On March 21, clothing retailer Stein Mart
- Revenue increased 7.9%. An extra week in the fourth quarter of 2006 added $19.7 million in sales and $0.04 to EPS.
- Same-store sales increased 0.9% on a 13-week comparable basis from the fourth quarter of 2006.
- Only 23 Motley Fool CAPS players have ranked Stein Mart so far, earning the company a two-star rating. Join now and tell us what you think of Stein Mart, or of similar retailers such as two-star-rated TJX Companies
(NYSE:TJX) or three-star-rated Ross Stores(NASDAQ:ROST) .
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$461.0 |
$427.4 |
7.9% |
|
Net Profit |
$21.1 |
$21.1 |
0.1% |
|
EPS |
$0.48 |
$0.48 |
0% |
|
Diluted Shares |
43.8 |
44.3 |
(1.1%) |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
29.4% |
29.3% |
0.1 |
|
Operating Margin |
7.3% |
7.4% |
(0.1) |
|
Net Margin |
4.6% |
4.9% |
(0.4) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$28.4 |
$125.1 |
(77.3%) |
|
Accounts Rec. |
$10.2 |
$11.1 |
(8.1%) |
|
Inventory |
$290.9 |
$265.8 |
9.5% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$83.2 |
$88.4 |
(5.8%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$30.3 |
$76.4 |
(60.3%) |
|
Capital Expenditures |
$48.8 |
$34.8 |
40.1% |
|
Free Cash Flow |
($18.4) |
$41.6 |
N/A |
Free cash flow is a Fool's best friend.
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