On May 10, Cosi
- The reporting requirement for stock-based compensation expenses cost Cosi $1.9 million this quarter. But back this out, and the company met earnings estimates.
- Comps growth stands at 5.3% -- still behind last year's pace, but ahead of last year's fourth quarter.
- Operating cash flow turned positive this quarter compared with last year and was positive for the third time in the past five quarters.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$30,030 |
$29,645 |
$27,205 |
9.0% |
|
Net Profit |
-- |
($3,928) |
($2,796) |
N/A |
|
EPS |
($0.05) |
($0.10) |
($0.09) |
N/A |
|
Diluted Shares |
37,813 |
31,200 |
21.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin** |
17.98% |
15.96% |
2.02 |
|
Operating Margin |
(14.46%) |
(10.51%) |
(3.96) |
|
Net Margin |
(13.25%) |
(10.28%) |
(2.98) |
**Includes food and beverage costs, labor costs, and occupancy costs
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $32,823 | $7,105 | 362% |
Accounts Rec. | $1,390 | $612 | 127.2% |
Inventory | $791 | $856 | (7.6%) |
Liabilities | Q1 2006 | Q1 2005 | Change |
|---|---|---|---|
Accounts Payable | $2,787 | $2,967 | (6.1%) |
Long-Term Debt | $100 | $270 | (63.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q1 2006 | Q1 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $235 | ($5,466) | N/A |
Capital Expenditures | $2,381 | $323 | 636.7% |
Free Cash Flow | ($2,146) | ($5,790) | N/A |
Find out why Fools always follow the money.
Related Companies:
- Panera Bread
(NASDAQ:PNRA) - Chipotle Mexican Grill
(NYSE:CMG) - Red Robin
(NASDAQ:RRGB) - Buffalo Wild Wings
(NASDAQ:BWLD)
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 checkFool.comfor more of our in-depth discussion of what the numbers mean.
Buffalo Wild Wings is aMotley Fool Hidden Gemsrecommendation. Join Tom Gardner as he sniffs out the market's best small caps -- try out Hidden Gems free for 30 days.
At the time of publication,Jim Muellerhad no position in any company mentioned. Fool rules arehere.
