On April 24, restaurant operator Brinker International
- Revenues increased 2.8% as a 4.4% decrease in comparable restaurant sales offset a 7.9% increase in dining capacity.
- Margins spoiled this quarter, especially operating margin, because of increased labor costs and "facilities investments."
- The company repurchased 3.2 million shares during the quarter. It has spent $222.1 million buying back 7.7 million shares year to date.
- The company expects to open 80 to 90 new company-owned restaurants in the fiscal year 2008.
(Figures in millions, except per-share data)
Income Statement Highlights
Q3 2007 |
Q3 2006 |
Change |
|
---|---|---|---|
Sales |
$1,123.4 |
$1,092.8 |
2.8% |
Net Profit |
$54.6 |
$63.1 |
(13.6%) |
EPS |
$0.43 |
$0.48 |
(10.4%) |
Diluted Shares |
125.7 |
130.2 |
(3.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2007 |
Q3 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
71.7% |
71.9% |
(0.2) |
Operating Margin |
7.4% |
8.8% |
(1.4) |
Net Margin |
4.9% |
5.8% |
(0.9) |
Margins are the earnings engine. See how they work.
Balance Sheet HighlightsThe balance sheet data wasn't the best thing on the menu, but here's a taste of what the company provided.
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
---|---|---|---|
Current Assets |
$250.8 |
$234.9 |
6.8% |
Current Liabilities |
$551.5 |
$525.2 |
5% |
Long-Term Debt |
$593.4 |
$437.1 |
35.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2007 |
YTD 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$390.5 |
$390.9 |
(0.1%) |
Capital Expenditures |
$301.1 |
$253.6 |
18.7% |
Free Cash Flow |
$89.4 |
$137.3 |
(34.9%) |
Free cash flow is a Fool's best friend.
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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.