On May 31, Big Lots
- Sales grew by 3.4%, with a 4.9% rise in comparable-store sales.
- Operating profit increased to $42.5 million for the first quarter, compared with $21.3 million for the same quarter last year.
- Management announced plans to repurchase up to $600 million worth of common shares.
- For fiscal 2007, the company anticipates cash flow of $190 million.
- Big Lots is a one-star stock in our Motley Fool CAPS database, even though it has beaten the market by over 90% for the past year. Come over to CAPS and tell us where you like to spend your hard-earned dollars.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$1,128.4 |
$1,091.6 |
3.4% |
|
Net Profit |
$28.8 |
$13.7 |
109.8% |
|
EPS |
$0.26 |
$0.13 |
100.0% |
|
Diluted Shares |
111.7 |
114.5 |
(2.5%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
39.6% |
40.2% |
(0.5) |
|
Operating Margin |
3.8% |
2.0% |
1.8 |
|
Net Margin |
2.6% |
1.3% |
1.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$210.1 |
$74.5 |
181.9% |
|
Inventory |
$797.5 |
$805.6 |
(1.0%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$222.3 |
$184.8 |
20.3% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Data not available. (Boooo!)
Free cash flow is a Fool's best friend.
Related Foolishness:
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