On May 3, outdoor sporting goods retailer Cabela's
- Revenue increased 14%, with strong growth in the retail and financial services segments and marginal growth in the direct business. Same-store sales decreased 0.9%.
- Profits for the quarter declined 21% because of high depreciation expenses, higher interest expense, and increased pre-opening costs at one store.
- The Motley Fool Hidden Gems recommendation has a four-star rating in CAPS. Competitor Dick's Sporting Goods
(NYSE:DKS) is rated two stars and Gander Mountain(NASDAQ:GMTN) gets one star.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$462.1 |
$404.8 |
14.2% |
Net Profit |
$7.1 |
$9.1 |
(21.4%) |
EPS |
$0.11 |
$0.14 |
(21.4%) |
Diluted Shares |
67.1 |
66.4 |
1.1% |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
39.8% |
40.2% |
(0.3) |
Operating Margin |
2.7% |
3.5% |
(0.8) |
Net Margin |
1.6% |
2.2% |
(0.7) |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$52.0 |
$96.7 |
(46.2%) |
Accounts Rec. |
$36.5 |
$35.0 |
4.4% |
Inventory |
$505.3 |
$418.4 |
20.8% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$221.2 |
$122.5 |
80.5% |
Long-Term Liabilities |
$413.0 |
$393.4 |
5.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Check back when the 10-Q comes out to find out how the cash flows changed.
Free cash flow is a Fool's best friend.
Related Foolishness:
Interested in outstanding small-cap stocks flying under the market's radar? Join Tom Gardner and other investors like you on the Hidden Gems discussion boards -- available for 30 days with a free trial.
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.