On April 11, Ruby Tuesday
- The 11.6% rise in revenues was driven primarily by new restaurant growth and yet another upsurge in average restaurant volumes.
- The net profit decreased by 5.1% -- you can thank a $5.8 million lease-related pre-tax charge for Specialty Restaurant Group for that -- dropping EPS by $0.06 per diluted share.
- The company expects same-restaurant sales at company-owned stores to increase 0%-2%, and diluted earnings per share to grow 7%-15%, in fiscal 2008.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$377.9 |
$338.6 |
11.6% |
|
Net Profit |
$28.7 |
$30.2 |
(5.1%) |
|
EPS |
$0.49 |
$0.51 |
(3.9%) |
|
Diluted Shares |
58.6 |
59.3 |
(1.2%) |
Get back to basics with the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
73.1% |
73.7% |
(0.6) |
|
Operating Margin |
12.2% |
14.5% |
(2.3) |
|
Net Margin |
7.6% |
8.9% |
(1.3) |
**Excludes franchise revenues
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7.8 |
$9.8 |
(20.4%) |
|
Accounts Rec. |
$9.7 |
$12.4 |
(22.1%) |
|
Inventory |
$19.6 |
$17.4 |
12.6% |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$45.1 |
$38.8 |
16.3% |
|
*Long-Term Debt |
$410.5 |
$367.3 |
11.7% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$151.4 |
$134.0 |
12.9% |
|
Capital Expenditures |
$98.6 |
$130.6 |
(24.5%) |
|
Free Cash Flow |
$52.8 |
$3.4 |
1447.9% |
Free cash flow is a Fool's best friend.
Related Foolishness:
- Foolish Forecast: Ruby Tuesday Reports on Tuesday
- Foolish Forecast: No Goodbye to Ruby Tuesday
- Will Friday's New Size Fit?
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
