In this key investor’s guide, you’ll read about the history of NIKE, including details of operations and an analysis of its financials.
As of November 2014, Tim Hortons’ (THI) year-to-date (or YTD) returns were 54.3%. The S&P 500 had returns of 10.9%. The restaurant industry had returns of 9.1%.
Tim Hortons (THI) reported its earnings before the market opened on November 5. Shares started trading at $80.59. This was flat from the previous day’s closing of $80.57.
Tim Hortons (THI) increased its year-over-year (or YoY) dividend by 16%. The company had a year-to-date (or YTD) cash flow from operations of $202 million.
THI had an effective tax rate of 34% in the third quarter. Its tax rate increased from 28.3% in the same quarter last year. The increase was due to the company’s favorable tax impact last year.
Cost of sales was THI’s biggest cost of operations. Cost of sales increased 3.7%—from $483 million to $501 million YoY. It included distribution costs.
Canada is THI’s main segment. It accounts for 82% of THI’s revenues. It reported $688 million in revenues in 3Q14—this is 5.6% growth year-over-year (or YoY).
Besides product development and menu innovation, a restaurant can also boost its sales by growing units and penetrating deeper into the markets. THI added 44 new restaurant units during the 3Q.
THI launched a new mobile application. Restaurants across North America have bar code scanners. Customers can use the TimmyMe app to pay for their orders.
THI’s same-store sales increased 6.8% in the US. Its same-store sales in Canada grew 3.5%. The same-store sales growth in Canada was a result of the company ‘s new product launches.
THI’s same-store sales in the US were driven by higher average unit volume from the breakfast daypart. The breakfast daypart increased customer traffic during non-peak hours.
THI’s second quarter earnings were released on November 5. It reported a diluted earnings per share (or EPS) of $0.68—compared to an EPS of $0.72 in the same quarter last year.
Stephen A. Wynn, Wynn Resorts’ chairman and CEO, and Elaine P. Wynn, a director of Wynn Resorts, hold 9.9% and 9.5% stake, respectively, thereby placing them in the top three shareholders of Wynn Resorts.
Strong management is the backbone of a successful organization. Wynn Resorts’ (WYNN) senior executive team has an average of more than 25 years of experience in the hotel and gaming…
Wynn Resorts (WYNN) has entered into floating-for-fixed interest rate swap arrangements in order to manage interest rate risks related to certain of its debt facilities.
Wynn Resorts’ (WYNN) return on capital employed (or ROCE) has been greater than its weighted average cost of capital (or WACC) over the last three years.
A high debt-to-equity ratio generally means that a company has been aggressively financing its growth with debt. This could negatively impact earnings as a result of the additional interest expense.
Wynn Resorts’ strength in meeting its short-term obligations has improved. The increase was mainly attributable to a decrease in accounts payable and gaming taxes payable and an increase in cash and cash equivalents during the nine months ended September 30, 2014.
During the years ended December 31, 2013, 2012, 2011, 2010, and 2009, Wynn Resorts paid cash dividends totaling $7.00, $9.50, $6.50, $8.50, and $4.00 per share, respectively.
Wynn Resorts was exempted from Macau’s 12% complementary tax on casino gaming profits taxes for the years ended December 31, 2013, 2012, and 2011. For 2014 year-to-date, Wynn Resorts was exempted from the payment of such taxes totaling $80.4 million.