On April 23, Diedrich Coffee (NASDAQ:DDRX) released third-quarter earnings for the period ended March 31.
- Revenues increased by 19.8% to $8.6 million, with the wholesale segment growing 35%, offset by decreases in the other two segments.
- Net income rose sharply, thanks to a $5.9 million gain from the sale of discontinued operations.
- The company has completed the transfer of 30 company-operated stores to Starbucks (NASDAQ:SBUX) for almost $13 million.
- While Diedrich Coffee's doesn't meet the market-cap minimum in Motley Fool CAPS, our interactive stock database, coffee retailers Caribou Coffee (NASDAQ:CBOU) and Starbucks have earned one-star and two-star ratings, respectively.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change | |
|---|---|---|---|
|
Sales |
$8,566 |
$7,148 |
19.8% |
|
Earnings from Cont. Ops. |
$197 |
($1,129) |
N/A |
|
EPS |
$0.04 |
($0.21) |
N/A |
|
Diluted Shares |
5,500 |
5,303 |
3.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
34.6% |
38.5% |
(3.9) |
|
Operating Margin |
(12.5%) |
(18.9%) |
6.4 |
|
Net Margin |
2.3% |
(15.8%) |
18.1 |
Margins are the earnings engine. See how they work.
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$9,667 |
$4,286 |
125.5% |
|
Accounts Rec. |
$4,320 |
$3,527 |
22.5% |
|
Inventory |
$2,969 |
$3,163 |
(6.1%) |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,659 |
$3,613 |
(26.4%) |
|
Long-Term Debt |
N/A |
N/A |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
*Cash From Ops. |
($1,400) |
($2,495) |
N/A |
|
Capital Expenditures |
($1,005) |
($1,436) |
N/A |
|
Free Cash Flow |
($395) |
($1,059) |
N/A |
Related Foolishness:
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