On Aug. 16, Red Robin Gourmet Burgers
- In the second quarter, Red Robin cooked up sales of $178.6 million, an increase of 31.5%.
- Earnings dropped 31.5% to $4.9 million, while per-share earnings fell to $0.29.
- The company reduced its forecast for the full year to a range of $1.65 to $1.76 per share, including expenses, but its board expects Red Robin to regain flight, authorizing a $50 million share repurchase.
- Red Robin earns a three-star rating (out of a possible five) over at Motley Fool CAPS. Head on over to the CAPS community and offer your own opinion.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$178.6 |
$135.9 |
31.5% |
|
Net Profit |
$4.9 |
$7.2 |
(31.5%) |
|
EPS |
$0.29 |
$0.43 |
(32.6%) |
|
Diluted Shares |
16.8 |
16.7 |
0.5% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
77.2% |
78.1% |
(0.9) |
|
Operating Margin |
5.0% |
8.6% |
(3.6) |
|
Net Margin |
2.8% |
5.3% |
(2.5) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$16.6 |
$5.6 |
195.3% |
|
Accounts Rec. |
$6.0 |
$3.0 |
102.1% |
|
Inventory |
$10.0 |
$7.0 |
43.2% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$11.0 |
$5.7 |
94.8% |
|
Long-Term Debt |
$151.2 |
$64.3 |
135.3% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash from Ops. |
$53.3 |
$42.5 |
25.4% |
|
Capital Expenditures |
$46.1 |
$47.7 |
(3.4%) |
|
Free Cash Flow |
$7.2 |
($5.2) |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
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.
At the time of publication, Fool contributor Mike Cianciolo held no position in Red Robin. The Fool has a disclosure policy.
