On May 22, BJ's Wholesale Club
- Revenue increased by 7.6% as same-store sales rose by 2.3%, including a contribution from gasoline sales of 1.4%.
- BJ's reported net income of $13.8 million, including $0.6 million from the sale of pharmacy-related assets.
- During the quarter, the company purchased 500,000 shares of its common stock at an average cost of $33.91 per share.
- BJ's is a two-star stock (out of a possible five) in Motley Fool CAPS, while competitor Costco
(NASDAQ:COST) carries a four-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$2,058.0 |
$1,912.4 |
7.6% |
|
Net Profit* |
$13.8 |
$16.8 |
(18%) |
|
EPS |
$0.21 |
$0.25 |
(16%) |
|
Diluted Shares |
65.5 |
68.1 |
(3.8%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
9.1% |
9.6% |
(0.5) |
|
Operating Margin |
1.1% |
1.2% |
(0.1) |
|
Net Margin |
0.7% |
0.9% |
(0.2) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$84.0 |
$115.9 |
(27.5%) |
|
Accounts Rec. |
$97.4 |
$93.3 |
4.4% |
|
Inventory |
$840.3 |
$857.1 |
(2%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$556.9 |
$580.3 |
(4%) |
|
Long-Term Debt* |
$16.1 |
$10.8 |
49.1% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$59.6 |
$15.9 |
275.2% |
|
Capital Expenditures |
$32.7 |
$51.0 |
(35.8%) |
|
Free Cash Flow |
$26.8 |
($35.1) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
Costco is a Motley Fool Stock Advisor recommendation. You can find out why with a 30-day free trial of the Gardner brothers' market-beating service.
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.
