On Oct. 26, Wendy's International
- Much has changed with the spin-off of Tim Horton's
(NYSE:THI) and the sale of Baja Fresh. - Revenues grew 2.5% to $624 million, primarily driven by a same-store segment sales increase of 4.1% at Wendy's U.S. company-operated restaurants.
- Management also said that same-store sales at franchised restaurants increased 3.9%, giving some credence to the idea that the turnaround may be starting.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$1,026* |
$624 |
$609 |
2.5% |
|
Net Profit** |
-- |
$19 |
$20 |
(2.9%) |
|
EPS |
$0.64 |
$0.16 |
$0.17 |
(5.9%) |
|
Diluted Shares |
-- |
118 |
118 |
0.5% |
**Revenue and net profit does not include income from discontinued operations.
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.17% |
45.46% |
0.71 |
|
Operating Margin |
3.11% |
7.24% |
(4.13) |
|
Net Margin |
3.11% |
3.28% |
(0.17) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,163 |
$264 |
340.7% |
|
Accounts Rec. |
$77 |
$158 |
(51.0%) |
|
Inventory |
$35 |
$64 |
(45.1%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$82 |
$150 |
(45.4%) |
|
Long-Term Debt |
$525 |
$556 |
(5.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Did they leave the cash flow statement in Canada with Tim Horton's? It wasn't in the release.
Find out why Fools always follow the money.
Related Companies:
-
McDonald's
(NYSE:MCD) -
Burger King
(NYSE:BKC) -
Chipotle
(NYSE:CMG)
Related Foolishness:
- Wendy's Plays Old Maid
- Brinker International Serves Up Earnings: Fool by Numbers
- Wendy's Credit Pickle
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