On Aug. 2, Ryan's Restaurant Group
- GAAP earnings missed estimates because of an $8.4 million charge set aside for a class-action lawsuit against the company.
- Margins improved across the board from last year, despite one-time charges.
- Free cash flow dramatically improved year over year because of CAPEX reductions.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|---|
Sales |
Not given |
$208,871 |
$215,510 |
(3.1%) |
Net Profit |
-- |
$6,863 |
$6,260 |
9.6% |
EPS |
$0.22 |
$0.16 |
$0.15 |
6.7% |
Diluted Shares |
42,639 |
42,569 |
0.2% |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2006 |
Q2 2005 |
Change* |
|
---|---|---|---|
Gross Margin** |
65.87% |
64.57% |
1.30 |
Operating Margin |
4.69% |
4.33% |
0.36 |
Net Margin |
3.29% |
2.90% |
0.39 |
** Based on gross profit defined as sales (above) less cost of food and drink.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$13,580 |
$16,508 |
(17.7%) |
Accounts Rec. |
$7,761 |
$4,633 |
67.5% |
Inventory |
$5,438 |
$6,558 |
(17.1%) |
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
---|---|---|---|
Accounts Payable |
$6,346 |
$8,932 |
(29.0%) |
Total Debt |
$139,500 |
$180,250 |
(22.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q2 2006 |
Q2 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$13,043 |
$19,705 |
(33.8%) |
Capital Expenditures |
$6,175 |
$18,602 |
(66.8%) |
Free Cash Flow |
$6,868 |
$1,103 |
522.7% |
Find out why Fools always follow the money.
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Related Foolishness:
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At the time of publication, Jim Mueller did not have a position in any company mentioned. Fool rules are here.