On Tuesday, CBRL Group
- The company continued its recapitalization by using a $725 million term loan to help purchase 35% of its shares outstanding.
- Decreased restaurant traffic led to declining comps and lackluster sales growth at its Cracker Barrel restaurants despite an increase in the average check. However, it's tough to grow a mature restaurant.
- The company reiterated that it won't be giving quarterly guidance in fiscal 2007 and said that the year will be one of transition as it works to divest the Logan's Roadhouse restaurants.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$2,652 |
$2,643 |
$2,568 |
2.9% |
|
Net Profit |
-- |
$116 |
$127 |
(8.2%) |
|
EPS |
$2.48 |
$2.50 |
$2.45 |
2.0% |
|
Diluted Shares |
-- |
48 |
53 |
(10.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2006 |
FY 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
68.01% |
67.01% |
1.00 |
|
Operating Margin |
7.17% |
7.89% |
(0.72) |
|
Net Margin |
4.40% |
4.93% |
(0.53) |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$90 |
$17 |
421.8% |
|
Other Current Assets |
$175.8 |
$173.3 |
1.4% |
|
Liabilities |
FY 2006 |
FY 2005 |
Change |
|---|---|---|---|
|
Current Liabilities |
$287.7 |
$295.3 |
(2.6%) |
|
Long-Term Debt |
$919.5 |
$212.2 |
333.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
FY 2006 |
FY 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$215 |
$268 |
(19.9%) |
|
Capital Expenditures |
$145 |
$171 |
(15.5%) |
|
Free Cash Flow |
$70 |
$97 |
(27.8%) |
Find out why Fools always follow the money.
Related companies:
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Darden Restaurants
(NYSE:DRI) -
Brinker
(NYSE:EAT) -
Ruby Tuesday
(NYSE:RI) -
O'Charley's
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OSI
Restaurants
(NYSE:OSI)
Related Foolishness:
- A Cracking Cracker Barrel?
- Cracker Barrel Cracked: Fool by Numbers
- Lock, Stock, and Cracker Barrel
- Comfort Food to Go
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, David Meier did not own shares in any of the companies mentioned. And none have been recommended in any of our newsletters. But that shouldn't stop you from seeing what we have to offer. Fool rules are here.
