On Dec. 7, Cutter & Buck (NASDAQ:CBUK) released Q2 2006 earnings for the period ended Oct. 31.
- Net sales grew by 10.7% to $37.3 million, as each of Cutter & Buck's business units saw sales rise.
- Earnings grew by 177% to $2.5 million, and while that included two non-recurring items, they were relatively negligible and did not alter results significantly.
- Golf sales took flight to $7.7 million, a 4.6% increase over last year. Considering rounds played per player has remained relatively flat for the industry, the segment's growth showed an underlying strength.
- Cutter & Buck maintains a two-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Sales |
$37,281 |
$33,670 |
10.7% |
|
Net Profit |
$2,469 |
$890 |
177.4% |
|
EPS |
$0.23 |
$0.08 |
187.5% |
|
Diluted Shares |
10,705 |
11,290 |
(5.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
47% |
44.6% |
2.4 |
|
Operating Margin |
9.2% |
2.6% |
6.6 |
|
Net Margin |
6.6% |
2.6% |
4.0 |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$25,194 |
$40,310 |
(37.5%) |
|
Accounts Rec. |
$19,603 |
$19,511 |
0.5% |
|
Inventory |
$29,535 |
$24,984 |
18.2% |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$6,933 |
$4,202 |
65.1% |
|
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$1,590 |
$2,100 |
(24.3%) |
|
Capital Expenditures |
$877 |
$732 |
19.8% |
|
Free Cash Flow |
$713 |
$1,368 |
(47.9%) |
Find out why Fools always follow the money.
Related Companies:
- Ashworth (NASDAQ:ASHW)
- Callaway Golf (NYSE:ELY)
- Nike (NYSE:NKE)
- Phillips-Van Heusen (NYSE:PVH)
- Polo Ralph Lauren (NYSE:RL)
Related Foolishness:
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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 Rich Duprey had no positions in any of the stocks mentioned. Fool rules are here.
