On Feb. 22, Motley Fool Hidden Gems recommendation Cabela's
- The company's top line increased by 15.6%, backed by strong performance across all its business segments.
- Operating margin improved by 110 basis points, because of better store merchandising and increased efficiency from the installation of a new warehouse management system.
- Earnings per share improved by 25% to $0.80, primarily led by a rise in net profit, which was slightly offset by a 1.3% rise in diluted share count.
- Despite competition from Bass Pro Shops, Gander Mountain
(NASDAQ:GMTN) , and Dick's Sporting Goods(NYSE:DKS) , Cabela's performed well -- and Motley Fool CAPS investors welcome the good news.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$781.0 |
$675.4 |
15.6% |
|
Net Profit |
$53.4 |
$42.5 |
25.5% |
|
EPS |
$0.80 |
$0.64 |
25.0% |
|
Diluted Shares |
66,968.3 |
66,098.9 |
1.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.4% |
42.7% |
0.7 |
|
Operating Margin |
11.3% |
10.2% |
1.1 |
|
Net Margin |
6.8% |
6.3% |
0.5 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$172.9 |
$86.9 |
98.9% |
|
Accounts Rec. |
$43.7 |
$35.3 |
23.6% |
|
Inventory |
$484.4 |
$396.6 |
22.1% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$239.3 |
$162.3 |
47.4% |
|
Long-Term Liabilities |
$398.5 |
$178.0 |
124% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Perhaps the cash flow statement got lost in the aquarium. Management will fish it out in time for the 10-K.
Find out why Fools always follow the money.
Related Foolishness:
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