Consolidated Highlights
• Consolidated revenues increased to $1,243.3 million in the 2006
fiscal year ($332.0 million in the 2006 fourth quarter) from $727.3
million in the 2005 fiscal year ($305.6 million in the 2005 fourth
quarter), primarily reflecting the full-period effect of the July
2005 acquisition of RTM Restaurant Group ('RTM'), the owner of 775
Arby's(R) restaurants as of the date of the acquisition, as well as
the impact of net additional stores and continued positive
systemwide same-store sales, which were up 3% in the 2006 fiscal
year (1% in the 2006 fourth quarter).
• Consolidated revenues were also positively impacted by increases
in the asset management and related fees of Deerfield & Company LLC
('Deerfield'). Deerfield's revenues increased to $88.0 million in
the 2006 fiscal year ($39.6 million in the 2006 fourth quarter)
from $65.3 million in the 2005 fiscal year ($27.4 million in the
2005 fourth quarter). This increase principally reflects asset
management and incentive fees from increased assets under
management, including new investment vehicles, and improved
performance in the 2006 periods.
To continue reading the full article, click here.
