Wednesday, May 27, 2009
CKE Restaurants, Inc. Reports Period Four and First Fiscal Quarter Same-Store Sales and Gives Guidance on Restaurant Operating Costs
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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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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Tuesday, May 26, 2009
Saturday, May 23, 2009
Friday, May 22, 2009
Red Robin Gourmet Burgers Reports Earnings for the Fiscal First Quarter 2009
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--May. 21, 2009-- Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), a casual dining restaurant chain focused on serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the 16 weeks ended April 19, 2009.
Financial and Operational Highlights
Highlights for the 16 weeks ended April 19, 2009, compared to the 16 weeks ended April 20, 2008, are as follows:
- Total revenues increased 6.0% to $270.8 million.
- Restaurant revenue increased 6.3% to $266.6 million.
- Company-owned comparable restaurant sales decreased 8.1%.
- Restaurant-level operating profit decreased 1.7% to $47.1 million.
- GAAP diluted earnings per share were $0.25, which included $0.19 per diluted share in compensation expense related to the Company’s tender offer for certain stock options, and $0.03 per diluted share in costs related to the closing of four company-owned restaurants, vs. $0.43 in the fiscal first quarter a year ago.
- A total of nine new Red Robin® restaurants, seven company-owned and two franchised locations, were opened during the fiscal first quarter 2009.
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Financial and Operational Highlights
Highlights for the 16 weeks ended April 19, 2009, compared to the 16 weeks ended April 20, 2008, are as follows:
- Total revenues increased 6.0% to $270.8 million.
- Restaurant revenue increased 6.3% to $266.6 million.
- Company-owned comparable restaurant sales decreased 8.1%.
- Restaurant-level operating profit decreased 1.7% to $47.1 million.
- GAAP diluted earnings per share were $0.25, which included $0.19 per diluted share in compensation expense related to the Company’s tender offer for certain stock options, and $0.03 per diluted share in costs related to the closing of four company-owned restaurants, vs. $0.43 in the fiscal first quarter a year ago.
- A total of nine new Red Robin® restaurants, seven company-owned and two franchised locations, were opened during the fiscal first quarter 2009.
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