On Aug. 22, Men's Wearhouse
- Total sales increased 23.6% to $569.3 million. Same-store sales inched 1.1% higher in the U.S., while Canadian comps expanded a robust 8.4%.
- Profit at Men's Wearhouse jumped 52.2% to $54.2 million in the second quarter.
- The company approved the replenishment of its share repurchase plan with an additional $90.3 million to be added to the existing $9.7 million.
- Just like last quarter, Men's Wearhouse raised its guidance for the year; this time to a range of $2.98 to $3.02 per share.
- Men's Wearhouse is currently an impressive four-star stock (out of a possible five) in Motley Fool CAPS, as is competitor Jos. A. Bank
(NASDAQ:JOSB) .
(Figures in millions, except per-share data.)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$569.3 |
$460.6 |
23.6% |
Net Profit |
$54.2 |
$35.6 |
52.2% |
EPS |
$1.00 |
$0.65 |
53.8% |
Diluted Shares |
54.4 |
54.5 |
(0.3%) |
Get back to basics with the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
48.2% |
43.2% |
5.0 |
Operating Margin |
14.5% |
12.1% |
2.5 |
Net Margin |
9.5% |
7.7% |
1.8 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$134.9 |
$249.4 |
(45.9%) |
Inventory |
$460.8 |
$429.9 |
7.2% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Long-Term Debt |
$82.0 |
$206.4 |
(60.3%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
YTD 2007 |
YTD 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$111.7 |
$22.6 |
394.7% |
Capital Expenditures |
$52.7 |
$24.8 |
112.4% |
Free Cash Flow |
$59.0 |
($2.2) |
N/A |
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 any of the companies in this article. The Fool has a disclosure policy.