In the first quarter of 2009 the Company recorded net loss of $2,212,000, or $(0.60) per share, compared to net income of $90,000, or $0.02 per share, during the first quarter of 2008.
The ongoing economic recession seriously affected the Company’s business in the 2009 first quarter. Operating income at the Company’s Royal Sonesta Hotel Boston decreased by $787,000 in the first quarter of 2009 compared to last year. Income from management activities decreased by $1,321,000 in the 2009 quarter compared to last year, due to lower fee income from Sonesta Bayfront Hotel Coconut Grove, lower fee income from the Company’s operations in Egypt and due to the fact that the management agreement for Trump International Sonesta Beach Resort Sunny Isles was terminated effective April 1, 2008. In addition, interest income decreased by $248,000, primarily due to lower income earned on the Company’s cash balances resulting from lower rates of return. A detailed analysis of the revenues and income by location follows.
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Friday, May 15, 2009
Pub trade's week of reckoning
The report finds “alarming evidence” that there may be serious problems caused by the dominance of the large pub companies.
Bec’s unanimous conclusions were coloured by its survey of 1,000 licensees, which committee chairman Peter Luff said backed up the personal views submitted by many licensees. Among the key findings were:
• 44% of licensees had not been given a breakdown of how their rent was calculated
• 67% earned less than £15,000pa and 50% of the licensees who had a turn-over of £500,000pa earned less than £15,000 — a 3% rate of return
• 64% of licensees did not feel their pubco added any value.
Bec’s unanimous conclusions were coloured by its survey of 1,000 licensees, which committee chairman Peter Luff said backed up the personal views submitted by many licensees. Among the key findings were:
• 44% of licensees had not been given a breakdown of how their rent was calculated
• 67% earned less than £15,000pa and 50% of the licensees who had a turn-over of £500,000pa earned less than £15,000 — a 3% rate of return
• 64% of licensees did not feel their pubco added any value.
Educational Institute Publishes New Edition of “Planning and Control for Food and Beverage Operations”
NPC International, Inc. Reports First Fiscal Quarter
NPC International, the largest Pizza Hut franchisee in the world.
Founded in 1962, NPC International went public in 1984. Shares of NPC International, Inc., were traded on the NASDAQ Stock Market under the symbol NPCI until August 31, 2001 when the stockholders approved a merger through which the company went private. On May 3, 2006, the Company was sold to Merrill-Lynch Global Private Equity Group. NPC currently operates 1155 stores in 28 states
Founded in 1962, NPC International went public in 1984. Shares of NPC International, Inc., were traded on the NASDAQ Stock Market under the symbol NPCI until August 31, 2001 when the stockholders approved a merger through which the company went private. On May 3, 2006, the Company was sold to Merrill-Lynch Global Private Equity Group. NPC currently operates 1155 stores in 28 states
Thursday, May 14, 2009
Choice Hotels Reports First Quarter 2009 Diluted EPS of $0.27, Domestic Unit Growth of 5.7%
SILVER SPRING, Md., April 30 /PRNewswire-FirstCall/ -- Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for first quarter 2009: -- Diluted earnings per share ("EPS") for first quarter 2009 were $0.27,
compared to $0.29 for the same period of the prior year.
-- Earnings before interest, taxes and depreciation ("EBITDA") were $29.9
million for the three months ended March 31, 2009, compared to $36.1
million for the same period of 2008. Operating income for the three
months ended March 31, 2009 was $27.8 million compared to $34.1
million for the same period of 2008.
-- Domestic unit and room growth increased 5.7 percent and 5.6 percent,
respectively, from March 31, 2008.
-- Domestic system-wide revenue per available room ("RevPAR") declined
10.3% for the first quarter of 2009 compared to the same period of
2008.
-- The effective royalty rate increased 8 basis points to 4.26% for the
three months ended March 31, 2009 compared to 4.18% for the same
period of the prior year.
-- Franchising revenues declined 14% from $59.4 million for the three
months ended March 31, 2008 compared to $51.0 million for the same
period of 2009. Total revenues for the three months ended March 31,
2009 declined 11% compared to the same period of 2008.
-- New domestic hotel franchise contracts for the three months ended
March 31, 2009 declined to 60 compared to 133 contracts executed in
the same period of the prior year.
-- The number of domestic hotels under construction, awaiting conversion
or approved for development declined 9% from March 31, 2008 to 896
hotels representing 70,381 rooms; the worldwide pipeline declined 7%
from March 31, 2008 to 1,007 hotels representing 79,495 rooms.
(click on link to read more)
compared to $0.29 for the same period of the prior year.
-- Earnings before interest, taxes and depreciation ("EBITDA") were $29.9
million for the three months ended March 31, 2009, compared to $36.1
million for the same period of 2008. Operating income for the three
months ended March 31, 2009 was $27.8 million compared to $34.1
million for the same period of 2008.
-- Domestic unit and room growth increased 5.7 percent and 5.6 percent,
respectively, from March 31, 2008.
-- Domestic system-wide revenue per available room ("RevPAR") declined
10.3% for the first quarter of 2009 compared to the same period of
2008.
-- The effective royalty rate increased 8 basis points to 4.26% for the
three months ended March 31, 2009 compared to 4.18% for the same
period of the prior year.
-- Franchising revenues declined 14% from $59.4 million for the three
months ended March 31, 2008 compared to $51.0 million for the same
period of 2009. Total revenues for the three months ended March 31,
2009 declined 11% compared to the same period of 2008.
-- New domestic hotel franchise contracts for the three months ended
March 31, 2009 declined to 60 compared to 133 contracts executed in
the same period of the prior year.
-- The number of domestic hotels under construction, awaiting conversion
or approved for development declined 9% from March 31, 2008 to 896
hotels representing 70,381 rooms; the worldwide pipeline declined 7%
from March 31, 2008 to 1,007 hotels representing 79,495 rooms.
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J. ALEXANDER’S CORPORATION REPORTS RESULTS
J. Alexander's Corporation is a publicly owned corporation whose stock trades on the NASDAQ Stock Market (symbol JAX). J. Alexander's is the vision of a group of people who have a desire to provide the casual dining restaurant guest with a higher quality dining experience and outstanding professional service. Our concept is uniquely positioned between the heavily themed casual dining restaurants and the fine dining white tablecloth dinnerhouses. The company serves American-style food with a contemporary twist, taking advantage of our rich multi-cultural heritage in the development of items for our classic American menu.
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Sol Melia announces first quarter results
Actual first quater figures
http://inversores.solmelia.com/en/show_annex.html?id=2484
Here is a presentation that they did
http://inversores.solmelia.com/en/show_annex.html?id=2475
http://inversores.solmelia.com/en/show_annex.html?id=2484
Here is a presentation that they did
http://inversores.solmelia.com/en/show_annex.html?id=2475
Real Mex Restaurants, Inc. Files 1st Quarter 2009 10-Q
CYPRESS, Calif.--(BUSINESS WIRE)--Real Mex Restaurants, Inc. filed its 2009 Form 10-Q for the first quarterly period ended March 29, 2009 on Tuesday, May 12, 2009. The results indicate that total revenues decreased $9.1 million or 6.6% in the first quarter of 2009, to $128.5 million, from the first quarter 2008. Operating Income before depreciation and amortization was unchanged comparing the first quarter of 2009 and 2008 at $8.3 million. Comparable store sales decreased 9.1% in the first quarter of 2009.
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Norwegian Cruise Line Reports Results for First Quarter 2009
MIAMI--(BUSINESS WIRE)--Norwegian Cruise Line (the “Company”) reported an EBITDA improvement for the three months ended March 31, 2009 of 46.3% to $50.9 million versus $34.8 million for the same period in 2008. Net income rose to $5.2 million in 2009 versus a net loss of $145.0 million in 2008. These increases in profitability came despite a decrease in Net Revenues for the first quarter of 15.5%. Net Revenues decreased primarily due to a 7.9% decrease in Net Yields and an 8.3% decrease in Capacity Days. The decrease in Net Yields resulted mainly from weakness in passenger ticket pricing offset by an increase in Net Yields pertaining to onboard and other revenues. The decrease in Capacity Days resulted from the departure of Marco Polo and Norwegian Dream from the Company’s fleet in March and November of 2008, respectively. Occupancy Percentage for the first quarter of 2009 was 106.9% compared to 106.4% in the first quarter of 2008, and is the highest for a first quarter since the introduction of the Company’s first modern, purpose-built Freestyle Cruising ship slightly less than ten years ago.
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(to read more lcick on link)
