On June 20, Darden Restaurants (NYSE:DRI) released Q4 2006 earnings for the period ended May 28.
- Comps were 9.4% for Red Lobster and 2.5% for Olive Garden, its two primary concepts. Bahama Breeze reported 3.6% comparables and Smoky Bones was down 7.7%.
- The company repurchased 2.4 million shares during the quarter.
- Growth of Smoky Bones will be minimized while the company refocuses the concept and improves operations.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$1,500 |
$1,512 |
$1,394 |
8.5% |
|
Net Profit |
-- |
92.3 |
84 |
9.9% |
|
EPS |
$0.60 |
$0.60 |
$0.52 |
15.4% |
|
Diluted Shares |
153.8 |
162 |
(5.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
70.10% |
69.77% |
0.33 |
|
Operating Margin |
9.57% |
9.5% |
0.07 |
|
Net Margin |
6.10% |
6.02% |
0.08 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 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 |
Q4 2006 |
Q4 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 not very Foolish.
Find out why Fools always follow the money.
Related Companies:
- Brinker International (NYSE:EAT)
- The Cheesecake Factory (NASDAQ:CAKE)
- P.F. Chang's China Bistro (NASDAQ:PFCB)
- Ruby Tuesday (NYSE:RI)
Related Foolishness:
- Darden Is Delicious
- The forecast for this quarter, plus year-end results.
- Cheesecake Factory is doing 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, Jim Mueller has a position in Cheesecake Factory, but not in any other company mentioned. Fool rules are here.
