Wednesday, May 27, 2009

Occupancy In U.S. Falls to 56.4% In April

Burger King Launches iPhone App

I am SO glad that I have an IPhone! ! !

Starwood Downgraded to a Sell

InterContinental Hotels CFO Sees Slow Recovery

Canadians united in love of Tim Hortons

This does nto have much to do about accounting or finance. But TIM HORTONS is the best

Bid to make pubs tourist information centres

This is a great article. Make Pubs a tourist information center! Have you walked around London? There are millions of Pubs. Well maybe not since last year; lets say THOUSANDS of pubs.... and they will all be Tourist information centres.

OK. This is good

AFC (Popeyes) Reports Financial Results For First Quarter 2009

Carluccio’s terminates talks with mystery bidder

World Hotel Group Ranking 2009

The Marriott Berlin Charges $530 For WiFi Access

Jack in the Box details refranchising deals

Garfield’s parent files for bankruptcy

Red Robin profit slashed in 1Q

Few willing sellers in the European hotel market

Hotel Hubris: Rich and famous turn out to opening of most expensive hotel in Europe

CKE Restaurants, Inc. Reports Period Four and First Fiscal Quarter Same-Store Sales and Gives Guidance on Restaurant Operating Costs

Kona Grill suitor says chain lacks future growth capital

McDonald's to expand McCafe stores in Europe

Hotel Plaza Limited Renames to Pan Pacific Hotels Group

Cracker Barrel Old Country Store, Inc. Reports EPS of $0.52 for Fiscal 2009 Third-Quarter

LEBANON, Tenn., May 27, 2009 (BUSINESS WIRE) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL):
Fully diluted income per share from continuing operations was $0.52 for the third quarter of fiscal 2009 compared with $0.46 in the prior-year quarter
Revenue for the third quarter increased 0.1% to $567.6 million compared with the prior-year quarter
Comparable store restaurant sales for the quarter decreased 0.9% from the prior-year quarter while comparable store retail sales decreased 7.4%
Operating income margin from continuing operations in the quarter was 5.1% of total revenue compared with 4.9% in the prior-year quarter
Letter of Intent on sale-leaseback of 15 stores and contract on sale-leaseback of retail distribution center
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel," or the "Company") (Nasdaq: CBRL) today reported income from continuing operations of $0.52 per diluted share for the third quarter of fiscal 2009, compared with $0.46 per diluted share from continuing operations in the third quarter of fiscal 2008. Income from continuing operations was $11.9 million compared with $10.5 million in the third quarter of fiscal 2008, which reflects this year's higher operating income and lower interest expense partially offset by a higher tax rate.

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