On Nov. 16, Williams-Sonoma
- Net sales increased 3%, driven by a 7.7% increase in retail square footage.
- Gross margin decreased 120 basis points, after fixed occupancy expenses in the retail channel increased at a faster rate than net revenue growth. Operating margins declined by 210 basis points as a result of higher employment costs.
- Out of 55 investors, 51 think Williams-Sonoma will outperform the S&P 500 in our new ratings service, Motley Fool CAPS. Got an opinion of your own? Bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$852.8 |
$827.6 |
3% |
|
Net Profit |
$29.1 |
$37.1 |
(21.4%) |
|
EPS |
$0.25 |
$0.31 |
(19.4%) |
|
Diluted Shares |
115.8 |
118.9 |
(2.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
38.2% |
39.4% |
(1.2) |
|
Operating Margin |
5.1% |
7.2% |
(2.1) |
|
Net Margin |
3.4% |
4.5% |
(1.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$108.7 |
$91.8 |
18.4% |
|
Accounts Rec. |
$57.9 |
$60.2 |
(3.9%) |
|
Inventory |
$661.2 |
$587.4 |
12.6% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$218.8 |
$196.6 |
11.3% |
|
Long-Term Debt |
$13.0 |
$14.8 |
(11.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($12.0) |
$19.9 |
N/A |
|
Capital Expenditures |
($144.4) |
($119.4) |
N/A |
|
Free Cash Flow |
$132.4 |
$139.2 |
(4.9%) |
Find out why Fools always follow the money.
Related Companies:
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Bed Bath & Beyond
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