On May 31, Tiffany
- Total sales were 15.1% higher, as the company posted double-digit gains in all markets except Japan, which continues to struggle.
- Profits at Tiffany improved 15.1% to $49.7 million in the first quarter.
- The company repurchased 520,618 shares of its common stock at an average cost of $48.01 per share.
- Tiffany is a valuable selection, getting four stars (out of a possible five) in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$620.9 |
$539.2 |
15.1% |
|
Net Profit |
$49.7 |
$43.1 |
15.1% |
|
EPS |
$0.36 |
$0.30 |
20.0% |
|
Diluted Shares |
139.7 |
144.4 |
(3.2%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
54.5% |
55.8% |
(1.3) |
|
Operating Margin |
13.1% |
13.8% |
(0.6) |
|
Net Margin |
8.0% |
8.0% |
0.0 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$127.3 |
$226.7 |
(43.9%) |
|
Accounts Rec. |
$162.0 |
$156.1 |
3.8% |
|
Inventory |
$1,295.2 |
$1,140.8 |
13.5% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$177.9 |
$210.2 |
(15.4%) |
|
Long-Term Debt |
$401.7 |
$428.5 |
(6.2%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
Guess the cash flow statement didn't fit in the little blue box.
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.
At the time of publication, Fool contributor Mike Cianciolo held no position in Tiffany.
