On May 21, Hastings Entertainment
- Sales declined by 2.6% to $128 million. Overall same-store sales fell 3.9%. A 3.2% drop from lower merchandise sales, coupled with a 6.9% downfall in movie rentals, just doesn't cut it.
- Fortunately, the company made profitable sales and rental revenue, improving gross margin 180 basis points.
- For fiscal 2008, Hastings estimates earnings per diluted share of $0.55 to $0.60.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$128.0 |
$131.4 |
(2.6%) |
|
Net Profit |
$2.5 |
$1.9 |
29.0% |
|
EPS |
$0.22 |
$0.17 |
29.4% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
37.3% |
35.5% |
1.8 |
|
Operating Margin |
3.7% |
2.9% |
0.9 |
|
Net Margin |
1.9% |
1.5% |
0.5 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$5.2 |
$7.0 |
(25.1%) |
|
Inventory |
$164.4 |
$160.1 |
2.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$68.2 |
$72.0 |
(5.2%) |
|
Long-Term Debt |
$46.8 |
$46.1 |
1.3% |
The balance sheet reflects the company's health.
Cash Flow Highlights
No cash flow data? That's like watching a movie without popcorn.
Free cash flow is a Fool's best friend.
Related Foolishness:
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.
