On May 24, Red Robin Gourmet Burgers
- Revenue increased 24.5%, primarily due to higher restaurant sales, offset slightly by a 0.5% drop in comparable restaurant sales.
- Operating margin declined by 100 basis points as a result of higher restaurant operating and occupancy costs.
- For fiscal 2007, the company expects revenue to be $715 million to $735 million and net income of $1.75 to $1.85 per diluted share.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$212.3 |
$170.5 |
24.5% |
|
Net Profit |
$7.5 |
$7.4 |
1.5% |
|
EPS |
$0.44 |
$0.44 |
0.0% |
|
Diluted Shares |
16.8 |
16.7 |
0.4% |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
77.9% |
77.7% |
0.2 |
|
Operating Margin |
6.3% |
7.2% |
(1.0) |
|
Net Margin |
3.5% |
4.3% |
(0.8) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$7.1 |
$7.1 |
(0.3%) |
|
Accounts Rec. |
$3.7 |
$3.2 |
17.8% |
|
Inventory |
$8.6 |
$6.8 |
27.8% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$11.6 |
$6.8 |
70.6% |
|
Long-Term Debt |
$117.8 |
$58.5 |
101.5% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$26.3 |
$26.8 |
(1.8%) |
|
Capital Expenditures |
$27.7 |
$25.1 |
10.4% |
|
Free Cash Flow |
($1.5) |
$1.6 |
N/A |
Free cash flow is a Fool's best friend.
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