On Dec. 20, Family Dollar (NYSE:FDO) released first-quarter 2007 earnings for the period ending Nov. 30, 2006.

  • Revenues rose 5.9% on same-store sales of 0.9% after taking into account new adjustments for prepaid cellular phone services.
  • Net income rose 5.8% to $54.4 million, or $0.36 per share, but does not account for any adjustments that may be required following the completion of the company's stock option grants program review.
  • Guidance for the full fiscal year has earnings coming in at $1.57 to $1.69 per share, 20% to 30% higher than last year.

(Figures in thousands, except per-share data)

Income Statement Highlights

Q1 2006

Q1 2005

Change

Sales

$1,600,264

$1,511,460

5.9%

Net Profit

$54,371

$51,390

5.8%

EPS

$0.36

$0.32

12.5%

Diluted Shares

150,961

160,470

(5.9%)



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

Margin Checkup

Q1 2006

Q1 2005

Change*

Gross Margin

34.5%

33.6%

0.90

Operating Margin

5.7%

5.5%

0.22

Net Margin

3.4%

3.4%

0.00

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2006

Q1 2005

Change

Cash + ST Invest.

$236,435

$146,350

61.6%

Accounts Rec.

$0

$0

N/A

Inventory

$1,090,266

$1,110,790

(1.8%)



Liabilities

Q1 2006

Q1 2005

Change

Accounts Payable

$973,851

$831,640

17.1%

Long-Term Debt

$250,000

$250,000

0%



Learn the ways of the balance sheet.

Cash Flow Highlights

Data not included in press release.

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Related Companies:

  • Wal-Mart (NYSE:WMT)
  • Dollar Tree (NASDAQ:DLTR)
  • Dollar General (NYSE:DG)
  • 99 Cents Only (NYSE:NDN)
  • Target (NYSE:TGT)

Related Foolishness:

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 recommendation, and Dollar Tree and Wal-Mart are Motley Fool Inside Value picks. You can see why with a free trial of either.

At the time of publication, Rich Duprey owned shares of Wal-Mart but did not own any of the other companies mentioned in the article. Fool rules are here.