Restaurant Brands New Zealand Ltd., an owner of KFC, Pizza Hut and Starbucks franchises, rose the most in a month in Wellington trading after it said first-half profit gained 52 percent.
Net income rose to NZ$13.5 million ($10 million) in the six months ended Sept. 13 from NZ$8.9 million a year earlier, the Auckland-based company said in a statement. The stock rose 2.4 percent, the biggest gain since Sept. 21.
Restaurant Brands’ share price has jumped almost 54 percent since Jan. 1, becoming the best performer on the benchmark NZX 50 stock index. The company increased its first-half dividend to 7 cents a share from 4.5 cents and reaffirmed that full-year profit excluding non-trading items will rise to a range of NZ$24 million to NZ$26 million.
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Sunday, October 24, 2010
Domino's Pizza Announces Third Quarter 2010 Financial Results
ANN ARBOR, Mich., Oct. 19 /PRNewswire-FirstCall/ -- Domino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced strong results for the third quarter ended September 12, 2010. The Company's domestic same store sales rose 11.7% during the third quarter versus the year-ago period on sustained positive consumer response to its improved pizza and the effectiveness of its advertising. Robust sales volume also drove positive results in the Company's domestic supply chain business. The International division continued its strong performance with same store sales growth of 7.0% in the third quarter, marking the 67th consecutive quarter of positive same store sales growth for the division. The Company repurchased $20.0 million of its debt during the quarter, for a total of $289.6 million in repurchases of its fixed rate notes since the beginning of 2009.
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McDonald's Third Quarter Earnings Rise 12% on Strong Global Sales
OAK BROOK, Ill., Oct. 21 /PRNewswire-FirstCall/ -- McDonald's Corporation (NYSE: MCD) today announced strong results for the third quarter driven by growth across all areas of the world.
"McDonald's customer focus, menu innovation and the ongoing modernization of our restaurants continue to drive our business momentum," said Chief Executive Officer Jim Skinner. "For the third quarter, we grew comparable sales and customer visits around the world and delivered increased profitability. As we continue to invest in our business and extend the McDonald's brand, I am confident that we will create even more ways to satisfy consumers looking for high quality, great tasting food that's convenient and affordable."
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"McDonald's customer focus, menu innovation and the ongoing modernization of our restaurants continue to drive our business momentum," said Chief Executive Officer Jim Skinner. "For the third quarter, we grew comparable sales and customer visits around the world and delivered increased profitability. As we continue to invest in our business and extend the McDonald's brand, I am confident that we will create even more ways to satisfy consumers looking for high quality, great tasting food that's convenient and affordable."
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Will Beer Succeed as the New Buzz at Starbucks?
Lately Starbucks (SBUX) has been trying to change things up. They finally got free Wi-Fi with free digital content, they are trying to slow down the process of making drinks (which seems to me about the equivalent of clipping a bird’s wings), and now they’re talking about adding booze to the menu. Irish coffee, anyone?
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When Alan Parker moved Whitbread from beer to hotels no-one got it, they do now
After defying his critics and reshaping former brewer Whitbread into a focused budget hotels and coffee shops group, is Alan Parker planning a quieter life after he retires on his 64th birthday next month? It doesn't look like it.
"The day after I retire, I fly to Dubai for two days of meetings," says the departing chief executive.
"I then fly back, fly to Paris for another board meeting, come back and drive to Devon, where I'm chairman of the board of governors at my old school. I hope it's not always going to be like that."
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