- Revenues dropped 5.1% on a 9% decrease in same-store sales.
- Net profit dropped 16.8%, while EPS decreased only 10.9% because of a big decrease in fully diluted shares.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Sales | $3,441 | $3,626 | (5.1%) |
Net Profit | $242 | $291 | (16.8%) |
EPS | $0.28 | $0.31 | (10.9%) |
Diluted Shares | 861 | 952 | (9.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2006 | Q1 2005 | Change* | |
|---|---|---|---|
Gross Margin | 40.16% | 40.84% | (0.68) |
Operating Margin | 10.84% | 12.82% | (1.98) |
Net Margin | 7.03% | 8.03% | (1.00) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $2,821 | $2,608 | 8.2% |
Other Current Assets | $570 | $502 | 13.5% |
Inventory | $1,906 | $1,917 | (0.6%) |
Liabilities | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Accounts Payable | $1,236 | $1,175 | 5.2% |
Long-Term Debt | $513 | $513 | 0.0% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $316 | $235* | 34.5% |
Capital Expenditures | $91 | $122* | (25.4%) |
Free Cash Flow | $225 | $113 | 99.1% |
Find out why Fools always follow the money.
Related Companies:
- Abercrombie & Fitch (NYSE:ANF)
- Aeropostale (NYSE:ARO)
- Ann Taylor (NYSE:ANN)
- Pacific Sunwear (NASDAQ:PSUN)
- American Eagle Outfitters (NASDAQ:AEOS)
Gap is a recommendation ofMotley Fool Inside Value. A free trial will let you see why our Foolish cheap-stock guru thinks it's worth waiting for a turnaround.
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 checkFool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication,Seth Jaysonhad shares of American Eagle but no positions in any other firm mentioned. Pacific Sunwear and Gap are bothMotley Fool Stock Advisorrecommendations. Fool rules arehere.
