On March 29, Movado Group
- Adjusting for some unusual items, the company's bottom line actually increased by 15%.
- Movado's same-store sales at its retail boutiques fell by 1.8%.
- Movado also announced a 33% increase in its dividend.
- Net sales for fiscal 2008 on a GAAP basis is projected to be $550 million to $560 million.
- The company expects an increase in diluted shares by 2.5% for 2008 and EPS of approximately $1.72 per share.
- Movado has a four-star rating from the Motley Fool CAPS community. Its competitor Signet
(NYSE:SIG) doesn't yet have a CAPS rating, but Tiffany(NYSE:TIF) and multiple newsletter pick Blue Nile(NASDAQ:NILE) each have a three-star rating. Join the service for free and make your opinion known!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2007 |
Q4 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$142.3 |
$126.1 |
12.8% |
|
Net Profit |
$14.0 |
$3.0 |
374.5% |
|
EPS |
$0.52 |
$0.11 |
372.7% |
|
Diluted Shares |
27.0 |
26.3 |
2.9% |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2007 |
Q4 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
61.1% |
61.3% |
(0.2) |
|
Operating Margin |
10.6% |
11.6% |
(1.0) |
|
Net Margin |
9.9% |
2.4% |
7.5 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$133.0 |
$123.6 |
7.6% |
|
Accounts Rec. |
$111.4 |
$109.9 |
1.4% |
|
Inventory |
$193.3 |
$198.6 |
(2.6%) |
|
Liabilities |
Q4 2007 |
Q4 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$32.9 |
$33.1 |
(0.7%) |
|
Long-Term Debt |
$75.2 |
$105.0 |
(28.4%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
No cash flow to watch this time.
Free cash flow is a Fool's best friend.
Related Foolishness:
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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.
