On Wednesday, Jan. 3, after the market close, drive-in restaurant chain Sonic
- Sales grew 9.4% to $174.8 million as same-store sales advanced 3.4%.
- Total diluted earnings grew 5.6% and came in below analyst projections.
- A debt refinancing hit quarterly earnings by a penny and is expected to affect second-quarter results, but allowed the company to repurchase 20% of its outstanding common shares.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$174,790 |
$159,800 |
9.4% |
Net Profit |
$15,286 |
$16,430 |
(7.0%) |
EPS |
$0.19 |
$0.18 |
5.6% |
Diluted Shares |
79,489 |
90,521 |
(12.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
78.0% |
77.4% |
0.6 |
Operating Margin |
17.4% |
17.3% |
0.1 |
Net Margin |
8.8% |
10.3% |
(1.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Current Assets |
$54,365 |
$35,596 |
52.7% |
Total Assets |
$652,456 |
$585,293 |
11.5% |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Current Liabilities |
$73,213 |
$65,866 |
11.2% |
Obligations |
$578,615 |
$159,640 |
262.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Fools will have to wait until the 10-Q filing for juicy cash flow details.
Find out why Fools always follow the money.
Comparable companies:
-
McDonalds
(NYSE:MCD) -
Burger King
(NYSE:BKC) -
Wendy's
(NYSE:WEN) -
Yum! Brands
(NYSE:YUM)
Related Foolishness:
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Fool contributor Ryan Fuhrmann is long shares of Mickey D's but has no financial interest in any other company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.