On Nov. 14, Wal-Mart
- Sales growth of 12% and earnings per share growth of 10.5% were balanced with a 0.54% improvement in gross margins and close to flat operating and net margins.
- Inventory growth of 6.2% is impressive given the 12% gain in sales, but accounts receivable grew 39.9%, which bears watching.
- Wal-Mart has been ranked by 918 community members in CAPS. Of those rankings, 80.6% gave Wal-Mart a whistling smiley face.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$84,467 |
$75,397 |
12.0% |
|
Net Profit |
$2,647 |
$2,374 |
11.5% |
|
EPS |
$0.63 |
$0.57 |
10.5% |
|
Diluted Shares |
4,173 |
4,169 |
0.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
24.51% |
23.97% |
0.54 |
|
Operating Margin |
5.29% |
5.44% |
(0.15) |
|
Net Margin |
3.13% |
3.15% |
(0.02) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$5,908 |
$4,334 |
36.3% |
|
Accounts Rec. |
$2,477 |
$1,770 |
39.9% |
|
Inventory |
$38,531 |
$36,272 |
6.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$29,263 |
$24,835 |
17.8% |
|
Long-Term Debt |
$24,154 |
$23,249 |
3.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$10,065 |
$8,114 |
24.0% |
|
Capital Expenditures |
$11,417 |
$10,380 |
10.0% |
|
Free Cash Flow |
($1,352) |
($2,266) |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
Costco
(NASDAQ:COST) -
BJ's Wholesale Club
(NYSE:BJ) -
Target
(NYSE:TGT)
Related Foolishness:
Wal-Mart is a Motley Fool Inside Value selection and Costco is a Stock Advisor selection. Want some new stock ideas? Learn more about what CAPS players -- now 12,500 strong -- think of the company you're interested in.
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 held shares of Costco and had a beneficial interest in shares of Wal-Mart, but had no positions in any of the other companies mentioned. Fool rules are here.
