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FINANCIAL STATEMENT ANALYSIS
DSW SHOES INC. & PAYLESS SHOESOURCE
BY: EULALIA RAMIREZ
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TABLE OF CONTENTS
SECTION PAGE
Executive Summary………………………………………………………. ……… 3
Firm Background and Competitive Environment………………………. 4
Significant Risks…………………………………………………………………… 5
Financial Statements…………………………………………………………….. 6
Profitability………………………………………………………………………….. 19
Liquidity……………………………………………………………………………… 22
Asset Management……………………………………………………………… 26
References…………………………………………………………………………. 28
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I. EXECUTIVE SUMMARY
The shoe retail business is a competitive field. According to the Annual Retail
Trade Survey conducted by the Bureau of Census, shoe retail trade registered sales of
21,627 billion in 2003 in the
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SIGNIFICANT RISKS
The Footwear Retail Industry faces a variety of competitive challenges from other domestic and international footwear retailers, including a number of competitors that have substantially great financial and marketing resources.
Over the last few fiscal years, the Specialty Retail Industry has been boosted by a healthy economy, good employment numbers, and low interest rates that have made money and debt “cheap” and saving less attractive.
However, more recently, interest rates have risen, the housing market has cooled significantly, and gas prices have at times reached over $3.00 a gallon. Nevertheless, despite these factors, the industry continues to solid revenues at a slow but constant rate. Among the many significant risks currently in the market, we might find pricing of merchandise, product availability based on consumer demands, marketing support, shopping environment, assortment of merchandise, customer service, etc,.
Looking ahead, however, I believe a continued housing market contraction, maintained or higher interest rates, or a slowing economy could eventually lead to a more challenging business environment.
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IV. FINANCIAL STATEMENTS
The information listed in this section is the financial statements of DSW Shoes
Inc. and Payless Shoesource fiscal year ended January 2,007, January 2,006 and
January 2,005.
Excluding the common-sized statements, the financial statements information presented in this report are stated as filed in
sale of Nike’s high-margin products to high-end customers. Regardless of the low cost of the World Shoes, they
American Eagle Outfitters sells accessories, personal care products, graphic T’s, outerwear, footwear, swimwear, and the company started a new line of children apparel a few years ago (Hill, 2011). The Saturday nearest January 31st is the date that American Eagle Outfitters Store reports their most recent reporting for the end of the year. The balance sheets, income statements, and cash flow statements were presented completely in 3years.
1. Increase revenue by 16% in 2012 through retail expansion; following increases in revenue of 15%, 16%, and 14% in 2009, 2010, and 2011, respectively (Please see Appendix A).
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The most noticeable growth in this section is seen in sales from 2002 to 2003. These sales have increased from 3.7% in 2001-02 to 23.5% in 2002-03 after the expansion of the store. This truly helps the company to a positive way when seeing such drastic changes. Net earnings have almost doubled and gross profit was on the rise as well, which is also a positive trend for the company that will not go unnoticed. This indicates a positive correlation and increases in profitability.
Companies are growing by bringing in new stores to new locations rather than come up with innovation in the terms of bringing the products to the consumer. As written in business insights, the industry is recession proof but personally we believe that the companies’ sales are
Blackmores,the leader of Australian pharmaceuticals with over 80-year history, keeps focusing on natural health care and becoming the first choice of the public. This essay will discuss the financial condition by analyzing the annual reports of Blackmores in the period from financial year 2010 to financial year 2012. It will be demonstrated by focusing on financial statements analysis, financial statements comments and comparison with Mcksson.
There are several factors that guide the choice among debt financing and equity financing such as potential profitability, financial risk and voting control. Equity financing is a method used to obtain capital in order to finance operations, growth or expansion. Sources of equity financing are extremely important. Major sources of equity financial are Retained Earnings, sale of stock, and funds provided by venture capital firms. Profits that are kept and reinvested are called Retained earnings, which is a very attractive source fund due to the savings it provides to the entity by not paying the interests, dividends or underwriting fees related to issuing securities. This source of financing does not dilute ownership, but it
- Retailing industry change, Large chains were expanding their market penetration by offering a more diverse array of product.
Under Armour was founded in 1996 by Kevin Plank (Current CEO and Chairman of the company) and became publicly traded on NYSE in 2006. Under Armour’s core products were performance sport apparel, footwear, and accessories. Its main market is North America (95% of its revenue). Now, it is the second largest sports apparel companies in the U.S.
Net sales increase has been driven by a moderate average growth in the US Retail segment (3.8%), coupled with the expansion in the International business (13.4%). The big year on year increase of
Within this report, diligent focus will be shown to the financial year of 2010 and the final year of
The purpose of the report is to measure the performance, financial position and liquidity of the general retailer, Debenhams plc. Its operation would be compared to that of the prior year as well as that of a rival company in the same industry.
Aggreko PLC (Aggreko) provides temporary powerand temperature control solutions . The company's lease and provides its services on a rental basis . Renting its services power generators , temperature control , humidity control , oil-free air luggage.
The recent recession has hurt the entire retail market and regaining profits will be a constant challenge for the entire industry. In order to remain competitive, Ann Krill states,” value and versatility have become very important. She needs an incentive to shop.” (Hymowitz, 2012) Ms. Krill goes on to say,” I think in uncertain economic times, value becomes more important...” (Hymowitz, 2012)