On May 7, Guitar Center
- Revenues increased 13.5%, primarily as a result of new store openings, an 18.4% rise in sales at its Direct Response segment, and a 19.3% increase from its Music and Arts division.
- Earnings per share rose by 3.6%, reflecting a 9.7% rise in net profits, which were offset by a higher tax rate and a 1% increase in diluted share count.
- For the second quarter, the company expects revenues in the range of $520 million to $535 million and diluted EPS between $0.35-$0.41.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$534.5 |
$470.7 |
13.5% |
|
Net Profit |
$17.2 |
$15.7 |
9.7% |
|
EPS |
$0.57 |
$0.55 |
3.6% |
|
Diluted Shares |
30.2 |
29.9 |
1.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
28.9% |
29.0% |
(0.1) |
|
Operating Margin |
5.7% |
5.8% |
(0.1) |
|
Net Margin |
3.2% |
3.3% |
(0.1) |
Margins are the earnings engine. See how they work.
Balance Sheet HighlightsAssets | Q1 2007 | Q1 2006 | Change |
|---|---|---|---|
Cash + ST Invest. | $13.9 | $9.9 | 39.7% |
Accounts Rec. | $50.9 | $31.8 | 60.3% |
Inventory | $609.4 | $445.9 | 36.7% |
Liabilities | Q1 2007 | Q1 2006 | Change |
|---|---|---|---|
Accounts Payable | $113.0 | $89.3 | 26.5% |
Long-Term Debt | $1.1 | $100.0 | (98.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data available.
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.
