Einstein Noah Restaurant Group
Altman Z-Score, Trailing 12 Months: 2.3
Altman Z-Score, Last Fiscal Year: 2.1Einstein Noah Restaurant Group (BAGL) Einstein Noah improved its Z-Score since last fiscal year but remains in lukewarm territory below the safety zone. In its recent quarter, the bagel purveyor more than doubled its profits year-over-year but poor weather conditions led to 173 days of store closures, double the amount in the company's year-earlier period, negatively impacting sales. Einstein Noah's net earnings came in at $1.2 million, or 7 cents per share, up from $570,000, or 3 cents per share, a year ago. Revenue inched up 0.4% to $101.2 million, while same-store sales fell 0.8%. The results came up short of expectations for earnings of 12 cents per share on revenue of $103.5 million.