On March 22, specialty home products retailer Williams-Sonoma
- Total comparable-store sales growth decreased 0.6% from the fourth quarter of fiscal 2005.
- Internet revenues increased 17.7% to $285.5, as compared to $242.5 million in the fourth quarter of fiscal year 2005.
- The company also increased the dividend payout by 15% to $0.115 per common share and authorized an additional 5 million share buyback.
- Williams-Sonoma has earned four out of five stars in the Motley Fool CAPS community intelligence database.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,254.9 |
$1,214.4 |
3.3% |
|
Net Profit |
$121.1 |
$120.8 |
0.2% |
|
EPS |
$1.06 |
$1.02 |
3.9% |
|
Diluted Shares |
114.4 |
118.3 |
(3.3%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
43.2% |
43.6% |
(0.5) |
|
Operating Margin |
15.6% |
15.9% |
(0.3) |
|
Net Margin |
9.7% |
10.0% |
(0.3) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$275.4 |
$361.0 |
(23.7%) |
|
Accounts Rec. |
$48.8 |
$51.0 |
(4.3%) |
|
Inventory |
$610.6 |
$520.3 |
17.4% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$214.8 |
$196.1 |
9.5% |
|
Long-Term Debt |
$12.8 |
$14.5 |
(11.5%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$309.1 |
$348.4 |
(11.3%) |
|
Capital Expenditures |
$191.0 |
$151.8 |
25.8% |
|
Free Cash Flow |
$118.1 |
$196.6 |
(39.9%) |
Free cash flow is a Fool's best friend.
Related Foolishness:
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