On Monday, Nathan's Famous
- I'm tempted to write that Nathan's 20% profit growth smashed Street estimates, except that no analysts follow the hot dog maker.
- Per-share earnings grew even more thanks to a lower share count and higher sales and improved margins in the branded products business, which accounted for 41% of sales during the quarter.
- Since 2001, Nathan's has repurchased 1.89 million shares for $7.16 million. That's an average price of $3.78 a stub, or just 29% of yesterday's close. (Talk about creating value for shareholders.)
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|---|
|
Sales |
N/A |
$12,244 |
$11,382 |
7.6% |
|
Net Profit |
-- |
$1,396 |
$1,169 |
19.4% |
|
EPS |
N/A |
$0.22 |
$0.18 |
22.2% |
|
Diluted Shares |
6,316 |
6,474 |
(2.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
42.19% |
43.59% |
(1.40) |
|
Operating Margin |
17.28% |
15.09% |
2.19 |
|
Net Margin |
11.40% |
10.27% |
1.13 |
** Defined as sales less cost of food and beverage, without revenue from franchisees.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$20,379 |
$16,093 |
26.6% |
|
Accounts Rec. |
$5,727 |
$4,924 |
16.3% |
|
Inventory |
$1,250 |
$690 |
81.2% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,786 |
$2,718 |
2.5% |
|
Long-Term Debt |
$0 |
$649 |
(100.0%) |
Learn the ways of the balance sheet.
Cash Flow Checkup
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$518 |
$953 |
(45.6%) |
|
Capital Expenditures |
$147 |
$151 |
(2.6%) |
|
Free Cash Flow |
$371 |
$802 |
(53.7%) |
Find out why Fools always follow the money.
Related companies:
-
Burger King
(NYSE:BKC) -
McDonald's
(NYSE:MCD) -
Wendy's
(NYSE:WEN) -
Yum! Brands
(NYSE:YUM)
Related Foolishness:
- Shouldn't I have seen this coming?
- There was still time last February.
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.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out which stocks he owns by checking Tim's Fool profile. The Motley Fool has an ironclad disclosure policy.
