On Nov. 2, Red Robin Gourmet Burgers
- Same-store sales grew 0.8% due to a 1.4% increase in the average guest check offset by a 0.6% decrease in guest counts.
- Net profit declined by 7.3% to $6 million, mainly due to an increase in restaurant operating costs and store pre-opening costs.
- Free cash flow decreased to negative $13 million due to a rise in capital spending partially offset by a rise in the cash from operations.
- To fund its expansion, Red Robin continues to take on debt, which increased to $103 million at the end of this quarter.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
---|---|---|---|---|
Sales |
$148 |
$149 |
$114 |
30.1% |
Net Profit* |
-- |
$6 |
$6 |
(7.3%) |
EPS |
$0.43 |
$0.36 |
$0.39 |
(7.7%) |
Diluted Shares |
-- |
17 |
17 |
0.4% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 |
Q3 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
77.97% |
77.83% |
0.14 |
Operating Margin |
6.92% |
9.11% |
(2.19) |
Net Margin |
4.03% |
5.66% |
(1.63) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$4 |
$3 |
30.7% |
Accounts Rec. |
$3 |
$3 |
(19.5%) |
Inventory |
$8 |
$5 |
46.2% |
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
---|---|---|---|
Accounts Payable |
$7 |
$16 |
(56.9%) |
Long-Term Debt |
$103 |
$14 |
660.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$60 |
$52 |
15.2% |
Capital Expenditures |
$73 |
$61 |
19.5% |
Free Cash Flow |
($13) |
($9) |
N/A |
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Related Foolishness:
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