Domino's Rings the Bell: Fool by Numbers
By Motley Fool Contributors
May 3, 2007
On May 2, Domino's Pizza (NYSE: DPZ) released first-quarter earnings for the period ended March 25.
- Recapitalization costs took a toll on earnings, as they dropped 67.9% from the 2006 first quarter.
- While management is still working on improving domestic sales, same-store sales fell 2.9%.
- The company declared a special dividend of $13.5 per share during the quarter.
-
Motley Fool CAPS investors seem bearish on the pizza industry; they rate Domino's a lonely one-star stock. Competitor Papa John's (Nasdaq: PZZA) comes in at two stars.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007
|
Q1 2006
|
Change
|
|
Sales
|
$339.3
|
$347.7
|
(2.4%)
|
|
Net Profit
|
$8.4
|
$26.2
|
(67.9%)
|
|
EPS
|
$0.13
|
$0.39
|
(66.7%)
|
|
Diluted Shares
|
64.1
|
67.7
|
(5.3%)
|
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007
|
Q1 2006
|
Change*
|
|
Gross Margin
|
26.8%
|
27.1%
|
(0.3)
|
|
Operating Margin
|
15.0%
|
15.5%
|
(0.6)
|
|
Net Margin
|
2.5%
|
7.5%
|
(5.1)
|
*Expressed in percentage points.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets
|
Q1 2007
|
Q1 2006
|
Change
|
|
Cash + ST Invest.
|
$67.1
|
$16.4
|
309.9%
|
|
Accounts Rec.
|
$63.0
|
$70.7
|
(10.9%)
|
|
Inventory
|
$21.3
|
$19.7
|
7.9%
|
|
Liabilities
|
Q1 2007
|
Q1 2006
|
Change
|
|
Accounts Payable
|
$55.2
|
$51.0
|
8.2%
|
|
Long-Term Debt
|
$785.1
|
$800.9
|
(2.0%)
|
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007
|
Q1 2006
|
Change
|
|
Cash From Ops.
|
$6.9
|
$28.7
|
(75.9%)
|
|
Capital Expenditures
|
$3.6
|
$4.2
|
(14.3%)
|
|
Free Cash Flow
|
$3.3
|
$24.5
|
(86.4%)
|
Free cash flow is a Fool's best friend
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 check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
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