Net revenue for the third quarter of 2009 was $1.14 billion, an increase of 3.2% compared to $1.11 billion in the third quarter of 2008. Consolidated adjusted property EBITDAR in the third quarter of 2009 increased 11.7% to $272.3 million, compared to $243.8 million in the year-ago quarter.
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Friday, October 30, 2009
Las Vegas Sands gets approval for Hong Kong IPO
HONG KONG—U.S. gambling giant Las Vegas Sands Corp. has won approval from Hong Kong's stock exchange to list shares of the company's Macau casino business, a person familiar with the listing said Friday
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Tim Hortons Inc. Announces 2009 Third Quarter Results
Highlights
•Same-store sales increased 3.1% in Canada and 4.3% in the U.S.
•Quarterly results incorporate costs and discrete tax item impacts arising from the Canadian public company reorganization
•Operating income increased 5.4% to $129.2 million
•Adjusted operating income(1), which excludes impact of the public company reorganization, was up 8.0%
Link to Financial Statements
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•Same-store sales increased 3.1% in Canada and 4.3% in the U.S.
•Quarterly results incorporate costs and discrete tax item impacts arising from the Canadian public company reorganization
•Operating income increased 5.4% to $129.2 million
•Adjusted operating income(1), which excludes impact of the public company reorganization, was up 8.0%
Link to Financial Statements
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CEC Entertainment Reports Financial Results for the Third Quarter of Fiscal 2009
IRVING, Texas--(BUSINESS WIRE)--Oct. 29, 2009-- CEC Entertainment, Inc. (NYSE: CEC) today reported net earnings of $12.7 million for the third quarter ended September 27, 2009, compared to net earnings of $9.9 million in the third quarter of 2008. Diluted earnings per share increased to $0.55 for the third quarter of 2009, compared to $0.43 in the third quarter of 2008. The increase in diluted earnings per share between the two quarters was impacted by our repurchase of approximately 1.1 million shares of our common stock since the beginning of the third quarter of 2008. Total quarterly revenues decreased 2.0% to $197.8 million during the third quarter of 2009 from total quarterly revenues of $201.9 million in the third quarter of 2008. Comparable store sales for the third quarter of 2009 declined 3.1%
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Denny's Corporation Reports Results for the Third Quarter 2009
Third Quarter Highlights
Opened nine new franchised restaurants and sold seven company restaurants under Denny's Franchise Growth Initiative (FGI) - franchised restaurants now 83% of Denny's system
Net income was $10.0 million, which included $3.1 million from gains on sales of assets
Adjusted income before taxes grew 6.9% to $9.1 million
Reduced debt by an additional $9.8 million
Same-store sales decreased 6.6% at company units and 7.3% at franchised units
Company restaurant operating margin improved 3.0 percentage points to 16.3% of sales, primarily due to favorable workers' compensation claims developments
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Opened nine new franchised restaurants and sold seven company restaurants under Denny's Franchise Growth Initiative (FGI) - franchised restaurants now 83% of Denny's system
Net income was $10.0 million, which included $3.1 million from gains on sales of assets
Adjusted income before taxes grew 6.9% to $9.1 million
Reduced debt by an additional $9.8 million
Same-store sales decreased 6.6% at company units and 7.3% at franchised units
Company restaurant operating margin improved 3.0 percentage points to 16.3% of sales, primarily due to favorable workers' compensation claims developments
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Ruth's Hospitality Group, Inc. Reports Third Quarter 2009 Financial Results
Total revenue decreased 21.4% to $77.8 million compared to $98.9 million in the third quarter of 2008.
Net loss of $1.0 million or $0.04 per diluted share compared to a net loss of $0.5 million or $0.02 per diluted share in the third quarter of 2008.
Company-owned comparable restaurant sales for Ruth's Chris Steak House decreased 24.0%. Company-owned comparable restaurant sales for Mitchell's Fish Market decreased 12.3%.
Food and beverage costs, as a percentage of restaurant sales, decreased 330 basis points to 28.5% primarily driven by favorable beef costs.
Restaurant operating expenses, as a percentage of restaurant sales, increased 410 basis points to 57.5% resulting from the effect of fixed costs related to lower sales volumes.
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Net loss of $1.0 million or $0.04 per diluted share compared to a net loss of $0.5 million or $0.02 per diluted share in the third quarter of 2008.
Company-owned comparable restaurant sales for Ruth's Chris Steak House decreased 24.0%. Company-owned comparable restaurant sales for Mitchell's Fish Market decreased 12.3%.
Food and beverage costs, as a percentage of restaurant sales, decreased 330 basis points to 28.5% primarily driven by favorable beef costs.
Restaurant operating expenses, as a percentage of restaurant sales, increased 410 basis points to 57.5% resulting from the effect of fixed costs related to lower sales volumes.
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