Thursday, May 14, 2009
Choice Hotels Reports First Quarter 2009 Diluted EPS of $0.27, Domestic Unit Growth of 5.7%
SILVER SPRING, Md., April 30 /PRNewswire-FirstCall/ -- Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for first quarter 2009: -- Diluted earnings per share ("EPS") for first quarter 2009 were $0.27,
compared to $0.29 for the same period of the prior year.
-- Earnings before interest, taxes and depreciation ("EBITDA") were $29.9
million for the three months ended March 31, 2009, compared to $36.1
million for the same period of 2008. Operating income for the three
months ended March 31, 2009 was $27.8 million compared to $34.1
million for the same period of 2008.
-- Domestic unit and room growth increased 5.7 percent and 5.6 percent,
respectively, from March 31, 2008.
-- Domestic system-wide revenue per available room ("RevPAR") declined
10.3% for the first quarter of 2009 compared to the same period of
2008.
-- The effective royalty rate increased 8 basis points to 4.26% for the
three months ended March 31, 2009 compared to 4.18% for the same
period of the prior year.
-- Franchising revenues declined 14% from $59.4 million for the three
months ended March 31, 2008 compared to $51.0 million for the same
period of 2009. Total revenues for the three months ended March 31,
2009 declined 11% compared to the same period of 2008.
-- New domestic hotel franchise contracts for the three months ended
March 31, 2009 declined to 60 compared to 133 contracts executed in
the same period of the prior year.
-- The number of domestic hotels under construction, awaiting conversion
or approved for development declined 9% from March 31, 2008 to 896
hotels representing 70,381 rooms; the worldwide pipeline declined 7%
from March 31, 2008 to 1,007 hotels representing 79,495 rooms.
(click on link to read more)
compared to $0.29 for the same period of the prior year.
-- Earnings before interest, taxes and depreciation ("EBITDA") were $29.9
million for the three months ended March 31, 2009, compared to $36.1
million for the same period of 2008. Operating income for the three
months ended March 31, 2009 was $27.8 million compared to $34.1
million for the same period of 2008.
-- Domestic unit and room growth increased 5.7 percent and 5.6 percent,
respectively, from March 31, 2008.
-- Domestic system-wide revenue per available room ("RevPAR") declined
10.3% for the first quarter of 2009 compared to the same period of
2008.
-- The effective royalty rate increased 8 basis points to 4.26% for the
three months ended March 31, 2009 compared to 4.18% for the same
period of the prior year.
-- Franchising revenues declined 14% from $59.4 million for the three
months ended March 31, 2008 compared to $51.0 million for the same
period of 2009. Total revenues for the three months ended March 31,
2009 declined 11% compared to the same period of 2008.
-- New domestic hotel franchise contracts for the three months ended
March 31, 2009 declined to 60 compared to 133 contracts executed in
the same period of the prior year.
-- The number of domestic hotels under construction, awaiting conversion
or approved for development declined 9% from March 31, 2008 to 896
hotels representing 70,381 rooms; the worldwide pipeline declined 7%
from March 31, 2008 to 1,007 hotels representing 79,495 rooms.
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J. ALEXANDER’S CORPORATION REPORTS RESULTS
J. Alexander's Corporation is a publicly owned corporation whose stock trades on the NASDAQ Stock Market (symbol JAX). J. Alexander's is the vision of a group of people who have a desire to provide the casual dining restaurant guest with a higher quality dining experience and outstanding professional service. Our concept is uniquely positioned between the heavily themed casual dining restaurants and the fine dining white tablecloth dinnerhouses. The company serves American-style food with a contemporary twist, taking advantage of our rich multi-cultural heritage in the development of items for our classic American menu.
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Sol Melia announces first quarter results
Actual first quater figures
http://inversores.solmelia.com/en/show_annex.html?id=2484
Here is a presentation that they did
http://inversores.solmelia.com/en/show_annex.html?id=2475
http://inversores.solmelia.com/en/show_annex.html?id=2484
Here is a presentation that they did
http://inversores.solmelia.com/en/show_annex.html?id=2475
Real Mex Restaurants, Inc. Files 1st Quarter 2009 10-Q
CYPRESS, Calif.--(BUSINESS WIRE)--Real Mex Restaurants, Inc. filed its 2009 Form 10-Q for the first quarterly period ended March 29, 2009 on Tuesday, May 12, 2009. The results indicate that total revenues decreased $9.1 million or 6.6% in the first quarter of 2009, to $128.5 million, from the first quarter 2008. Operating Income before depreciation and amortization was unchanged comparing the first quarter of 2009 and 2008 at $8.3 million. Comparable store sales decreased 9.1% in the first quarter of 2009.
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Norwegian Cruise Line Reports Results for First Quarter 2009
MIAMI--(BUSINESS WIRE)--Norwegian Cruise Line (the “Company”) reported an EBITDA improvement for the three months ended March 31, 2009 of 46.3% to $50.9 million versus $34.8 million for the same period in 2008. Net income rose to $5.2 million in 2009 versus a net loss of $145.0 million in 2008. These increases in profitability came despite a decrease in Net Revenues for the first quarter of 15.5%. Net Revenues decreased primarily due to a 7.9% decrease in Net Yields and an 8.3% decrease in Capacity Days. The decrease in Net Yields resulted mainly from weakness in passenger ticket pricing offset by an increase in Net Yields pertaining to onboard and other revenues. The decrease in Capacity Days resulted from the departure of Marco Polo and Norwegian Dream from the Company’s fleet in March and November of 2008, respectively. Occupancy Percentage for the first quarter of 2009 was 106.9% compared to 106.4% in the first quarter of 2008, and is the highest for a first quarter since the introduction of the Company’s first modern, purpose-built Freestyle Cruising ship slightly less than ten years ago.
(to read more lcick on link)
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Station Casinos Announces First Quarter Results
LAS VEGAS--(BUSINESS WIRE)--Station Casinos, Inc. ("Station" or the "Company") today announced the results of its operations for the first quarter ended March 31, 2009.
Results of Operations
The Company's net revenues for the first quarter ending March 31, 2009, were approximately $282.7 million, a decrease of 20% compared to the prior year's first quarter. The Company reported Adjusted EBITDA for the quarter of $98.0 million, a decrease of 28% compared to the prior year's first quarter. For the first quarter, the Company reported a net loss of $33.7 million as compared to a net loss of $70.9 million in the prior year’s first quarter.
.(to read more click on link)
Results of Operations
The Company's net revenues for the first quarter ending March 31, 2009, were approximately $282.7 million, a decrease of 20% compared to the prior year's first quarter. The Company reported Adjusted EBITDA for the quarter of $98.0 million, a decrease of 28% compared to the prior year's first quarter. For the first quarter, the Company reported a net loss of $33.7 million as compared to a net loss of $70.9 million in the prior year’s first quarter.
.(to read more click on link)
Rubio's(r) Restaurants, Inc. Reports 2009 First Quarter Results
CARLSBAD, Calif., May 13, 2009 (GLOBE NEWSWIRE) -- Rubio's(r) Restaurants, Inc. (Nasdaq:RUBO) today announced financial results for the 13-week first quarter ended March 29, 2009.
First Quarter Results
Revenues rose 9.9% to $46.3 million from $42.2 million for the 13- week quarter in 2008.
Comparable store sales increased 1.9%, versus a comparable store sales decrease of 3.3% for the same quarter last year. The impact of increased average check more than offset a decline in customer visits.
Net income was $245,000 as compared to a net loss of $(745,000) for the same quarter last year.
Earnings per share was $0.02 per share as compared to a loss per share of $(0.07) for the same quarter last year.
Restaurant operating margins (see definition below) were 15.7% as compared to 13.7% for the same quarter last year. As a percentage of restaurant sales, restaurant labor remained consistent, while cost of sales decreased by 230 basis points and restaurant occupancy and other costs rose by 20 basis points.
Pre-opening expense decreased to $171,000 as compared to $219,000 for the same quarter last year. We opened 5 restaurants by early May of this year as compared to 7 by the same time last year.
General and administrative expenses were $4.1 million in the first quarter of 2009 compared to $4.6 million in the first quarter of 2008. Lower wages and wage-related expense due to our restructuring in Q1 of last year, lower non-cash stock compensation expenses and a reduction in costs associated with cancelled development deals were the primary drivers behind the improvement.
Adjusted EBITDA (see table below) increased 134.8% to $3.2 million from $1.4 million for the same quarter last year, driven by a $1.7 million increase in operating income.
Average unit volumes for the trailing 52 weeks were $1,008,000 as compared to $1,026,000 for the same quarter last year.
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First Quarter Results
Revenues rose 9.9% to $46.3 million from $42.2 million for the 13- week quarter in 2008.
Comparable store sales increased 1.9%, versus a comparable store sales decrease of 3.3% for the same quarter last year. The impact of increased average check more than offset a decline in customer visits.
Net income was $245,000 as compared to a net loss of $(745,000) for the same quarter last year.
Earnings per share was $0.02 per share as compared to a loss per share of $(0.07) for the same quarter last year.
Restaurant operating margins (see definition below) were 15.7% as compared to 13.7% for the same quarter last year. As a percentage of restaurant sales, restaurant labor remained consistent, while cost of sales decreased by 230 basis points and restaurant occupancy and other costs rose by 20 basis points.
Pre-opening expense decreased to $171,000 as compared to $219,000 for the same quarter last year. We opened 5 restaurants by early May of this year as compared to 7 by the same time last year.
General and administrative expenses were $4.1 million in the first quarter of 2009 compared to $4.6 million in the first quarter of 2008. Lower wages and wage-related expense due to our restructuring in Q1 of last year, lower non-cash stock compensation expenses and a reduction in costs associated with cancelled development deals were the primary drivers behind the improvement.
Adjusted EBITDA (see table below) increased 134.8% to $3.2 million from $1.4 million for the same quarter last year, driven by a $1.7 million increase in operating income.
Average unit volumes for the trailing 52 weeks were $1,008,000 as compared to $1,026,000 for the same quarter last year.
(click on link to read more)
THE HONGKONG AND SHANGHAI HOTELS, LIMITED
About HSH
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
Incorporated in 1866 and listed on the Hong Kong Stock Exchange (00045), The Hongkong
and Shanghai Hotels, Limited is a holding company whose subsidiaries and jointly controlled
entity are engaged in the ownership and management of prestigious hotel, commercial and
residential properties in key destinations in Asia and the USA. The hotel portfolio of the
Group comprises The Peninsula Hong Kong, The Peninsula New York, The Peninsula
Chicago, The Peninsula Beverly Hills, The Peninsula Tokyo, The Peninsula Bangkok,
The Peninsula Beijing, The Peninsula Manila, The Peninsula Shanghai (opening 2009), and
Quail Lodge Resort and Golf Club in Carmel, California. The property portfolio of the Group
includes The Repulse Bay Complex, The Peak Tower and The Peak Tramways, St. John’s
Building, The Landmark in Ho Chi Minh City, Vietnam and the Thai Country Club in
Bangkok, Thailand.
Additional information
http://www.hshgroup.com/uploadedfiles/Investor_Relations/Quarterly_Operating_Statistics/pdf/Quarterly%20Statistics%202009-Q1%20(Eng)_website.pdf
Jack in the Box Inc. Reports Second Quarter FY 2009 Earnings and Updates FY 2009 Guidance
SAN DIEGO--(BUSINESS WIRE)--May. 13, 2009-- Jack in the Box Inc. (NASDAQ:JACK) today reported earnings from continuing operations of $29.6 million, or 51 cents per diluted share, for the second quarter ended April 12, 2009, compared with earnings from continuing operations of $26.3 million, or 44 cents per diluted share, for the second quarter of fiscal 2008. As previously announced, in September 2008 the company’s board of directors approved plans to sell its Quick Stuff® convenience stores. The results of operations for Quick Stuff are included in discontinued operations in the accompanying consolidated statements of earnings for all periods presented.
(for more click on link)
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