On Dec. 12, consumer-electronics behemoth and Stock Advisor selection Best Buy
- Sales were up 15.5% for the quarter, with same-store sales rising 4.8%. That's the good news.
- Margins were down across the board, causing the company to miss its expectations. That's the bad news.
- In our new community-intelligence service, Motley Fool CAPS, 570 out of 621 investors think Best Buy will outperform the S&P 500. What do you think? Sign up today, and let your voice be heard.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$8,473.0 |
$7,335.0 |
15.5% |
|
Net Profit |
$150.0 |
$138.0 |
8.7% |
|
EPS |
$0.31 |
$0.28 |
10.7% |
|
Diluted Shares |
495.8 |
507.2 |
(2.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
23.5% |
24.4% |
(0.9) |
|
Operating Margin |
2.3% |
2.6% |
(0.3) |
|
Net Margin |
1.8% |
1.9% |
(0.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,715.0 |
$3,097.0 |
(12.3%) |
|
Accounts Rec. |
$1,112.0 |
$883.0 |
25.9% |
|
Inventory |
$6,084.0 |
$5,314.0 |
14.5% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$6,332.0 |
$5,325.0 |
18.9% |
|
Long-Term Debt* |
$650.0 |
$571.0 |
13.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
A press release without a cash flow statement is like a stereo without speakers.
Find out why Fools always follow the money.
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Related Foolishness:
- Best Buy Plays Santa's Helper
- Best Buy's Plastic Surgery
- Good, Better, Best Buy
- Best Buy Goes Eponymous: Fool by Numbers
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.
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At the time of publication, David Meier did not own shares in any of the companies mentioned. Fool rules for disclosure are here.
