On Jan. 31, ubiquitous coffee purveyor Starbucks
- Company-operated retail revenues rose 23% to $2.3 billion, primarily because of the opening of 1,177 new stores in the past 12 months.
- Comparable-store sales also grew 6% during the quarter.
- Net profit increased by 17.7% because of higher sales, which were partially offset by rising operating expenses.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$2,355.7 |
$1,934.1 |
21.8% |
Net Profit |
$205.0 |
$174.2 |
17.7% |
EPS |
$0.26 |
$0.22 |
18.2% |
Diluted Shares |
782.8 |
792.9 |
(1.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
58.2% |
59.8% |
(1.6) |
Operating Margin |
13.6% |
14.5% |
(0.9) |
Net Margin |
8.7% |
9.0% |
(0.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$436.5 |
$538.5 |
(19.0%) |
Accounts Rec. |
$227.8 |
$197.8 |
15.2% |
Inventory |
$547.3 |
$452.7 |
20.9% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$275.7 |
$208.6 |
32.2% |
Long-Term Debt |
$1.7 |
$2.7 |
(34.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2007 |
YTD 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$569.1 |
$608.9 |
(6.5%) |
Capital Expenditures |
$161.3 |
$147.3 |
9.5% |
Free Cash Flow |
$407.9 |
$461.5 |
(11.6%) |
Find out why Fools always follow the money.
Related Companies:
-
Caribou Coffee
(NASDAQ:CBOU) -
Diedrich Coffee
(NASDAQ:DDRX) -
Green Mountain Coffee
(NASDAQ:GMCR) -
Peet's Coffee
(NASDAQ:PEET) -
Tim Hortons
(NYSE:THI)
Related Foolishness:
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