On Aug. 17, New York & Co.
- Overall sales rose 4%, but same-store results dropped 4%.
- Margins fell drastically, all the way down the income statement.
- Earnings were barely half the tally achieved in the prior-year quarter, while cash provided by operations decreased by 65%.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. | Q2 2006 | Q2 2005 | Change | |
---|---|---|---|---|
Sales | $267,570 | $264,858 | $254,581 | 4% |
Net Profit | -- | $6,499 | $12,250 | (46.9%) |
EPS | $0.10 | $0.11 | $0.21 | (47.6%) |
Diluted Shares | -- | 59,852 | 57,197 | 4.6% |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2006 | Q2 2005 | Change* | |
---|---|---|---|
Gross Margin | 28.54% | 32.22% | (3.68) |
Operating Margin | 4.3% | 8.54% | (4.24) |
Net Margin | 2.45% | 4.81% | (2.36) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q2 2006 | Q2 2005 | Change |
---|---|---|---|
Cash + ST Invest. | $36,888 | $57,239 | (35.6%) |
Other Current Assets | $42,205 | $40,501 | 4.2% |
Inventory | $102,526 | $100,977 | 1.5% |
Liabilities | Q2 2006 | Q2 2005 | Change |
---|---|---|---|
Accounts Payable | $68,944 | $66,572 | 3.6% |
Long-Term Debt | $28,500 | $75,000 | (62%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2006 | Q2 2005 | Change | |
---|---|---|---|
Cash From Ops. | $11,921 | $33,644 | (64.6%) |
Capital Expenditures | $38,057 | $42,772 | (11%) |
Free Cash Flow | ($26,136) | ($9,128) | N/A |
Find out why Fools always follow the money.
Related Companies:
- Gap
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(NYSE:ANN) - Coldwater Creek
(NASDAQ:CWTR)
New York& Co. is aMotley Fool Hidden Gems recommendation. Gap is a recommendation ofStock AdvisorandInside Value.
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At the time of publication, Seth Jayson had shares of New York & Co., but no positions in any other firm mentioned. Fool rules are here.