Wednesday, April 29, 2009

QE2 Luxury Hotel Conversion Plans Stall

Another sign of torubles in Dubai

Another Dumb Move at Starbucks?

Moody's cuts Wyndham ratings to junk, outlook stable

AMERISTAR CASINOS REPORTS FIRST QUARTER 2009 RESULTS

􀂐 Achieved Record Quarterly Adjusted EBITDA ($95.8 Million) and
Adjusted EPS ($0.52)
􀂐 19.6 Percent Improvement in Adjusted EBITDA and 73.3 Percent
Improvement in Adjusted EPS Year Over Year
􀂐 All Properties Improved Adjusted EBITDA Margins Year Over Year
􀂐 Amended Credit Agreement Enhances Financial Flexibility and
Should Ensure Covenant Compliance Through at Least November
2010

Here is the Presentation
http://www.ameristar.com/corp/Presentation.asp

America's Hottest Sector: Casual Dining Restaurants.

Panera Bread first quarter earnings

Panera Bread Reports Q1 EPS of $0.57, up 39% over Q1 2008
HIGHLIGHTS
- Q1 2009 operating profit up 36% over Q1 2008
- Comparable system-wide bakery-cafe sales increased 0.7% in Q1 2009
- Q1 2009 Company-owned new unit AWS of $41,922
- Q2 2009 EPS target set at $0.62 to $0.66 (up 19% to 27% versus Q2 2008)
- FY 2009 EPS target re-affirmed at $2.55 to $2.71 (up 15% to 22% versus FY 2008)

STR Global posts March 2009 results for Asia/Pacific region

STR releases updated projections for 2009 and 2010

STR Global posts March 2009 results for Europe

STR Global posts Middle East/Africa March 2009 results

STR Global posts Americas performance results for March 2009

Buffalo Wild Wings, Inc. Announces First Quarter 2009 Results

Hotel Lawyers: Swine Flu's legal implications

Wyndham Worldwide Reports First Quarter 2009 Results

PARSIPPANY, N.J. 04-29-2009 —
Wyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended March 31, 2009.
HIGHLIGHTS:
First quarter 2009 adjusted net income was $74 million, or $0.41 diluted earnings per share (EPS), compared with adjusted net income of $62 million, or $0.35 diluted EPS, for the first quarter of 2008.
First quarter 2009 net cash from operating activities was approximately $210 million, compared with $87 million in the first quarter of 2008. The remaining borrowing capacity on the Company's revolving credit facility increased to approximately $355 million compared with approximately $290 million as of December 31, 2008.

Financial Tables
http://www.wyndhamworldwide.com/docs/WYN1Q09FinancialTables.xls

Burger King Posts Profit, Cuts Outlook

Burger King Holdings, Inc. Reports Third Quarter Fiscal 2009 Results

MIAMI--(BUSINESS WIRE)--Apr. 29, 2009-- Burger King Holdings, Inc. (NYSE:BKC):
Highlights:
21st consecutive quarter of worldwide positive comparable sales; up 1.0% despite a 1 point negative calendar shift as 3Q F’08 included an extra day due to leap year.
20th consecutive quarter of U.S. and Canada positive comparable sales, up 1.6% despite a 1 point negative calendar shift as 3Q F’08 included an extra day due to leap year.
Trailing twelve-month net restaurant count increased by 355; on target to meet annual development guidance – among the highest growth rates in the industry.