On Aug. 15, BJ's Wholesale Club
- Sales were slightly below expectations, but earnings per share were better by a penny.
- BJ's lowered earnings guidance for the fiscal year to $1.69 to $1.77 per share.
- Through the first six months of the year, below-average performance in working capital and increased capital expenditures have caused the company to go from positive free cash flow of $31.5 million to $20.8 million in negative free cash flow.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|---|
Sales |
$2,150,000 |
$2,136,905 |
$2,022,538 |
5.7% |
Net Profit |
-- |
$26,401 |
$30,453 |
(13.3%) |
EPS |
$0.38 |
$0.39 |
$0.44 |
(11.4%) |
Diluted Shares |
66,952 |
69,141 |
(3.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
9.83% |
10.19% |
(0.36) |
Operating Margin |
1.99% |
2.46% |
(0.47) |
Net Margin |
1.24% |
1.51% |
(0.27) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$76,164 |
$150,776 |
(49.5%) |
Accounts Rec. |
$90,694 |
$81,803 |
10.9% |
Inventory |
$802,694 |
$766,719 |
4.7% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Accounts Payable |
$525,296 |
$548,142 |
(4.2%) |
Long-Term Debt |
$2,494 |
$2,970 |
(16%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$72,596 |
$83,004 |
(12.5%) |
Capital Expenditures |
$93,388 |
$51,847 |
80.1% |
Free Cash Flow |
($20,792) |
$31,157 |
N/A |
Find out why Fools always follow the money.
Related Companies:
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Costco
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Related Foolishness:
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Enterprise Value
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Valuation
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.
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At the time of publication,Nathan Parmelee held shares of Costco but had no positions in any of the other companies mentioned. Fool rules are here.