On Jan. 9, Ruby Tuesday (NYSE:RI) released second-quarter earnings for the period ended Dec. 5, 2006.

  • Revenues rose 14.2% thanks to the addition of 64 restaurants, partially offset by a slight decline in same-store sales at company-owned stores.
  • Earnings per share were flat because of a 4.5% reduction in share count.
  • Recently, the board of directors authorized the repurchase of an additional 5 million common shares, bringing the total available for repurchase to 10.2 million shares, or just less than 20%.

(Figures in millions, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006

Change

Sales

$336.8

$295.1

14.2%

Net Profit

$16.7

$17.4

(4.1%)

EPS

$0.28

$0.28

0.0%

Diluted Shares

59.3

62.1

(4.5%)

Get back to basics with a look at the income statement.

Margin Checkup

Q2 2007

Q2 2006

Change*

Gross Margin

72.6%

73.0%

(0.4)

Operating Margin**

9.0%

9.9%

(0.9)

Net Margin

5.0%

5.9%

(0.9)

*Expressed in percentage points.
**Excludes equity in losses of unconsolidated franchises.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q2 2007

Q2 2006

Change

Cash + ST Invest.

$8.9

$8.2

7.4%

Accounts Rec.

$9.4

$12.5

(24.8%)

Inventory

$19.5

$18.9

3.2%

Liabilities

Q2 2007

Q2 2006

Change

Accounts Payable

$40.7

$43.2

(5.9%)

Total Debt

$359.5

$359.5

0.0%

Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2007

YTD 2006

Change

Cash From Ops.

$72.4

$68.1

6.3%

Capital Expenditures

$69.4

$90.5

(23.3%)

Free Cash Flow

$3.0

($22.4)

N/A

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Related Companies:

  • Sonic (NASDAQ:SONC)
  • Chipotle Mexican Grill (NYSE:CMG)
  • Applebee's International (NASDAQ:APPB)

Related Foolishness:

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