On June 20, Darden Restaurants
- Overall same-store sales growth was 4.5% for the year, with Red Lobster reporting 4.9% and Olive Garden 5.5%.
- The company repurchased 11.9 million shares over the year, returning some value to shareholders on top of their dividend.
- Earnings per share grew more than 20% for the second straight year.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|---|
Sales |
$5,710 |
$5,721 |
$5,278 |
8.4% |
Net Profit |
-- |
$338.2 |
$290.6 |
16.4% |
EPS |
$2.14 |
$2.16 |
$1.78 |
21.3% |
Diluted Shares |
156.9 |
163.4 |
(4.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2006 |
FY 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
70.42% |
69.81% |
0.61 |
Operating Margin |
9.19% |
8.85% |
0.34 |
Net Margin |
5.91% |
5.51% |
0.40 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$42.3 |
$42.8 |
(1.2%) |
Accounts Rec. |
$37.1 |
$36.5 |
1.6% |
Inventory |
$198.7 |
$235.4 |
(15.6%) |
Liabilities |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Accounts Payable |
$213.2 |
$191.2 |
11.5% |
Long-Term Debt |
$494.6 |
$350.3 |
41.2% |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data given, which is quite frustrating.
Find out why Fools always follow the money.
Related Companies:
-
Applebee's International
(NASDAQ:APPB) -
Brinker International
(NYSE:EAT) -
OSI Restaurant Partners
(NYSE:OSI)
Related Foolishness:
- Darden Is Delicious
- The forecast and numbers for this quarter.
- Outback isn't doing so well.
- Comfort Food From Brinker.
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, Fool contributor Jim Mueller had no position in any company mentioned. Fool rules are here.