On Jan. 24, Ethan Allen (NYSE:ETH) released its second-quarter earnings for the period ended Dec.31.
- Net sales decreased by 6.7%, because of an 11.7% decrease in sales from the company's wholesale division and 1.4% from its retail division.
- Sales from the company's comparable design centers also decreased by 8.5%.
- There's only a small following in Motley Fool CAPS for the furniture retailer; 12 of those 17 investors rate it an outperform. If you've got an opinion, bring it to CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Sales |
$257.4 |
$276.0 |
(6.7%) |
|
Net Profit |
$22.8 |
$26.2 |
(12.9%) |
|
EPS |
$0.70 |
$0.77 |
(9.1%) |
|
Diluted Shares |
32.5 |
33.8 |
(4.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
52.0% |
50.7% |
1.3 |
|
Operating Margin |
14.2% |
16.1% |
(1.9) |
|
Net Margin |
8.9% |
9.5% |
(0.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$155.6 |
$175.0 |
(11.1%) |
|
Accounts Rec. |
$15.2 |
$22.9 |
(33.5%) |
|
Inventory |
$179.6 |
$194.5 |
(7.7%) |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$23.4 |
$34.0 |
(31.2%) |
|
Long-Term Debt |
$202.8 |
$202.7 |
0.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$20.9 |
$20.5 |
2.0% |
|
Capital Expenditures |
$19.3 |
$16.3 |
18.4% |
|
Free Cash Flow |
$1.6 |
$4.2 |
(61.9%) |
Find out why Fools always follow the money.
Related Companies:
- Furniture Brands International (NYSE:FBN)
- La-Z-Boy (NYSE:LZB)
- Bassett Furniture (NASDAQ:BSET)
Related Foolishness:
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