On Nov. 14, Steak n Shake
- 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.
Find out why Fools always follow the money.
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