirkland's doesn't meet our size criteria for CAPS. But that shouldn't stop you from checking out other companies in our new rating service.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$95,802 |
$90,200 |
6.2% |
|
Net Profit |
($2,933.0) |
($2,479.0) |
N/A |
|
EPS |
($0.15) |
($0.13) |
N/A |
|
Diluted Shares |
19,444 |
19,336 |
0.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
30.1% |
28.5% |
1.6 |
|
Operating Margin |
(5.3%) |
(4.5%) |
(0.7) |
|
Net Margin |
(3.1%) |
(2.8%) |
(0.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$381 |
$463 |
(17.7%) |
|
Accounts Rec. |
$0.0 |
$0.0 |
N/A |
|
Inventory |
$63,138 |
$57,811 |
9.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$33,624 |
$35,476 |
(5.2%) |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement must be stuck between some pillows or behind a print. They'll find it before the 10-Q.
Find out why Fools always follow the money.
Related Companies:
- Pier 1 (NYSE:PIR)
- Cost Plus (NASDAQ:CPWM)
- Bombay Company (NYSE:BBA)
Related Foolishness:
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