On May 31, Movado Group (NYSE:MOV) released earnings for the first quarter ended April 30.

  • Net sales increased 3.7%, with a 2.6% increase in wholesale segment sales and an 8.8% increase in the retail segment.
  • Same-store sales decreased by 1.5%.
  • For the full year, the diluted earnings per share are projected to be about $1.72, based on an estimated 25% tax rate.
  • Movado is rated four stars by the Motley Fool CAPS community, on par with competitor Tiffany (NYSE:TIF), and one star more than Kenneth Cole (NYSE:KCP). To see what all the fuss is about, join CAPS for free today.

(Figures in millions, except per-share data.)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$101.4

$97.7

3.7%

Net Profit

$2.4

$2.9

(15.9%)

EPS

$0.09

$0.11

(18.2%)

Diluted Shares

27.2

26.4

3.0%

Get back to basics with the income statement.

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

60.8%

61.0%

(0.2)

Operating Margin

2.7%

3.5%

(0.8)

Net Margin

2.4%

2.9%

(0.6)

*Expressed in percentage points

Margins are the earnings engine.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$101.8

$82.6

23.3%

Accounts Rec.

$105.8

$116.5

(9.2%)

Inventory

$212.1

$213.8

(0.8%)

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$26.3

$26.9

(2.4%)

Long-Term Debt

$71.5

$97.3

(26.6%)

The balance sheet reflects the company's health.

Cash Flow Highlights

Free cash flow is a Fool's best friend.

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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.