Editor's note: The prior version of this article incorrectly stated that Chico's sales decreased. We apologize for the error.
On Nov 28, Chico's FAS (NYSE:CHS) released third-quarter earnings for the period ended Oct 28.
- Sales increased by 12.5% to $403.6 million, as comparable store sales for the company-owned stores dipped by 1.2%.
- Net income fell by 20.8% to $42.1 million, because of increased general, administrative, and store operating expenses, plus promotional pricing.
- Of the 438 investors who have rated Chico's in our new rating service, CAPS, 431 think it will outperform the S&P 500. Let us know what you think by bringing your opinion to CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$403.6 |
$358.7 |
12.5% |
|
Net Profit |
$42.1 |
$53.2 |
(20.8%) |
|
EPS |
$0.24 |
$0.29 |
(17.2%) |
|
Diluted Shares |
176.2 |
182.6 |
(3.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
59.7% |
62.8% |
(3.2) |
|
Operating Margin |
15.9% |
23% |
(7.1) |
|
Net Margin |
10.4% |
14.8% |
(4.4) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$253.9 |
$400.3 |
(36.6%) |
|
Accounts Rec. |
$19.3 |
$9.6 |
100.5% |
|
Inventory |
$137.7 |
$101.5 |
35.6% |
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Accounts Payable |
$77.5 |
$67.5 |
14.8% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$214.0 |
$215.3 |
(0.6%) |
|
Capital Expenditures |
$165.1 |
$87.1 |
89.5% |
|
Free Cash Flow |
$48.9 |
$128.2 |
(61.9%) |
Find out why Fools always follow the money.
Related Companies:
- Ross Stores (NASDAQ:ROST)
- Christopher & Banks (NYSE:CBK)
- Coldwater Creek (NASDAQ:CWTR)
Related Foolishness:
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