On May 3, Tim Hortons
- Increases of 6.3% and 4% in same-store sales in Canada and the U.S., respectively, and a 30% increase in franchise fees lifted total revenue 13.9% during the quarter.
- EPS declined 20.5%, as Tim Hortons' effective tax rate changed to 34.6% from 14.8% in 2006.
-
Motley Fool CAPS investors give Tim Hortons a three-star rating, showing it more love than its former parent, Wendy's
(NYSE:WEN) , which has a one-star rating. It also outranks Stock Advisor selection Starbucks(NASDAQ:SBUX) and its two-star rating. Got an opinion? Bring it to CAPS!
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$424.6 |
$372.8 |
13.9% |
|
Net Profit |
$59.3 |
$63.6 |
(6.8%) |
|
EPS |
$0.31 |
$0.39 |
(20.5%) |
|
Diluted Shares |
190.6 |
161.8 |
17.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
41.7% |
42.6% |
(0.9) |
|
Operating Margin |
22.2% |
22.3% |
(0.1) |
|
Net Margin |
14% |
17.1% |
(3.1) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$82.9 |
$978.1 |
(91.5%) |
|
Accounts Rec. |
$114.2 |
$89.4 |
27.6% |
|
Inventory |
$62.0 |
$47.9 |
29.4% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$89.1 |
$82.3 |
8.3% |
|
Long-Term Debt |
$391.4 |
$392.4 |
(0.3%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
The absence of a cash flow statement is like the hole in a doughnut: No calories, but no taste, either.
Free cash flow is a Fool's best friend.
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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.
