On Jan. 22, 2007, Bassett Furniture
- Revenues fell by 13.7% to $76.5 million, because of challenging conditions in the retail and furniture industries.
- Declining inflows and retail-segment operating losses in the company-owned Bassett Furniture Direct stores slashed net profit by more than 80%.
- The Motley Fool CAPS community doesn't find Bassett too comfortable -- only three of 16 investors give it an outperform rating. Got an opinion? Bring it to CAPS!
(Figures in thousands, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$76,502 |
$88,649 |
(13.7%) |
Net Profit |
$359 |
$2,067 |
(82.6%) |
EPS |
$0.03 |
$0.18 |
(83.3%) |
Diluted Shares* |
12.0 |
11.5 |
4.3% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
32.0% |
33.4% |
(1.4) |
Operating Margin |
(1.3%) |
0.4% |
(1.7) |
Net Margin |
0.5% |
2.3% |
(1.9) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Surprisingly, the company did not include a balance sheet; Bassett says it's verifying the balance of its post-retirement benefits. Highlights from the press release include:
- $38 million in accounts receivable (up 2.4%)
- $49 million in inventory (flat)
- $23.5 in long-term debt (up 24%)
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
($5,125.0) |
$11,267.0 |
N/A |
Capital Expenditures |
$3,344.0 |
$4,804.0 |
(30.4%) |
Free Cash Flow |
($8,469.0) |
$6,463.0 |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
Natuzzi
(NYSE:NTZ) -
Stanley Furniture
(NASDAQ:STLY) -
Furniture Brands
(NYSE:FBN)
Related Foolishness:
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