On May 24, Citi Trends
- Sales increased by 16.2% to $106.6 million, primarily driven by a 0.6% rise in comparable-store sales and new store openings.
- Higher selling, general, and administrative expenses caused the operating margin to free-fall. As a result, net profit decreased by 17% to $5.7 million.
- During the quarter, the company opened 18 new stores, taking the total store count to 295.
- Citi Trends has earned only two stars in our Motley Fool CAPS intelligence database, even though 90% of the calls are bullish. Tell us your opinion on Citi here.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$106.6 |
$91.7 |
16.2% |
|
Net Profit |
$5.7 |
$6.9 |
(17.0%) |
|
EPS |
$0.40 |
$0.49 |
(18.4%) |
|
Diluted Shares |
14.2 |
14.1 |
1.1% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
39.1% |
39.6% |
(0.5) |
|
Operating Margin |
7.8% |
11.0% |
(3.2) |
|
Net Margin |
5.4% |
7.5% |
(2.2) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$70.3 |
$60.0 |
17.1% |
|
Inventory |
$85.4 |
$58.9 |
45.0% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$63.1 |
$50.9 |
24.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Not having a cash flow statement in the earnings release isn't very fashionable.
Free cash flow is a Fool's best friend.
Related Foolishness:
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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.
