Einstein Noah Restaurant Group (Nasdaq: BAGL) reported earnings on Feb. 28. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 1 (Q4), Einstein Noah Restaurant Group met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank. Non-GAAP earnings per share dropped. GAAP earnings per share contracted significantly.
Gross margins grew, operating margins contracted, net margins contracted.
Revenue details
Einstein Noah Restaurant Group recorded revenue of $110.6 million. The six analysts polled by S&P Capital IQ expected a top line of $111.3 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.34. The six earnings estimates compiled by S&P Capital IQ averaged $0.34 per share. Non-GAAP EPS of $0.34 for Q4 were 13% lower than the prior-year quarter's $0.39 per share. GAAP EPS of $0.18 for Q4 were 50% lower than the prior-year quarter's $0.36 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
Margin details
For the quarter, gross margin was 32.3%, 770 basis points better than the prior-year quarter. Operating margin was 8.4%, 80 basis points worse than the prior-year quarter. Net margin was 2.9%, 240 basis points worse than the prior-year quarter.
Looking ahead
Next quarter's average estimate for revenue is $108.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $448.1 million. The average EPS estimate is $1.04.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 101 members out of 121 rating the stock outperform, and 20 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 41 give Einstein Noah Restaurant Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Einstein Noah Restaurant Group is outperform, with an average price target of $18.83.
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