On Aug. 10, Red Robin Gourmet Burgers
- Revenue was up, but net income was down year over year because of stock-based compensation expensing.
- Free cash flow remained negative year over year. Capital expenditures increased as the company accelerated store expansion compared with last year.
- That increased expansion also grew total debt.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$135,560 |
$135,860 |
$114,104 |
19.1% |
|
Net Profit |
-- |
$7,194 |
$7,423 |
(3.1%) |
|
EPS |
$0.39 |
$0.43 |
$0.45 |
(4.4%) |
|
Diluted Shares |
-- |
16,727 |
16,679 |
0.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
77.45% |
76.44% |
1.01 |
|
Operating Margin |
8.63% |
10.58% |
(1.95) |
|
Net Margin |
5.30% |
6.51% |
(1.21) |
** Based on gross profit, defined as company-owned restaurant sales less cost of sales.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$5,609 |
$7,030 |
(20.2%) |
|
Accounts Rec. |
$2,958 |
$2,715 |
9% |
|
Inventory |
$6,981 |
$5,885 |
18.6% |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$22,628 |
$13,216 |
71.2% |
|
Total Debt |
$65,833 |
$45,560 |
44.5% |
Learn the ways of the balance sheet.
Cash Flow Highlights*
|
Q2 2006 |
Q2 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$42,549 |
$37,391 |
13.8% |
|
Capital Expenditures |
$47,747 |
$39,377 |
21.3% |
|
Free Cash Flow |
($5,198) |
($1,986) |
N/A |
Find out why Fools always follow the money.
Related Companies:
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Applebee's
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Related Foolishness:
- Red Robin's Mixed Menu
- Red Robin Gets Plucked
- Red Robin's Roller Coaster Ride
- Red Robin Gourmet: Grounded
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 a position in only Cheesecake Factory of all the companies mentioned. Fool rules are here.
