On Feb. 23, Domino's Pizza
- Revenue decreased 4.8% on account of lower domestic and international sales and increased competition from companies like Papa John's
(NASDAQ:PZZA) . - The company announced a recapitalization plan comprised of purchasing approximately 13.85 million shares of common stock, all of its outstanding senior subordinated notes due on 2011, and repaying all outstanding borrowings under the senior credit facility.
- The company will discontinue its regular quarterly dividends as it anticipates the payment of a special cash dividend in connection with its recapitalization plan.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$435.3 |
$457.4 |
(4.8%) |
|
Net Profit |
$31.0 |
$40.2 |
(22.8%) |
|
EPS |
$0.49 |
$0.59 |
(16.9%) |
|
Diluted Shares |
63.7 |
68.3 |
(6.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
26.6% |
25.7% |
0.9 |
|
Operating Margin |
14.5% |
12.8% |
1.8 |
|
Net Margin |
7.1% |
8.8% |
(1.7) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$38.2 |
$66.9 |
(42.9%) |
|
Accounts Rec. |
$65.7 |
$74.4 |
(11.7%) |
|
Inventory |
$22.8 |
$24.2 |
(5.9%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$55.0 |
$60.3 |
(8.8%) |
|
Long-Term Debt |
$740.1 |
$702.4 |
5.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$133.0 |
$141.2 |
(5.8%) |
|
Capital Expenditures |
$20.2 |
$28.7 |
(29.6%) |
|
Free Cash Flow |
$112.8 |
$112.5 |
0.3% |
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