On Dec. 12, Dollar General
- Sales rose 7.6% for the quarter, and seasonal merchandise experienced the fastest growth.
- The company took a charge for "packaway inventory" -- unsold inventory that gets packed away instead of being marked down and sold -- and inventory adjustments associated with closing stores. As a result, margins took a big hit.
- Fifty-four of 65 investors rate Dollar General an outperform in our new community-intelligence ratings service, Motley Fool CAPS. If you've got an opinion, we want to hear it. So bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$2,213.4 |
$2,057.9 |
7.6% |
|
Net Profit |
($5.3) |
$64.4 |
N/A |
|
EPS |
($0.02) |
$0.20 |
N/A |
|
Diluted Shares |
312.0 |
321.4 |
(2.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
23.8% |
28.1% |
(4.4) |
|
Operating Margin |
0.2% |
4.9% |
(4.8) |
|
Net Margin |
(0.2%) |
3.1% |
(3.4) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$120.3 |
$94.2 |
27.7% |
|
Accounts Rec. |
$0.0 |
$0.0 |
N/A |
|
Inventory |
$1,676.1 |
$1,574.6 |
6.4% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$517.4 |
$521.1 |
(0.7%) |
|
Long-Term Obligations |
$495.3 |
$344.4 |
43.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$19.8 |
$234.7 |
(91.6%) |
|
Capital Expenditures |
$221.0 |
$216.8 |
1.9% |
|
Free Cash Flow |
($201.2) |
$17.9 |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
Family Dollar
(NYSE:FDO) -
Dollar Tree
(NASDAQ:DLTR) -
99 Cents Only
(NYSE:NDN)
Related Foolishness:
- Retail Preview: Big Boxes and Bargain Bucks
- Dollar General's Third and Long
- A Full-Priced Dollar
- Will Dollar General Show Investors the Money?
Family Dollar is a Motley Fool Stock Advisor recommendation. Dollar Tree is a Motley Fool Inside Value pick. Try out either service free for 30 days.
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.
