On Thursday, Nov. 30, electronics retailer Conn's
- Sales grew 0.6% to $173.7 million as same-store sales fell 3.7%. Conn's was up against tough comps because of hurricane-related rebuilding benefits in last year's quarter.
- Diluted earnings fell 16.7% and were partly attributed to loan delinquencies that increased more than management expected and also were hurricane-related.
- Management expects full-year fiscal 2007 diluted earnings of $1.55-$1.65, down from a previous range of $1.60-$1.75.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales |
$180,590 |
$173,693 |
$172,589 |
0.6% |
Net Profit |
-- |
$7,154 |
$8,855 |
(19.2%) |
EPS |
$0.31 |
$0.30 |
$0.36 |
(16.7%) |
Diluted Shares |
24,165 |
24,265 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
36.31% |
36.25% |
0.06 |
Operating Margin |
6.34% |
7.97% |
(1.63) |
Net Margin |
4.12% |
5.13% |
(1.01) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$44,127 |
$36,165 |
22% |
Accounts Rec. |
$153,674 |
$23,351 |
558.1% |
Inventory |
$77,224 |
$71,636 |
7.8% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$32,286 |
$52,931 |
(39%) |
Long-Term Debt |
$116 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$11,090 |
$51,829 |
(78.6%) |
Capital Expenditures |
$13,409 |
$14,085 |
(4.8%) |
Free Cash Flow |
($2,319) |
$37,744 |
N/A |
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.