On March 21, Citi Trends
- For the full Foolish story, read our earnings take.
- Revenue increased by 30.9% to $126.8 million, primarily because of an extra week in the quarter, which added $10.1 million of sales.
- Comparable-store sales rose by 1.3% for the quarter. For 2007, the company forecasts 46-48 new stores to drive continued revenue growth. This should bode well, since the new stores will increase retail selling square footage by about 20%.
- During the fourth quarter, Tom Stoltz, CFO and senior vice president of finance, resigned from the company.
- Citi Trends is a two-star stock in Motley Fool CAPS, our free interactive stock database. Fellow clothing competitors Ross Stores
(NYSE:ROST) and TJX(NYSE:TJX) have three- and two-star ratings, respectively. The top possible rating is five stars.
(Figures in millions, except per-share data)
Income Statement HighlightsQ4 2006 | Q4 2005 | Change | |
---|---|---|---|
Sales | $126.8 | $96.8 | 30.9% |
Net Profit | $10.4 | $7.9 | 30.9% |
EPS | $0.73 | $0.55 | 32.7% |
Diluted Shares | 14.2 | 14.4 | (1.4%) |
Get back to basics with the income statement.
Margin Checkup
Q4 2006 | Q4 2005 | Change* | |
---|---|---|---|
Gross Margin | 38.4% | 38.1% | 0.3 |
Operating Margin | 11.8% | 11.9% | (0.2) |
Net Margin | 8.2% | 8.2% | 0.0 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
---|---|---|---|
Cash + ST Invest. | $77.7 | $63.5 | 22.2% |
Accounts Rec. | N/A | N/A | N/A |
Inventory | $73.4 | $54.0 | 35.8% |
Liabilities | Q4 2006 | Q4 2005 | Change |
---|---|---|---|
Accounts Payable | $66.5 | $57.7 | 15.3% |
Long-Term Debt | N/A | N/A | N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
Citi Trends must be out shopping for a new outfit, because it forgot to include a cash flow statement.Free cash flow is a Fool's best friend.
Related Foolishness:
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