On May 23, The Wet Seal
- Sales grew by 10.3% to $138 million, and comparable-store sales increased by 2.7%.
- The company opened 18 new stores during the quarter (net of closings), for a total of 448 locations.
- For Q2 2007, Wet Seal expects sales between $147 million and $152 million, with EPS in the range of $0.05 to $0.08 -- both positive developments.
- Despite its turnaround efforts, Motley Fool CAPS investors still give the company their lowest one-star rating. Aeropostale
(NYSE:ARO) and Abercrombie & Fitch(NYSE:ANF) get three stars each, while dELiA*s(NASDAQ:DLIA) gets four stars. See what Fools like you think of these stocks on our free CAPS site.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$138.0 |
$125.1 |
10.3% |
|
Net Profit |
$7.6 |
($14.0) |
N/A |
|
EPS |
$0.07 |
($0.22) |
N/A |
|
Diluted Shares |
105.2 |
63.2 |
66.6% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35% |
37.5% |
(2.5) |
|
Operating Margin |
4.8% |
3.4% |
1.4 |
|
Net Margin |
5.5% |
(11.2%) |
16.7 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$103.7 |
$87.5 |
18.6% |
|
Inventory |
$35.5 |
$32.7 |
8.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$26.9 |
$20.9 |
28.5% |
|
Long-Term Debt |
$2.9 |
$6.4 |
(54.2%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
We'll have to check back in the 10-Q to find out what's happening with Wet Seal's cash.
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.
