On Nov. 14, Target (NYSE:TGT) released third-quarter earnings for the period ended Oct. 28.
- Net sales grew by 11.2%, including a 4.6% increase in comparable store sales, which is down from 5.9% comps year over year.
- Target increased the number of stores by 94, for a total of 1,494 stores across the nation. Of these 94 stores, 75 were merchandise stores and 19 were SuperTarget stores.
- Target currently has a four-star ranking in Motley Fool CAPS, with 372 ratings. In those ratings, 353 community members think Target hits the bull's-eye, including all 86 All-Stars that rated Target.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Sales |
$13,570.0 |
$12,206.0 |
11.2% |
|
Net Profit |
$506.0 |
$435.0 |
16.3% |
|
EPS |
$0.59 |
$0.49 |
20.4% |
|
Diluted Shares |
864.4 |
887.0 |
(2.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
34.5% |
34.2% |
0.3 |
|
Operating Margin |
7.1% |
6.8% |
0.3 |
|
Net Margin |
3.7% |
3.6% |
0.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$451.0 |
$503.0 |
(10.3%) |
|
Accounts Rec. |
$5,634.0 |
$5,127.0 |
9.9% |
|
Inventory |
$7,797.0 |
$7,488.0 |
4.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$7,086.0 |
$6,966.0 |
1.7% |
|
Long-Term Debt |
$9,123.0 |
$9,143.0 |
(0.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$1,704.0 |
$1,820.0 |
(6.4%) |
|
Capital Expenditures |
$3,004.0 |
$2,657.0 |
13.1% |
|
Free Cash Flow |
($1,300.0) |
($837.0) |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Costco (NASDAQ:COST)
- Wal-Mart (NYSE:WMT)
- BJ's Warehouse (NYSE:BJ)
Related Foolishness:
Wal-Mart is a Motley Fool Inside Value recommendation. Costco is a Motley Fool Stock Advisor pick.
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