On May 23, Pittsburgh, Pa.-based retailer Dick's Sporting Goods
- Dick's showed it knows how to compete in the competitive retail market for sporting goods. Its sales soared by nearly 28%.
- Despite an insignificant 0.1% increase in comps, diluted earnings managed to increase 81%.
- The company's purchase of Golf Galaxy helped contribute to a 90% increase in overall earnings.
- Management announced plans to continue rapid expansion, opening 45 new Dick's Sporting Goods stores and 17 Golf Galaxy stores.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$823.6 |
$645.5 |
27.6% |
|
Net Profit |
$21.7 |
$11.4 |
90.1% |
|
EPS |
$0.38 |
$0.21 |
81% |
|
Diluted Shares |
57.2 |
54.6 |
4.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
29.7% |
27.5% |
2.2 |
|
Operating Margin |
4.8% |
3.3% |
1.5 |
|
Net Margin |
2.6% |
1.8% |
0.9 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$41.4 |
$31.3 |
32.1% |
|
Accounts Rec. |
$61.5 |
$38.8 |
58.5% |
|
Inventory |
$818.4 |
$649.9 |
25.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$386.4 |
$324.8 |
19% |
|
Long-Term Debt |
$339.4 |
$229.1 |
48.1% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($6.3) |
($49.4) |
N/A |
|
Capital Expenditures |
$47.3 |
$28.8 |
64.3% |
|
Free Cash Flow |
($53.6) |
($78.1) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Aggressive Growth at Dick's
- Foolish Forecast: Dick's Is an Athletic Supporter
- Wal-Mart's Reputation Precedes It
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.
