On June 11, Jos. A. Bank
- An increase in store productivity -- particularly from leveraging some operating costs -- improved margins across the board and resulted in a 40% increase in earnings per share.
- Strong sales in the innovative Stays Cool Collection and the 3.8% rise in comps from increased traffic helped boost sales 14%.
- The balance sheet looks a bit trendier now that it boasts more than $26 million in cash and virtually no debt.
- Bring your comments on Jos. A. Bank to the Motley Fool CAPS community, where 90% of those rating the company predict it will outperform the S&P 500.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$129.5 |
$113.7 |
14.0% |
|
Net Profit |
$8.4 |
$5.9 |
42.6% |
|
EPS |
$0.45 |
$0.32 |
40.6% |
|
Diluted Shares |
18.4 |
18.3 |
0.2% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
62.6% |
61.4% |
1.2 |
|
Operating Margin |
10.7% |
9.2% |
1.5 |
|
Net Margin |
6.5% |
5.2% |
1.3 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$26.5 |
$0.9 |
3,007.3% |
|
Accounts Rec. |
$7.2 |
$7.9 |
(8.4%) |
|
Inventory |
$180.3 |
$184.0 |
(2.0%) |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$30.5 |
$35.2 |
(13.3%) |
|
Long-Term Debt |
$0.4 |
$17.4* |
(97.6%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash from Ops |
($10.2) |
($25.3) |
N/A |
|
Capital Expenditures |
$7.3 |
$5.9 |
23.6% |
|
Free Cash Flow |
($17.6) |
($31.3) |
N/A |
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.
At the time of publication, Fool contributor Mike Cianciolo held no position in Jos. A. Bank.
