On Feb. 21, Jack in the Box
- Revenues grew 5.4%, backed by 25% growth in franchise restaurant revenues, which were offset by a mere 1% growth in direct restaurant sales
- The board of directors authorized the repurchase of as many as 3.3 million shares, just under 10% of its shares outstanding, in 2007.
- The company expects EPS to be around $0.60-$0.70 and $3.27-$3.33 for the second quarter and fiscal 2007, respectively.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$856.7 |
$813.0 |
5.4% |
|
Net Profit |
$37.4 |
$25.2 |
48.1% |
|
EPS |
$1.03 |
$0.70 |
47.1% |
|
Diluted Shares |
36.1 |
36.1 |
0.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Restaurant Gross Margin |
69.0% |
68.1% |
0.9 |
|
Operating Margin |
7.4% |
5.4% |
2.0 |
|
Net Margin |
4.4% |
3.1% |
1.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$301.6 |
$101.6 |
196.7% |
|
Accounts Rec. |
$34.6 |
$23.9 |
44.9% |
|
Inventory |
$45.7 |
$40.6 |
12.7% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Other current liabilities |
$236.5 |
$254.5 |
(7.1%) |
|
Long-Term Debt |
$491.4 |
$287.9 |
70.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement must still be in Jack's head. He'll share the number in the 10-Q.
Find out why Fools always follow the money.
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Related Foolishness:
Thirty-four Motley Fool CAPS players pick Jack in the Box to outperform the market. Three say it will underperform. Where do you stand? Join more than 23,000 fellow investors in the Fool's new stock-rating service and let your voice be heard.
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