Thursday, June 11, 2009
Luby’s Announces Third Quarter Fiscal 2009 Results
HOUSTON, TX – June 10, 2009 – Luby’s, Inc. (NYSE: LUB) today announced unaudited financial results for the third quarter of fiscal 2009, a twelve-week period, which ended on May 6, 2009.
Third Quarter Highlights:
Restaurant sales were $66.0 million, a decrease of $6.7 million compared to the same quarter last year; approximately $1.5 million of the reduction in sales related to closed operations partially offset by new restaurant sales.
Culinary contract services revenue increased to $3.0 million in the third quarter compared to $1.8 million in the same quarter last year. The increase was due to culinary contract services operating 13 facilities as of May 6, 2009 compared to operating 9 facilities as of May 7, 2008.
Restaurant sales declined $6.7 million in the third quarter but store level profit declined only $1.4 million due to effective cost management. The Company defines store level profit as restaurant sales minus costs of food, payroll and related costs and other operating expenses.
Same-store sales, which consisted of 118 restaurants, decreased approximately 8.9% due primarily to declines in guest traffic partially offset by higher menu prices. The third quarter fiscal 2009 partially benefited from the favorable timing of Lent in the third quarter. Adjusted for this item, the Company estimated same-store sales declined approximately 9.4% in the third quarter fiscal 2009.
Third Quarter Highlights:
Restaurant sales were $66.0 million, a decrease of $6.7 million compared to the same quarter last year; approximately $1.5 million of the reduction in sales related to closed operations partially offset by new restaurant sales.
Culinary contract services revenue increased to $3.0 million in the third quarter compared to $1.8 million in the same quarter last year. The increase was due to culinary contract services operating 13 facilities as of May 6, 2009 compared to operating 9 facilities as of May 7, 2008.
Restaurant sales declined $6.7 million in the third quarter but store level profit declined only $1.4 million due to effective cost management. The Company defines store level profit as restaurant sales minus costs of food, payroll and related costs and other operating expenses.
Same-store sales, which consisted of 118 restaurants, decreased approximately 8.9% due primarily to declines in guest traffic partially offset by higher menu prices. The third quarter fiscal 2009 partially benefited from the favorable timing of Lent in the third quarter. Adjusted for this item, the Company estimated same-store sales declined approximately 9.4% in the third quarter fiscal 2009.
CLUB MÉDITERRANÉE: RESULTATS DU PREMIER SEMESTRE 2009
In a nutshell......
Revenues down 4.2% for the quarter year on year
Gross 28M euros vs 26M euros last year
Net (22) M euros vs (9)M euros last year . Increase in loss due to "impacté par des éléments non récurrents " - nonrecurring items. Although I do not see what they are.
Summer occupancy does not look good.
Revenues down 4.2% for the quarter year on year
Gross 28M euros vs 26M euros last year
Net (22) M euros vs (9)M euros last year . Increase in loss due to "impacté par des éléments non récurrents " - nonrecurring items. Although I do not see what they are.
Summer occupancy does not look good.
Dave and Buster’s, Inc. Reports Financial Results for its Fiscal 2009 First Quarter
DALLAS—June 11, 2009—Dave & Buster's, Inc., a leading operator of high volume
entertainment/dining complexes, today announced results for its first quarter ended May 3, 2009.
Total revenues decreased 2.8% to $138.4 million in the first quarter of 2009, compared to $142.5 million in the first quarter of 2008. This revenue decline was comprised primarily of a 7.9% decrease in comparable store sales offset by a $7.1 million increase in revenues from non-comparable operations. Total Food and Beverage revenues decreased 4.9%, while revenues from Amusements and Other decreased 0.5%.
entertainment/dining complexes, today announced results for its first quarter ended May 3, 2009.
Total revenues decreased 2.8% to $138.4 million in the first quarter of 2009, compared to $142.5 million in the first quarter of 2008. This revenue decline was comprised primarily of a 7.9% decrease in comparable store sales offset by a $7.1 million increase in revenues from non-comparable operations. Total Food and Beverage revenues decreased 4.9%, while revenues from Amusements and Other decreased 0.5%.
Wednesday, June 10, 2009
HOTELS Magazine Ranks the World’s Largest Hotel Companies
UPDATE: This links to the 2008 ranking. The 2009 ranking will be out the beginning of July
