On Feb. 7, Sleep Number bed manufacturer Select Comfort
- Net revenue increased 5.6%, thanks to 17 new company-owned stores, but it was offset by a 9% decline in same-store sales.
- The operating margin shrunk 500 bps, mainly because of an asset impairment charge of $4.2 million and stock-option expenses of $1.7 million.
- For 2007, the company expects revenue between $900 million and $925 million and diluted EPS between $1.02 and $1.09 per share.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$198.0 |
$187.5 |
5.6% |
Net Profit |
$10.8 |
$15.8 |
(31.9%) |
EPS |
$0.20 |
$0.28 |
(28.6%) |
Diluted Shares |
54.2 |
56.0 |
(3.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
60.9% |
60.2% |
0.7 |
Operating Margin |
8.1% |
13.1% |
(5.0) |
Net Margin |
5.4% |
8.4% |
(3.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$46.6 |
$68.0 |
(31.5%) |
Accounts Rec. |
$12.2 |
$6.2 |
95.1% |
Inventory |
$24.1 |
$22.0 |
9.7% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$46.1 |
$42.7 |
8.0% |
Long-Term Debt |
$0 |
$0 |
n/a |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$59.4 |
$87.5 |
(32.1%) |
Capital Expenditures |
$31.1 |
$25.8 |
20.3% |
Free Cash Flow |
$28.3 |
$61.7 |
(54.1%) |
Find out why Fools always follow the money.
Related Companies:
-
Tempur-Pedic
(NYSE:TPX) -
Sealy
(NYSE:ZZ) -
Ethan Allen
(NYSE:ETH)
Related Foolishness:
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