On May 7, Blue Nile
- For the full story on how Blue Nile is outshining analyst estimates, read our earnings take.
- Revenues increased by 34% to $67.9 million, driven by an 84% increase in net sales of jewelry priced above $25,000.
- During the quarter, total diluted shares dropped 9.3% as Blue Nile repurchased shares for $13.5 million.
- During this fiscal year, the company expects capital expenditure of $5 million in order to expand its U.S. fulfillment center and invest in a new international facility.
- Blue Nile holds a three-star rating in Motley Fool CAPS, our free interactive stock database, matching its blue-box peer Tiffany
(NYSE:TIF) . Meanwhile, our CAPS community has left Zale's(NYSE:ZLC) to tarnish with a one-star rating.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$67,910 |
$50,694 |
34.0% |
|
Net Profit |
$3,163 |
$2,355 |
34.3% |
|
EPS |
$0.19 |
$0.13 |
46.2% |
|
Diluted Shares |
16,545 |
18,236 |
(9.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
19.5% |
20.4% |
(0.9) |
|
Operating Margin |
5.4% |
5.3% |
0.2 |
|
Net Margin |
4.7% |
4.7% |
0.0 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$59,107 |
$89,602 |
(34.0%) |
|
Trade Accounts Rec. |
$926 |
$613 |
51.1% |
|
Inventory |
$15,492 |
$13,681 |
13.2% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$38,200 |
$28,412 |
34.5% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($26,181) |
($19,388) |
N/A |
|
Capital Expenditures |
$193 |
$608 |
(68.3%) |
|
Free Cash Flow |
($26,374) |
($19,996) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Before the Call: Will Blue Nile Sparkle?
- The Key to Investing
- Blue Nile Sees Green
- Tiffany and Blue Nile's Clash of the Titans: A Recap
Blue Nile has been singled out by both our Hidden Gems and Rule Breakers newsletters. To find out why this company is such a gem, try a free 30-day trial of either newsletter. No bling necessary.
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 give feedback on this article, please click on the "feedback" button below.
