After the market close on December 20, national retail chain Bed Bath & Beyond
- Sales grew 11.8% to $1.6 billion as same-store sales advanced 4.6%.
- Total diluted earnings grew 11.1% but came in below analyst projections.
- Inventory growth outpaced sales expansion, growing 15.1% and accounting for the bulk of decreased free cash flow as compared to last year's third quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Sales |
$1,619,240 |
$1,448,680 |
11.8% |
Net Profit |
$142,436 |
$134,620 |
5.8% |
EPS |
$0.50 |
$0.45 |
11.1% |
Diluted Shares |
285,664 |
301,075 |
(5.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
43.5% |
42.5% |
1.00 |
Operating Margin |
13% |
14.2% |
(1.2) |
Net Margin |
8.8% |
9.3% |
(0.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$817,554 |
$941,032 |
(13.1%) |
Inventory |
$1,639,355 |
$1,424,730 |
15.1% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$668,727 |
$602,421 |
11% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$217,715 |
$312,408 |
(30.3%) |
Capital Expenditures |
$235,187 |
$167,224 |
40.7 |
Free Cash Flow |
($17,472) |
$145,184 |
N/A |
Find out why Fools always follow the money.
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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.
Bed Bath & Beyond is both a Stock Advisor and an Inside Value recommendation.
Fool contributor Ryan Fuhrmann is long shares of Bed Bath but has no financial interest in any other company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.