On Feb. 22, Dollar Tree
- Net profit fell 3.5% but EPS met analyst estimates.
- Operating and gross margins both took hits, as expected.
- Inventory management improvements juiced operating cash flow by 36%.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|---|
Sales |
$3,390 |
$3,394 |
$3,126 |
+8.6% |
Net Profit |
-- |
$174 |
$180 |
(3.5%) |
EPS |
$1.60 |
$1.60 |
$1.58 |
+1.3% |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2005 |
FY 2004 |
Change |
|
---|---|---|---|
Gross Margin |
34.54% |
35.59% |
(1.05%) |
Op. Margin |
8.35% |
9.39% |
(1.05%) |
Net Margin |
5.12% |
5.77% |
(0.64%) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Cash + ST Invest. |
$340 |
$318 |
+6.9% |
Inventory |
$577 |
$615 |
(6.3%) |
Accounts Rec. |
No Data |
No Data |
No Data |
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Long-Term Debt |
$250 |
$250 |
0.0% |
Accounts Pay. |
$136 |
$124 |
+9.1% |
Inventories at work.
Cash Flow Highlights
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|
Cash From Ops. |
$377 |
$276 |
+36.3% |
Capital Expend. |
$139 |
$182 |
(23.4%) |
Free Cash Flow |
$238 |
$95 |
+150.8% |
Related Companies:
-
99 Cents Only
(NYSE:NDN) -
Dollar General
(NYSE:DG) -
Family Dollar
(NYSE:FDO) -
Target
(NYSE:TGT) -
Wal-Mart
(NYSE:WMT)
Related Foolishness:
- Dollar Tree's Q4 Margins Chopped: Fool by Numbers
- New Targets for Target
- Family Dollar Looks Healthier
- Wal-Mart Rolls On
Dollar Tree is a Motley Fool Inside Value pick. Family Dollar is a Motley Fool Stock Advisor selection.
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.
At the time of publication, Fool analyst Andy Cross did not own shares in any company mentioned. Fool rules are here.