On March 29, The Stride Rite Corporation
- The increase in revenues was driven by a 9% increase in the children's group, but overall the company's wholesale group fell by 1%.
- Stride Rite's CEO affirmed 2007 sales growth of 5%-8% and EPS of $1.10-$1.15.
- The company also announced that its CEO, David Chamberlain, will retire in 2007.
- Stride Rite is currently rated as a three-star stock by the Motley Fool CAPS community, lagging rival Nike
(NYSE:NKE) but on par with fellow shoemaker Kenneth Cole(NYSE:KCP) . To add your own opinion, join CAPS for free today.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$194.7 |
$183.4 |
6.1% |
|
Net Profit |
$11.1 |
$8.3 |
33.9% |
|
EPS |
$0.30 |
$0.22 |
36.4% |
|
Diluted Shares |
37.5 |
37.7 |
(0.4%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
40.8% |
39.9% |
0.9 |
|
Operating Margin |
9.6% |
7.8% |
1.8 |
|
Net Margin |
5.7% |
4.5% |
1.2 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$20.0 |
$23.2 |
(13.9%) |
|
Accounts Rec. |
$128.7 |
$121.1 |
6.3% |
|
Inventory |
$126.7 |
$115.6 |
9.6% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$98.5 |
$95.0 |
3.7% |
The balance sheet reflects the company's health.
Cash Flow Highlights
The company didn't include a cash flow statement.
Find out why free cash flow is a Fool's best friend.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
