On March 7, Men's Wearhouse
- Total sales grew 12%. Apparel sales and tuxedo rental revenues increased 10.6% and 26.1%, respectively. These figures include an extra week of selling in this year's quarter.
- Same-store sales fell 1.5% in the U.S., but rose 9.8% in Canada.
- The operating margin improved by 200 basis points, thanks to lower advertising, payroll, and employee healthcare expenses.
- For fiscal 2007, sales are expected to increase by 5% to 7%, with projected EPS between $0.63 to $0.67.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$556.8 |
$497.0 |
12.0% |
Net Profit |
$52.3 |
$32.7 |
59.8% |
EPS |
$0.95 |
$0.60 |
58.3% |
Diluted Shares |
54.8 |
54.2 |
1.2% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
44.6% |
41.3% |
3.3 |
Operating Margin |
13.1% |
11.2% |
2.0 |
Net Margin |
9.4% |
6.6% |
2.8 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$179.7 |
$263.0 |
(31.7%) |
Inventory |
$448.6 |
$416.6 |
7.7% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Long-Term Debt |
$73.0 |
$205.3 |
(64.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
2006 |
2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$160.8 |
$154.6 |
4.0% |
Capital Expenditures |
$72.9 |
$66.5 |
9.6% |
Free Cash Flow |
$87.9 |
$88.1 |
(0.2%) |
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