On July 27, Denny's
- The company beat earnings estimates on less revenue than last year's quarter.
- Even though operating income increased year over year, the company's interest expense and effective tax rate also rose, leading to a drop in net income.
- Company-owned same-store sales were down 0.4% for the quarter, on a 4.2% reduction in traffic. Franchise stores saw a 1.4% comp increase.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$246,530 |
$243,491 |
$246,575 |
(1.3%) |
|
Net Profit |
-- |
$1,854 |
$2,069 |
(10.4%) |
|
EPS |
$0.00 |
$0.02 |
$0.02 |
0% |
|
Diluted Shares |
97,741 |
97,835 |
(0.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
24.90% |
25.40% |
(0.40) |
|
Operating Margin |
7.05% |
6.44% |
0.61 |
|
Net Margin |
0.76% |
0.84% |
(0.08) |
** Based on gross profit defined as company restaurant sales less company product costs.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$35,753 |
$27,094 |
32% |
|
Accounts Rec. |
N/A |
$12,216 |
N/A |
|
Inventory |
N/A |
$8,041 |
N/A |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
N/A |
$34,303 |
N/A |
|
Long-Term Debt* |
$542,600 |
$545,700 |
(0.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No cash flow statement supplied. No tip for that kind of shareholder service.
Find out why Fools always follow the money.
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Related Foolishness:
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.
