On Nov. 20, Hastings Entertainment (NASDAQ:HAST) released third-quarter earnings for the period ended Oct. 31.

  • The company's strongest segments were videos for sale and video games, with both achieving double-digit comparable same-store sales growth.
  • The decrease in gross margins was due largely to an increase in markdowns and higher shrinkage.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$119.6

$114.6

4.4%

Net Profit

($2.2)

($2.7)

N/A

EPS

($0.20)

($0.24)

N/A

Diluted Shares

11.2

11.4

(1.7%)



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

34.9%

35.8%

(0.9)

Operating Margin

(2.3%)

(3.3%)

1.0

Net Margin

(1.8%)

(2.4%)

0.5

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$3.1

$5.5

(43.9%)

Inventory

$186.3

$164.4

13.3%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$87.4

$84.5

3.4%

Long-Term Debt

$59.7

$52.0

14.8%



Learn the ways of the balance sheet.

Cash Flow Highlights

Make cash, not haste!

Find out why Fools always follow the money.

Related Companies:

  • Movie Gallery (NASDAQ:MOVI)
  • Lenox Group (NYSE:LNX)
  • Trans World Entertainment (NASDAQ:TWMC)

Related Foolishness:

Small caps. Large caps. Fool CAPS! The Motley Fool's new investor-intelligence community rates thousands of stocks to help you improve your own stock selections. Join today for a fun new way to research stocks!

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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.