On April 4, Retail Ventures
- Quarterly sales rose 6.5% due to strength at DSW
(NYSE:DSW) and Filene's Basement, offset by a decline at Value City. Overall same-store sales decreased 2.8%. - The gross margin increased 190 basis points but the operating margin and net margin decreased due to a decline in the value of derivatives.
- Retail Ventures has announced that it's exploring strategic alternatives for its Value City Department Stores operations, including a possible sale of the division.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$874.0 |
$820.5 |
6.5% |
|
Net Profit |
($35.9) |
($71.1) |
N/A |
|
EPS |
($0.76) |
($1.79) |
N/A |
|
Diluted Shares |
47.2 |
39.7 |
19.1% |
Get back to basics with the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
38.2% |
36.3% |
1.9 |
|
Operating Margin |
(3%) |
(6.1%) |
3.1 |
|
Net Margin |
(4.1%) |
(8.7%) |
4.6 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$258.9 |
$138.7 |
86.6% |
|
Accounts Rec. |
$20.6 |
$19.7 |
4.4% |
|
Inventory |
$545.6 |
$491.9 |
10.9% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$217.3 |
$226.3 |
(4%) |
|
Long-Term Debt* |
$328.6 |
$166.0 |
98% |
The balance sheet reflects the company's health.
Cash Flow Highlights
The company did not include a cash flow statement in its release. Look for it in the 10-K.
Free cash flow is a Fool's best friend.
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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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
