On Nov. 9, Landry's Restaurants
- An increase in restaurant and hospitality revenues and the acquisition of the Golden Nugget led to a 31.5% increase in net sales.
- Gross margin improved by 350 bps. Unfortunately, the company couldn't make the improvement move down the income statement, as the operating margin fell.
- There's not much activity for Landry's in our new ratings service, CAPS. Only eight people have rated the stock. If you've got an opinion, get it in CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$290.4 |
$220.9 |
31.5% |
|
Net Profit* |
$3.4 |
$9.1 |
(62.9%) |
|
EPS |
$0.15 |
$0.42 |
(64.3%) |
|
Diluted Shares |
22.0 |
21.9 |
0.5% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
|---|---|---|---|
Gross Margin | 76.6% | 73.0% | 3.5 |
Operating Margin | 4.6% | 8.9% | (4.3) |
Net Margin | 1.2% | 4.1% | (3.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $23.2 | $47.9 | (51.6%) |
Accounts Rec. | $25.3 | $20.9 | 21.2% |
Inventory | $48.9 | $56.7 | (13.8%) |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $78.3 | $78.6 | (0.4%) |
Long-Term Debt | $860.4 | $814.1 | 5.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $110.0 | $124.7 | (11.8%) |
Capital Expenditures | $164.9 | $81.9 | 101.4% |
Free Cash Flow | ($54.9) | $42.8 | N/A |
Find out why Fools always follow the money.
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Related Foolishness:
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