On Oct. 26, Denny's
- Revenues increased 3.8% because of a 4.2% increase in company-owned same-store sales.
- The company booked a $39 million gain from asset sales, driving the big increase in profitability.
- Without the effect of the asset sales, operating margin improved an impressive 275 basis points because of higher gross margin.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$252 |
$258 |
$249 |
3.8% |
|
Net Profit |
-- |
$26 |
($3) |
N/A |
|
EPS |
$0.01 |
$0.26 |
($0.04) |
N/A |
|
Diluted Shares |
-- |
96 |
91 |
5.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
19.03% |
16.07% |
2.96 |
|
Operating Margin** |
6.43% |
3.68% |
2.75 |
|
Net Margin |
9.88% |
(1.38%) |
11.26 |
**Excludes gain on sale of assets.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$26 |
$28 |
(6.4%) |
|
Assets Held for Sale |
$7 |
$0 |
n/a |
|
Inventory |
$26 |
$8 |
239.5% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$120 |
$36 |
233.1% |
|
Long-Term Debt |
$470 |
$550 |
(14.6%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement got stuck in the oven. We'll have a wait for the 10-Q to sample the delights.
Find out why Fools always follow the money.
Related Companies:
-
Applebee's
(NASDAQ:APPB) -
IHOP
(NYSE:IHP) -
Wendy's
(NYSE:WEN)
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