On Dec. 4, Retail Ventures (NYSE:RVI) released third-quarter earnings for the period ended Oct. 28, 2006.

  • DSW and Filene's Basement primarily led to a 5.6% increase in sales, and Value City sales were flat.

  • Operating and net margins fell by 10.2% and 11.9% respectively, mainly due to a change in fair value of derivative securities.

  • Same-store sales rose 2.3%, compared to 1% for the same period last year.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$787.6

$746.1

5.6%

Net Profit

($34.1)

$56.4

N/A

EPS

($0.72)

$0.92

N/A

Diluted Shares

47.1

61.5

(23.5%)

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

40.1%

38.0%

2.1

Operating Margin

(1.9%)

8.3%

(10.2)

Net Margin

(4.3%)

7.6%

(11.9)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$259.4

$78.8

229.2%

Accounts Rec.

$26.5

$48.4

(45.2%)

Inventory

$644.0

$617.9

4.2%



Q3 2006

Q3 2005

Change

Accounts Payable

$317.7

$272.7

16.5%

Long-Term Debt

$310.7

$198.7

56.4%

Learn the ways of the balance sheet.

Cash Flow Highlights
The company did not include a cash flow statement.

Find out why Fools always follow the money.

Related Companies:

  • TJX Companies (NYSE:TJX)
  • Stage Stores (NYSE:SSI)
  • Buckle (NYSE:BKE)

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