On Nov. 14, Steak n Shake (NYSE:SNS) released fourth-quarter earnings for the period ended Sept. 27.
- Total revenues grew 4.3% to $152.0 million from $145.7 million, but the same-store sales declined 3.4%.
- Steak n Shake opened seven new company-owned restaurants, acquired eight units from a franchisee, sold one unit to a franchisee, and opened one new franchised unit.
- For fiscal year 2007, the company anticipates diluted earnings per share in the range of $0.90 to $1.00. This is based on expected same-store sales growth of positive 1% to down 3%.
- Steak n Shake anticipates opening approximately 15 company-owned restaurants and at least seven franchise units in fiscal 2007.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$152.0 |
$145.7 |
4.3% |
|
Net Profit |
$7.5 |
$8.7 |
(13.4%) |
|
EPS |
$0.27 |
$0.31 |
(12.9%) |
|
Diluted Shares |
28.0 |
28.1 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
77.6% |
77.2% |
(2.2) |
|
Operating Margin |
8.8% |
9.7% |
(0.9) |
|
Net Margin |
4.9% |
5.9% |
(1.0) |
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Current Assets |
$30.9 |
$21.0 |
47.1% |
|
Property and Equipment |
$490.1 |
$439.6 |
11.5% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Current Liabilities |
$98.1 |
$60.0 |
63.5% |
|
Long-Term Debt |
$147.8 |
$153.9 |
(4%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$69.6 |
$64.3 |
8.2% |
|
Capital Expenditures |
No Data |
No Data |
N/A |
|
Free Cash Flow |
No Data |
No Data |
N/A |
We saw one of the two pieces needed in the free cash flow puzzle. But unfortunately there weren't enough details to put the result together.
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