This list was compiled by members and editors of TripAdvisor.
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Saturday, May 15, 2010
Jack in the Box Misses
Jack in the Box Inc. (JACK - Snapshot Report) posted fiscal 2010 second-quarter earnings of 32 cents per share recently. The company’s earnings came in behind both the Zacks Consensus Estimate of 40 cents per share as well as the year-ago result of 52 cents. The worse-than-expected result was primarily caused by sluggish sales and higher overheads.
San Diego-based Jack in the Box is a restaurant company that operates and franchises more than 2,200 Jack in the Box quick-service restaurants across 18 states. The company, through a wholly owned subsidiary, also operates and franchises Qdoba Mexican Grill fast-casual dining chain, with more than 500 restaurants in 43 states and the District of Columbia.
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San Diego-based Jack in the Box is a restaurant company that operates and franchises more than 2,200 Jack in the Box quick-service restaurants across 18 states. The company, through a wholly owned subsidiary, also operates and franchises Qdoba Mexican Grill fast-casual dining chain, with more than 500 restaurants in 43 states and the District of Columbia.
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Hooters Hotel loses $3.9 million, says bankruptcy still possible
The privately held Hooters hotel-casino in Las Vegas lost $3.9 million in the first quarter as revenue fell.
The loss was about even with the $4 million lost in the first quarter of 2009.
Net operating revenue of $11.3 million in the 2010 first quarter was down from $13.3 million in the year-ago quarter.
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The loss was about even with the $4 million lost in the first quarter of 2009.
Net operating revenue of $11.3 million in the 2010 first quarter was down from $13.3 million in the year-ago quarter.
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S. Fla. hotel occupancy continues to climb
Despite growing worry about the oil spill in the Gulf of Mexico impacting statewide tourism, occupancy at South Florida hotels rose again last week, according to Smith Travel Research.
For the week ended May 7, occupancy in Palm Beach County rose 13.7 percent, year-over-year. Occupancy in Broward County rose 7.8 percent. Occupancy in Miami-Dade rose 5.2 percent. Occupancy across the U.S. rose 6.4 percent.
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For the week ended May 7, occupancy in Palm Beach County rose 13.7 percent, year-over-year. Occupancy in Broward County rose 7.8 percent. Occupancy in Miami-Dade rose 5.2 percent. Occupancy across the U.S. rose 6.4 percent.
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Sonesta International Hotels Corp. Reports Operating Results
Business levels at the Company s owned and leased hotels improved during the first quarter of 2010 compared to the same quarter in 2009. Operating losses at Royal Sonesta Hotel Boston decreased from $1,513,000 in the first quarter of 2009 to $1,405,000 in the 2010 first quarter, a decrease of $108,000. Royal Sonesta New Orleans recorded operating income of $1,137,000 in the 2010 first quarter compared to $199,000 last year, representing an increase of $938,000. This increase was the result of a 12% revenue increase, and lower rent expense. Operating losses from management activities decreased by $270,000 to $883,000 in the 2010 first quarter, due to increased management income from the Company s hotels and ships in Egypt as well as increased franchise income. Interest expense decreased following the refinancing of the mortgage loan secured by Royal Sonesta Hotel Boston in February 2010. A detailed analysis of the revenues and income by location follows.
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