On Feb. 22, Red Robin Gourmet Burgers
- Revenues grew 40.6%. Restaurant revenue increased 41.8%, but franchise royalties, fees, and rent were flat. The fourth quarter for 2006 contained an extra week.
- Comparable restaurant sales increased 0.2% for company-owned restaurants. This was driven by a 3.2% increase in the average guest check, which was offset by a 3% decline in guest counts.
- Restaurant operating margins increased to 21.5%, with a lower cost of sales, labor, and restaurant operating costs partially offset by higher occupancy costs.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006* |
Q4 2005* |
Change |
|
---|---|---|---|
Sales |
$163.8 |
$116.5 |
40.6% |
Net Profit |
$8.8 |
$5.5 |
59.4% |
EPS |
$0.53 |
$0.33 |
60.6% |
Diluted Shares |
16.8 |
16.7 |
0.3% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
77.6% |
77.5% |
0.1 |
Operating Margin |
8.3% |
7.5% |
0.7 |
Net Margin |
5.4% |
4.8% |
0.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$2.8 |
$3.3 |
(17.3%) |
Accounts Rec. |
$3.3 |
$3.6 |
(7.9%) |
Inventory |
$8.5 |
$6.5 |
30.9% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$24.2 |
$14.0 |
72.9% |
Long-Term Debt |
$112.3 |
$55.7 |
101.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
2006 |
2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$78.8 |
$65.3 |
20.7% |
Capital Expenditures |
$95.4 |
$83.8 |
13.8% |
Free Cash Flow |
($16.6) |
($18.6) |
N/A |
Find out why Fools always follow the money.
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