On Wednesday, Aug. 23, Coldwater Creek
- Sales and profits both blew away year-ago numbers as well as analyst estimates.
- Gross margins expanded faster than the operational figures, pointing to great pricing power but some room for improvement in operational efficiency.
- Coldwater is spending freely on expansion, but with no debt on the balance sheet, all of the growth is powered by cash flows.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|---|
Sales |
$197 |
$216 |
$153 |
41.2% |
Net Profit |
-- |
$12 |
$6 |
93.5% |
EPS |
$0.10 |
$0.13 |
$0.07 |
85.7% |
Diluted Shares |
95 |
94 |
0.4% |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2006 |
Q2 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
46.81% |
43.31% |
3.50 |
Operating Margin |
8.32% |
6.13% |
2.19 |
Net Margin |
5.55% |
4.04% |
1.51 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$113 |
$93 |
21.6% |
Accounts Rec. |
$29 |
$26 |
13.3% |
Inventory |
$124 |
$74 |
67.2% |
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Accounts Payable |
$89 |
$51 |
74.5% |
Long-Term Debt |
$0 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$23 |
$12 |
90.8% |
Capital Expenditures |
$45 |
$30 |
49.8% |
Free Cash Flow |
($23) |
($18) |
-23.4% |
Find out why Fools always follow the money.
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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, Anders Bylund had no position in any company mentioned. Fool rules are here .