On June 6, DSW (NYSE:DSW) released annual earnings for the period ended April 29, 2006.

  • Sales increased 12.3% on a 4.2% same-store sales gain.
  • Gross, operating, and net margins all improved.
  • Based on the strong results, the company raised its guidance $0.02 per share to $1.24 to $1.27 per share for the year.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q1 2006

Q1 2005

Change

Sales

$321,620

$316,487

$281,806

12.3%

Net Profit

--

$17,519

$6,980

151.0%

EPS

$0.35

$0.40

$0.25

60.0%

Diluted Shares

44,144

27,703

59.3%



Get back to basics with a look at the income statement.

Margin Checkup

Q1 2006

Q1 2005

Change*

Gross Margin

29.48%

29.38%

0.10

Operating Margin

8.81%

5.34%

3.47

Net Margin

5.54%

2.48%

3.06

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2006

Q1 2005

Change

Cash + ST Invest.

$159,288

$13,718

1061.2%

Accounts Rec.

$4,156

$3,065

35.7%

Inventory

$225,183

$228,086

(1.3%)



Liabilities

Q1 2006

Q1 2005

Change

Accounts Payable

$100,833

$82,020

22.9%

Long-Term Debt

$0

$205,000

(100.0%)



Learn the ways of the balance sheet.

Cash Flow Highlights

Not provided by company.

Find out why Fools always follow the money.

Related Companies:

  • Federated Department Stores (NYSE:FD)
  • Payless Shoesource (NYSE:PSS)
  • JC Penney (NYSE:JCP)
  • TJX Companies (NYSE:TJX)
  • Nordstrom (NYSE:JWN)

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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,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.