On May 21, Lowe's
- Revenues increased marginally, partially due to the woes in the housing market.
- First-quarter comparable same-store sales declined 6.3%.
- For the second quarter, same-store sales are anticipated to decline 1% to 3%.
- Lowe's is a three-star stock in Motley Fool CAPS, while competitor Home Depot
(NYSE:HD) carries a two-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$12,172 |
$11,921 |
2.1% |
|
Net Profit |
$739 |
$841 |
(12.1%) |
|
EPS |
$0.48 |
$0.53 |
(9.4%) |
|
Diluted Shares |
1,540 |
1,590 |
(3.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35.0% |
35.0% |
0.0 |
|
Operating Margin |
10.2% |
11.8% |
(1.6) |
|
Net Margin |
6.1% |
7.1% |
(1.0) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,200 |
$1,657 |
(27.6%) |
|
Accounts Rec. |
No Data |
No Data |
No Data |
|
Inventory |
$8,501 |
$7,817 |
8.8% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$5,211 |
$4,553 |
14.5% |
|
Long-Term Debt |
$4,306 |
$3,446 |
25.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$2,139 |
$2,110 |
1.4% |
|
Capital Expenditures |
$707 |
$732 |
(3.4%) |
|
Free Cash Flow |
$1,432 |
$1,378 |
3.9% |
Free cash flow is a Fool's best friend.
Related Foolishness:
Home Depot is a Motley Fool Inside Value recommendation.
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.
