On Dec. 7, Movado Group
- Revenue increased by 17.3%, which included the liquidation of $12.1 million in excess discontinued inventory.
- The 22.7% increase in the domestic wholesale segment to $114.5 million was driven by higher sales in the luxury brand and licensed brand category.
- Long-term debt grew by 83.2% to $82.4 million.
- In Motley Fool CAPS, Movado has a total of 11 ratings, with 10 of those thinking that Movado will outperform the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$166.3 |
$141.7 |
17.3% |
|
Net Profit |
$21.9 |
$14.1 |
55.1% |
|
EPS |
$0.82 |
$0.54 |
51.9% |
|
Diluted Shares |
26.8 |
26.2 |
2.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
58.9% |
60.8% |
(1.9) |
|
Operating Margin |
11.9% |
13.4% |
(1.5) |
|
Net Margin |
13.2% |
10% |
3.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$79.9 |
$56.1 |
42.5% |
|
Accounts Rec. |
$159.0 |
$145.0 |
9.7% |
|
Inventory |
$207.7 |
$208.9 |
(0.6%) |
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Accounts Payable |
$35.9 |
$32.5 |
10.6% |
|
Long-Term Debt |
$82.4 |
$45.0 |
83.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($1.3) |
($27.0) |
N/A |
|
Capital Expenditures |
$12.3 |
$10.0 |
23.4% |
|
Free Cash Flow |
($13.6) |
($37.0) |
N/A |
Find out why Fools always follow the money.
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