On June 8, Luby's (NYSE:LUB) released fiscal Q3 2006 earnings for the period ended May 10.
- Same-store sales increased 4% for the quarter, the 10h consecutive quarter of increases.
- Without a one-time income tax benefit, net income was $4.4 million or $0.16 per diluted share, right on the estimates.
- Year over year, food costs increased 0.1 points, labor costs dropped 0.9 points, and other operating costs (electricity and restaurant supply, repair, and maintenance) increased 1.1 points.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$77,954 |
$77,954 |
$75,371 |
3.4% |
|
Net Profit |
-- |
$6,901 |
$3,704 |
86.3% |
|
EPS |
$0.25 |
$0.25 |
$0.15 |
66.7% |
|
Diluted Shares |
27,565 |
26,671 |
3.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
73.53% |
73.63% |
(0.10) |
|
Operating Margin |
5.49% |
8.68% |
(3.19) |
|
Net Margin |
8.85% |
4.91% |
3.94 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,701 |
$8,279 |
(19.1%) |
|
Accounts Rec. |
$653 |
$252 |
159.1% |
|
Inventory |
$2,371 |
$2,037 |
16.4% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$17,729 |
$15,129 |
17.2% |
|
Long-Term Debt |
$0 |
$29,800 |
(100%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$9,031* |
$10,371 |
(12.9%) |
|
Capital Expenditures |
$3,469* |
$1,597 |
117.2% |
|
Free Cash Flow |
$5,562 |
$8,774 |
(36.6%) |
Find out why Fools always follow the money.
Related Companies:
- Bob Evans Farms (NASDAQ:BOBE)
- Boston Market, subsidiary of McDonald's (NYSE:MCD)
- CBRL Group (NASDAQ:CBRL)
- Darden Restaurants (NYSE:DRI)
- Denny's (NASDAQ:DENN)
Related Foolishness:
- Luby's quarterly forecast.
- Buffalo Wild Wings' quarterly results.
- Denny's is cooking dinner.
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.
At the time of publication, Jim Mueller had no position in any company mentioned. Fool rules are here.
