On Jan. 25, Diedrich Coffee (NYSE:DDRX) released second-quarter earnings for the period ended Dec. 13, 2006.
- Revenues increased 16.2%, as a result of increased wholesale sales to OCS (Office Coffee Services) and foodservice customers, which were led by an increase in Keurig "K-cup" sales and partially offset by a decline in retail sales.
- On Dec. 12, shareholders approved the agreement between the company and Starbucks (NASDAQ:SBUX), whereby the latter agreed to purchase Diedrich's leasehold interest in up to 47 locations.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Sales |
$9,163.0 |
$7,888.0 |
16.2% |
|
Net Profit* |
($1,069.0) |
($771.0) |
N/A |
|
EPS* |
($0.20) |
($0.14) |
N/A |
|
Diluted Shares |
5,362.0 |
5,305.0 |
1.1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2006 |
Q2 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
34.4% |
40.7% |
(6.3) |
|
Operating Margin** |
(9.6%) |
(9.9%) |
0.3 |
|
Net Margin |
(11.7%) |
(9.8%) |
(1.9) |
**Loss on sale of asset and asset impairment expenses have been excluded while calculating operating profit.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,793.0 |
$5,641.0 |
33.5% |
|
Accounts Rec. |
$5,012.0 |
$3,818.0 |
31.3% |
|
Inventory |
$3,268.0 |
$3,528.0 |
(7.4%) |
|
Liabilities |
Q2 2006 |
Q2 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,100.0 |
$3,820.0 |
7.3% |
|
Long-Term Debt |
$1,143.0 |
$0 |
n/a |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
($2,382.0) |
($1,304.0) |
N/A |
|
Capital Expenditures |
$689.0 |
$971.0 |
(29.0%) |
|
Free Cash Flow |
($3,071.0) |
($2,275.0) |
N/A |
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Related Companies:
- Peet's Coffee & Tea (NASDAQ:PEET)
- Caribou Coffee (NASDAQ:CBOU)
- Green Mountain Coffee Roasters (NASDAQ:GMCR)
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