On May 3, sporting goods retailer Big 5 Sporting Goods
- Revenue increased 4.7% as footwear, hard goods, and apparel sold well and same-store sales rose 1%.
- Gross profit margins improved 50 bps on account of higher margins from winter-related products and lower distribution center costs.
- The company anticipates opening four new stores in the second quarter and 20 new stores, net of relocations, for the fiscal year 2007.
- The company expects second-quarter same-store sales growth to be flat or in the low single digits, resulting in earnings in the range of $0.25 to $0.33.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$217.0 |
$207.2 |
4.7% |
|
Net Profit |
$7.6 |
$5.9 |
27.7% |
|
EPS |
$0.33 |
$0.26 |
26.9% |
|
Diluted Shares |
22.8 |
22.8 |
(0%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
36% |
35.4% |
0.5 |
|
Operating Margin |
6.4% |
5.6% |
0.8 |
|
Net Margin |
3.5% |
2.9% |
0.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6.8 |
$6.5 |
5.5% |
|
Accounts Rec. |
$8.9 |
$5.5 |
61.7% |
|
Inventory |
$233.5 |
$227.2 |
2.8% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$109.0 |
$101.4 |
7.5% |
|
Long-Term Debt* |
$70.5 |
$88.7 |
(20.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Don't worry, sports fans. The cash flow statement will come out with the 10-Q.
Free cash flow is a Fool's best friend.
Related Foolishness:
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