On Oct. 25, P.F. Chang's China Bistro
- Revenues increased 13.8% to $231 million, due to new Bistro and Pei Wei stores.
- EPS declined 19.4% to $0.25, due to increased operating expenses. Someone get the chef from Hell's Kitchen to get them back under control!
- Same-store sales declined 1.5%, rather than the forecast 2.4%. Unfortunately, a decline is still a decline.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$231 |
$231 |
$203 |
13.8% |
|
Net Profit |
-- |
$7 |
$8 |
(22.0%) |
|
EPS |
$0.21 |
$0.25 |
$0.31 |
(19.4%) |
|
Diluted Shares |
-- |
27 |
27 |
(1.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
72.75% |
72.42% |
0.33 |
|
Operating Margin |
4.59% |
6.56% |
(1.97) |
|
Net Margin |
2.85% |
4.16% |
(1.31) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$15 |
$58 |
(74.9%) |
|
Accounts Rec. |
$0 |
$0 |
n/a |
|
Inventory |
$4 |
$3 |
21.6% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$12 |
$9 |
39.9% |
|
Long-Term Debt |
$2 |
$4 |
(60.4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$74 |
$65 |
14.3% |
|
Capital Expenditures |
$79 |
$70 |
11.6% |
|
Free Cash Flow |
($5) |
($6) |
N/A |
Find out why Fools always follow the money.
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