On September 28, Family Dollar
- Sales met estimates and earnings exceeded estimates when adjusted for an $0.18 legal settlement.
- Gross margins improved slightly, but increased operating expenses and a legal settlement pushed down operating margins and net margins.
- Free cash flow improved dramatically from $70.3 million to $258.8 million.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$6,390,000 |
$6,394,772 |
$5,824,808 |
9.8% |
|
Net Profit |
-- |
$201,665 |
$217,509 |
(7.3%) |
|
EPS |
$1.45 |
$1.30 |
$1.30 |
0% |
|
Diluted Shares |
155,124 |
167,092 |
(7.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2006 |
FY 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
33.13% |
32.90% |
0.23 |
|
Operating Margin |
5.10% |
5.82% |
(0.72) |
|
Net Margin |
3.15% |
3.73% |
(0.58) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$216,232 |
$138,705 |
55.9% |
|
Accounts Rec. |
$0 |
$0 |
N/A |
|
Inventory |
$1,037,859 |
$1,090,791 |
(4.9%) |
|
Liabilities |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$556,530 |
$574,831 |
(3.2%) |
|
Long-Term Debt |
$250,000 |
$0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$450,993 |
$299,352 |
50.7% |
|
Capital Expenditures |
$192,173 |
$229,065 |
(16.1%) |
|
Free Cash Flow |
$258,820 |
$70,287 |
268.2% |
Find out why Fools always follow the money.
Related Companies:
-
Dollar General
(NYSE:DG) -
Dollar Tree
(NASDAQ:DLTR) -
Target
(NYSE:TGT) -
Wal-Mart
(NYSE:WMT) -
99 Cents Only Stores
(NYSE:NDN) -
Big Lots
(NYSE:BIG)
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.
Family Dollar is a Motley Fool Stock Advisor selection. Dollar Tree and Wal-Mart are Motley Fool Inside Value selections.
At the time of publication,Nathan Parmelee had no positions in any of the companies mentioned. Fool rules are here.
