On Feb. 23, Gap
- Revenues dropped 1.5%, with same-store sales down 5%.
- Net profit was down 3.2% from last year, while EPS rose 2.5%.
- Margins took a steep drop across the board.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. | FY 2005 | FY 2004 | % Change | |
---|---|---|---|---|
Sales | $16,050 | $16,023 | $16,267 | (1.5) |
Net Profit | -- | $1,113 | $1,150 | (3.2) |
EPS | $1.24 | $1.24 | $1.21 | 2.5 |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2005 | FY 2004 | Change | |
---|---|---|---|
Gross Margin | 36.63% | 39.23% | (2.60) |
Op. Margin | 10.89% | 12.82% | (1.93) |
Net Margin | 6.95% | 7.07% | (0.12) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | FY 2005 | FY 2004 | % Change |
---|---|---|---|
Cash + ST Invest. | $2,987 | $3,062 | (2.4) |
Inventory | $1,696 | $1,814 | (6.5) |
Liabilities | FY 2005 | FY 2004 | % Change |
---|---|---|---|
Long-Term Debt | $513 | $513 | 0 |
Accounts Pay. | $1,132 | $1,240 | (8.7) |
Cash Flow Highlights
FY 2005 | FY 2004 | % Change | |
---|---|---|---|
Cash From Ops. | $1,551 | $1,597 | (2.9) |
Capital Expend. | $600 | $419 | 43.2 |
Free Cash Flow | $951 | $1,178 | (19.3) |
Find out why Fools always follow the money.
Related Companies:
- Abercrombie & Fitch
(NYSE:ANF) - Aeropostale
(NYSE:ARO) - Ann Taylor
(NYSE:ANN) - Chico's FAS
(NYSE:CHS)
Related Foolishness:
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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.
At the time of publication,Seth Jaysonhad shares of Aeropostale, but no positions in any other company mentioned. Gap is also aMotley Fool Stock Advisorpick. Fool rules arehere.