On Aug. 21, Staples
- Staples' sales were $4.3 billion, an increase of 10.6% from a year ago, as laptops flew off the shelves. However, furniture remained in place, causing North American comps to drop 2%.
- The company's international operating income rate improved significantly, helping the overall bottom line increase by 11%.
- The company continued its worldwide expansion, opening 23 stores in the U.S. and 13 elsewhere.
- Staples earns a three-star rating (out of a possible five) over at Motley Fool CAPS, as does competitor Office Depot
(NYSE:ODP) ; OfficeMax(NYSE:OMX) gets just one star. Head on over to the CAPS community and offer your own opinion.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$4,290.4 |
$3,880.7 |
10.6% |
|
Net Profit |
$178.8 |
$161.2 |
11.0% |
|
EPS |
$0.25 |
$0.22 |
13.6% |
|
Diluted Shares |
726.1 |
744.1 |
(2.4%) |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
28.2% |
28.3% |
(0.1) |
|
Operating Margin |
6.5% |
6.5% |
0.0 |
|
Net Margin |
4.2% |
4.2% |
0.0 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$857.2 |
$1,041.4 |
(17.7%) |
|
Accounts Rec. |
$790.5 |
$631.2 |
25.2% |
|
Inventory |
$2,252.3 |
$1,903.7 |
18.3% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$1,615.7 |
$1,403.6 |
15.1% |
|
Long-Term Debt |
$319.3 |
$514.6 |
(38.0%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash from Ops. |
$219.5 |
$128.6 |
70.6% |
|
Capital Expenditures |
$205.6 |
$253.7 |
(19.0%) |
|
Free Cash Flow |
$13.9 |
($125.1) |
(N/A) |
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.
At the time of publication, Fool contributor Mike Cianciolo held no position in any of the companies in this article.
