On Dec. 7, men's clothing retailer Jos. A. Bank (NASDAQ:JOSB) released its third-quarter earnings for the period ending Oct. 28.
- Sales were up 13% for the third quarter and EPS climbed 15.4%, as the net margin expanded because of lower interest expenses and a lower tax rate.
- Inventories grew more slowly than sales, and accounts receivable grew in line with sales, both signs of good working capital management.
- Eighty of 85 investors think Jos. A. Bank will outperform the S&P 500 in our new ratings service, CAPS. If you have an opinion, bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$119.5 |
$105.6 |
13.1% |
|
Net Profit |
$5.5 |
$4.7 |
17.0% |
|
EPS |
$0.30 |
$0.26 |
15.4% |
|
Diluted Shares |
18.3 |
18.1 |
1.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
60.6% |
60.1% |
0.5 |
|
Operating Margin |
7.6% |
8.1% |
(0.4) |
|
Net Margin |
4.6% |
4.4% |
0.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1.6 |
$1.5 |
6.7% |
|
Accounts Rec. |
$9.1 |
$8.0 |
13.8% |
|
Inventory |
$202.6 |
$190.6 |
6.3% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$34.3 |
$37.6 |
(9.0%) |
|
Long-Term Debt* |
$61.5 |
$83.5 |
(26.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
($27.0) |
($13.3) |
N/A |
|
Capital Expenditures |
$18.1 |
$20.3 |
(10.8%) |
|
Free Cash Flow |
($45.1) |
($33.6) |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Men's Warehouse (NYSE:MW)
- Nordstrom (NYSE:JWN)
- Federated Department Stores (NYSE:FD)
Related Foolishness:
- Jos. A. Bank: You Betcha!
- Same Story at Jos. A. Bank: Fool by Numbers
- Jos. A. Bank Is a Patient Joe
- 7 Surprising Stocks
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, David Meier did not own shares in any of the companies mentioned. Fool rules for disclosure are here.
