On Wednesday, Feb. 21, Tween Brands
- Total sales grew 16%, and same-store sales increased 2%. This consisted of flat comps at the Limited Too stores and an impressive 21% increase at the Justice stores. An additional week during the most recent quarter accounted for $11.6 million of the total sales increase.
- Diluted earnings grew 7.5% and included a $0.03 charge related to an executive officer leaving the company.
- Management is projecting fiscal 2007 diluted earnings of $2.15-$2.25 per share for growth of nearly 13%. It's also calling for first-quarter earnings of $0.34-$0.37, slightly below what analysts were expecting.
- Tween Brands is a two-star stock in CAPS, our interactive stock database.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$272,264 |
$235,069 |
15.8% |
|
Net Profit |
$28,215 |
$27,072 |
4.2% |
|
EPS |
$0.86 |
$0.80 |
7.5% |
|
Diluted Shares |
32,781 |
33,783 |
(3.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
38.53% |
40.63% |
(2.10) |
|
Operating Margin |
15.25% |
17.86% |
(2.61) |
|
Net Margin |
10.36% |
11.52% |
(1.16) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$147,558 |
$185,699 |
(20.5%) |
|
Accounts Rec. |
$13,878 |
$8,040 |
72.6% |
|
Inventory |
$91,742 |
$66,033 |
38.9% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$37,150 |
$30,223 |
22.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Capital Expenditures |
$15,900 |
$9,600 |
65.6% |
Tween Brands must be off shopping, because they forgot to include a cash flow statement. Fools will have to wait until the company files its 10-K with the SEC for juicy operating cash flow details.
Find out why Fools always follow the money.
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Related Foolishness:
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
