On Jan. 31, 2007, Furniture Brands
- A difficult selling environment continues to cause problems for the company. It used promotions and discounting to get rid of slower-moving inventory, and sales fell slightly.
- As a result, margins fell sharply across the board.
- Fourteen of 23 Motley Fool CAPS investors think the company will beat the S&P 500. What do you think? Bring your ideas to our community-intelligence database, CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$586.5 |
$593.5 |
(1.2%) |
|
Net Profit |
$2.1 |
$17.1 |
(88.0%) |
|
EPS |
$0.04 |
$0.34 |
(88.2%) |
|
Diluted Shares |
48.3 |
50.5 |
(4.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
20.0% |
23.1% |
(3.1) |
|
Operating Margin |
0.6% |
4.6% |
(4.1) |
|
Net Margin |
0.4% |
2.9% |
(2.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$26.6 |
$114.3 |
(76.8%) |
|
Accounts Rec. |
$362.6 |
$349.2 |
3.8% |
|
Inventory |
$502.1 |
$432.8 |
16.0% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$94.5 |
$101.9 |
(7.2%) |
|
Long-Term Debt |
$300.8 |
$301.6 |
(0.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($17.2) |
$35.8 |
N/A |
|
Capital Expenditures |
$5.1 |
$7.4 |
(31.1%) |
|
Free Cash Flow |
($22.3) |
$28.4 |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
Bassett Furniture
(NASDAQ:BSET) -
Ethan Allen Interiors Inc.
(NYSE:ETH) -
La-Z-Boy Inc.
(NYSE:LZB)
Related Foolishness:
- Foolish Forecast: La-Z-Boy Lags Behind
- Haverty Lounges in Style
- Foolish Forecast: Uncomfortable Furniture Brands
La-Z-Boy is a Motley Fool Income Investor recommendation. Discover more great dividend-paying stocks with a free 30-day trial.
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