On Feb. 6, Tweeter Home Entertainment
- Revenues declined by 12%, primarily from a drop in projection television sales.
- Margins fell across the board.
- Tweeter's interest coverage ratio shrank to less than 2. It is considering the sale of its investment in Tivoli or monetization of a federal tax refund to meet its short-term capital needs.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$234.1 |
$266.0 |
(12.0%) |
|
Net Profit |
$2.3 |
$14.7 |
(84.6%) |
|
EPS |
$0.10 |
$0.59 |
(83.1%) |
|
Diluted Shares |
25.5 |
24.8 |
2.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
39.6% |
41.0% |
(1.4) |
|
Operating Margin |
1.2% |
5.8% |
(4.6) |
|
Net Margin |
1.0% |
5.5% |
(4.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2.1 |
$1.3 |
63.9% |
|
Accounts Rec. |
$36.3 |
$20.2 |
80.0% |
|
Inventory |
$112.7 |
$109.0 |
3.4% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Long-Term Debt |
$67.0 |
$50.6 |
32.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Somebody check the cables -- the company's cash flow data just isn't coming through.
Find out why Fools always follow the money.
Related Companies:
-
Guitar Center
(NASDAQ:GTRC) -
REX Stores
(NYSE:RSC) -
Best Buy
(NYSE:BBY) -
Harvey Electronics
(NASDAQ:HRVE) -
GameStop
(NYSE:GME)
Related Foolishness:
Best Buy and GameStop are Motley Fool Stock Advisor recommendations. You can find out why with a 30-day free trial to the Gardner brothers' market-beating service.
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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
