WMAR » Topics » Results of Operations

This excerpt taken from the WMAR 10-Q filed May 12, 2009.

Results of Operations

The following table sets forth certain statement of operations components expressed as a percent of net revenues:

 

     13 Weeks Ended  
     April 4,
2009
    March 29,
2008
 

Net revenues

   100.0 %   100.0 %

Cost of goods sold

   78.3     80.1  
            

Gross profit

   21.7     19.9  

Selling, general and administrative expense

   36.5     41.4  

Store closures and other restructuring costs

   0.1     0.0  

Impairment of long-lived assets

   0.0     0.2  
            

Loss from operations

   (14.9 )   (21.7 )

Interest expense

   0.3     0.8  
            

Loss before income taxes

   (15.2 )   (22.5 )

Provision (benefit) for income taxes

   0.4     (6.9 )
            

Net loss

   (15.6 )%   (15.6 )%
            
This excerpt taken from the WMAR 10-K filed Mar 16, 2009.

Results of Operations

The following table sets forth certain income statement components expressed as a percent of net revenues:

 

     2008     2007     2006  

Net revenues

   100.0 %   100.0 %   100.0 %

Cost of goods sold

   73.5 %   71.3 %   71.1 %
                  

Gross profit

   26.5 %   28.7 %   28.9 %

Selling, general and administrative expense

   28.0 %   27.6 %   27.4 %

Goodwill impairment

   0.0 %   8.4 %   0.0 %

Store closures and other restructuring costs

   1.6 %   0.1 %   1.5 %

Impairment of long-lived assets

   0.5 %   0.1 %   0.6 %
                  

Loss from operations

   (3.6 %)   (7.5 %)   (0.6 %)

Interest expense

   0.4 %   0.6 %   0.9 %
                  

Loss before income taxes

   (4.0 %)   (8.1 %)   (1.5 %)

Provision (benefit) for income taxes

   2.1 %   (0.7 %)   (0.4 %)
                  

Net loss

   (6.1 %)   (7.4 %)   (1.1 %)
This excerpt taken from the WMAR 10-Q filed Nov 4, 2008.

Results of Operations

The following table sets forth certain statement of operations components expressed as a percent of net revenues:

 

     13 Weeks Ended     39 Weeks Ended  
     September 27,
2008
    September 29,
2007
    September 27,
2008
    September 29,
2007
 

Net revenues

   100.0 %   100.0 %   100.0 %   100.0 %

Cost of goods sold

   72.4     69.3     71.0     69.5  
                        

Gross profit

   27.6     30.7     29.0     30.5  

Selling, general and administrative expense

   24.4     24.8     26.9     25.3  

Store closures and other restructuring costs

   0.9     0.0     0.3     0.0  

Impairment of long-lived assets

   0.1     0.0     0.5     0.1  
                        

Income from operations

   2.2     5.9     1.3     5.1  

Interest expense, net

   0.2     0.3     0.3     0.5  
                        

Income before income taxes

   2.0     5.6     1.0     4.6  

Income taxes

   0.1     2.3     2.9     1.8  
                        

Net income (loss)

   1.9 %   3.3 %   (1.9 )%   2.8 %
                        
This excerpt taken from the WMAR 10-Q filed Aug 4, 2008.

Results of Operations

The following table sets forth certain statement of operations components expressed as a percent of net sales:

 

     13 Weeks Ended     26 Weeks Ended  
     June 28,
2008
    June 30,
2007
    June 28,
2008
    June 30,
2007
 

Net sales

   100.0 %   100.0 %   100.0 %   100.0 %

Cost of goods sold

   65.4     65.2     70.3     69.7  
                        

Gross profit

   34.6     34.8     29.7     30.3  

Selling, general and administrative expense

   21.6     20.7     28.2     25.5  

Impairment of store assets

   0.8     0.0     0.6     0.0  
                        

Income from operations

   12.2     14.1     0.9     4.8  

Interest expense, net

   0.4     0.6     0.5     0.8  
                        

Income before income taxes

   11.8     13.5     0.4     4.0  

Income taxes

   9.8     5.1     4.3     1.5  
                        

Net income (loss)

   2.0 %   8.4 %   (3.9 )%   2.5 %
                        
This excerpt taken from the WMAR 10-Q filed May 7, 2008.

Results of Operations

The following table sets forth certain statement of operations components expressed as a percent of net sales:

 

     13 Weeks Ended  
     March 29,
2008
    March 31,
2007
 

Net sales

   100.0 %   100.0 %

Cost of goods sold

   80.1     78.5  
            

Gross profit

   19.9     21.5  

Selling, general and administrative expense

   41.4     35.0  

Impairment of store assets

   0.2     —    
            

Loss from operations

   (21.7 )   (13.5 )

Interest expense

   0.8     1.1  
            

Loss before income taxes

   (22.5 )   (14.6 )

Benefit from income taxes

   (6.9 )   (5.6 )
            

Net loss

   (15.6 )%   (9.0 )%
            
These excerpts taken from the WMAR 10-K filed Apr 4, 2008.

Results of Operations

The following table sets forth certain income statement components expressed as a percent of net sales:

 

     2007     2006     2005  

Net sales

   100.0 %   100.0 %   100.0 %

Cost of goods sold

   71.3 %   71.1 %   70.9 %
                  

Gross profit

   28.7 %   28.9 %   29.1 %

Selling, general and administrative expense

   27.7 %   27.5 %   29.2 %

Goodwill impairment

   8.4 %   0.0 %   0.0 %

Store closures and other restructuring costs

   0.1 %   2.0 %   0.0 %
                  

Loss from operations

   (7.5 %)   (0.6 %)   (0.1 %)

Interest expense

   0.6 %   0.9 %   1.0 %
                  

Loss before income taxes

   (8.1 %)   (1.5 %)   (1.1 %)

Benefit for income taxes

   (0.7 %)   (0.4 %)   (0.7 %)
                  

Net loss

   (7.4 %)   (1.1 %)   (0.4 %)

Results of Operations

FACE="Times New Roman" SIZE="2">The following table sets forth certain income statement components expressed as a percent of net sales:

 































































































































































































   2007  2006  2005 

Net sales

  100.0% 100.0% 100.0%

Cost of goods sold

  71.3% 71.1% 70.9%
          

Gross profit

  28.7% 28.9% 29.1%

Selling, general and administrative expense

  27.7% 27.5% 29.2%

Goodwill impairment

  8.4% 0.0% 0.0%

Store closures and other restructuring costs

  0.1% 2.0% 0.0%
          

Loss from operations

  (7.5%) (0.6%) (0.1%)

Interest expense

  0.6% 0.9% 1.0%
          

Loss before income taxes

  (8.1%) (1.5%) (1.1%)

Benefit for income taxes

  (0.7%) (0.4%) (0.7%)
          

Net loss

  (7.4%) (1.1%) (0.4%)
This excerpt taken from the WMAR 10-Q filed Nov 6, 2007.

Results of Operations

The following table sets forth certain statement of operations components expressed as a percent of net sales:

 

     13 Weeks Ended     39 Weeks Ended  
     September 29,
2007
    September 30,
2006
    September 29,
2007
    September 30,
2006
 

Net sales

   100.0 %   100.0 %   100.0 %   100.0 %

Cost of goods sold

   69.3     70.1     69.6     69.7  
                        

Gross profit

   30.7     29.9     30.4     30.3  

Selling, general and administrative expense

   25.6     26.1     25.7     26.8  

Store closure costs

   —       0.8     —       0.9  
                        

Income from operations

   5.1     3.0     4.7     2.6  

Interest expense, net

   0.3     0.6     0.6     0.9  
                        

Income before income taxes

   4.8     2.4     4.1     1.7  

Income taxes

   2.0     0.9     1.6     0.8  
                        

Net income

   2.8     1.5     2.5     0.9  
                        
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