On Aug. 15, Wal-Mart
- Revenues were slightly below estimates, and earnings per share missed estimates on charges to shut down the company's German operations. Without the charges, the company met estimates.
- The company continued to improve its inventory position, as sales increased 11.4% and inventory only increased 4.8% vs. last year. At the same time, gross margin improved 90 basis points.
- Wal-Mart delivered $448 million in free cash flow through the first six months, in comparison to just $13 million last year.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|---|
|
Sales |
$86,240 |
$85,430 |
$76,697 |
11.4% |
|
Net Profit |
-- |
$2,083 |
$2,805 |
(25.7%) |
|
EPS |
$0.72 |
$0.50 |
$0.67 |
(25.4%) |
|
Diluted Shares |
4,172 |
4,180 |
(0.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.40% |
23.50% |
0.90 |
|
Operating Margin |
5.97% |
6.17% |
(0.20) |
|
Net Margin |
2.44% |
3.66% |
(1.22) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,386 |
$5,452 |
17.1% |
|
Accounts Rec. |
$2,522 |
$1,596 |
58% |
|
Inventory |
$32,087 |
$30,611 |
4.8% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$26,023 |
$22,360 |
16.4% |
|
Long-Term Debt |
$24,099 |
$20,209 |
19.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$7,260 |
$6,468 |
12.2% |
|
Capital Expenditures |
$6,812 |
$6,455 |
5.5% |
|
Free Cash Flow |
$448 |
$13 |
3346.2% |
Find out why Fools always follow the money.
Related companies:
-
Costco
(NASDAQ:COST) -
BJ's Wholesale Club
(NYSE:BJ) -
Target
(NYSE:TGT) -
Dollar General
(NYSE:DG) -
Family Dollar Stores
(NYSE:FDO)
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.
Wal-Mart is a Motley Fool Inside Value selection. Costco and Family Dollar are Motley Fool Stock Advisor selections. Whatever your investing style, the Fool has a newsletter for you.
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.
