DALLAS, Aug. 6 /PRNewswire-FirstCall/ -- Brinker International, Inc. (NYSE: EAT) announced fourth quarter fiscal 2009 earnings per diluted share of $0.52 compared to $0.42 for the fourth quarter of fiscal 2008, before special items and excluding Romano's Macaroni Grill (reconciliation included in Table 3). On a GAAP basis, earnings per diluted share increased to $0.41 from a loss per diluted share of $0.02 for the fourth quarter in the prior year. For the full-year fiscal 2009, earnings per diluted share increased to $1.44 from $1.41 in the prior year, before special items and excluding Macaroni Grill (reconciliation included in Table 4). On a GAAP basis, earnings per diluted share increased to $0.77 from $0.49 in the prior year.
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http://phx.corporate-ir.net/phoenix.zhtml?c=119205&p=irol-newsArticle&ID=1317775&highlight=
Thursday, August 6, 2009
Brinker International Reports Increase in Fourth Quarter Fiscal 2009 EPS and Provides Fiscal 2010 Outlook
Tim Hortons Inc. Announces 2009 Second Quarter Results
Highlights ----------
- Second quarter systemwide sales(3) increased 5.0% on a constant currency basis
- 25 new locations opened in second quarter, 15 in Canada and 10 in the U.S.
- Annual operating income, excluding proposed public company reorganization costs, and same-store sales growth, expected to be in line with previously announced 2009 targets
- The $2.7 million (slightly more than $0.01 per share) in costs associated with the proposed public company reorganization impacted operating income in the quarter
- Solid improvement in U.S. segment results in second quarter
- Board declares quarterly dividend of $0.10 per share
Read more:
http://www.timhortons.com/ca/en/about/news.html?c=195616&p=irol-news&nyo=0
- Second quarter systemwide sales(3) increased 5.0% on a constant currency basis
- 25 new locations opened in second quarter, 15 in Canada and 10 in the U.S.
- Annual operating income, excluding proposed public company reorganization costs, and same-store sales growth, expected to be in line with previously announced 2009 targets
- The $2.7 million (slightly more than $0.01 per share) in costs associated with the proposed public company reorganization impacted operating income in the quarter
- Solid improvement in U.S. segment results in second quarter
- Board declares quarterly dividend of $0.10 per share
Read more:
http://www.timhortons.com/ca/en/about/news.html?c=195616&p=irol-news&nyo=0
Wendy's/Arby's Group, Inc. Reports 2nd Quarter 2009 Results
Second-Quarter and Year-to-Date Highlights
- Wendy's(R) North America systemwide same-store sales were approximately flat (a decrease of 0.4%). Wendy's company-operated restaurant margin improved 370 basis points compared to the second quarter a year ago.
- Arby's(R) North America systemwide same-store sales decreased 6.9% and reflected an improved trend from the first quarter of 2009. Arby's company-operated restaurant margin decreased 100 basis points compared to the second quarter a year ago.
- Consolidated revenues were $913 million in the second quarter and $1.8 billion year-to-date.
- Second quarter 2009 adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")1, excluding pre-tax integration-related costs of $7.3 million, was $117.2 million, and increased 13.2% as compared to pro-forma 2008 second quarter adjusted EBITDA of $103.5 million.
Read more:
http://ir.wendysarbys.com/phoenix.zhtml?c=67548&p=irol-newsArticle&ID=1317821&highlight=
- Wendy's(R) North America systemwide same-store sales were approximately flat (a decrease of 0.4%). Wendy's company-operated restaurant margin improved 370 basis points compared to the second quarter a year ago.
- Arby's(R) North America systemwide same-store sales decreased 6.9% and reflected an improved trend from the first quarter of 2009. Arby's company-operated restaurant margin decreased 100 basis points compared to the second quarter a year ago.
- Consolidated revenues were $913 million in the second quarter and $1.8 billion year-to-date.
- Second quarter 2009 adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA")1, excluding pre-tax integration-related costs of $7.3 million, was $117.2 million, and increased 13.2% as compared to pro-forma 2008 second quarter adjusted EBITDA of $103.5 million.
Read more:
http://ir.wendysarbys.com/phoenix.zhtml?c=67548&p=irol-newsArticle&ID=1317821&highlight=
MANDARIN ORIENTAL INTERNATIONAL LIMITED
Highlights
• Significant market weakness
• US$78.5 million gain recorded on sale of Macau hotel
• Strong financial position
“It is expected that market conditions will remain poor for the remainder of the year.
Mandarin Oriental is, however, in a strong competitive and financial position and should
benefit over the longer term from the strength of its brand and the limited new supply of luxury
hotels in its key markets.”
Read more:
http://202.66.146.82/listco/sg/mandarin/interim/2009/int.pdf
• Significant market weakness
• US$78.5 million gain recorded on sale of Macau hotel
• Strong financial position
“It is expected that market conditions will remain poor for the remainder of the year.
Mandarin Oriental is, however, in a strong competitive and financial position and should
benefit over the longer term from the strength of its brand and the limited new supply of luxury
hotels in its key markets.”
Read more:
http://202.66.146.82/listco/sg/mandarin/interim/2009/int.pdf
Lodgian Reports 2009 Second Quarter Results
ATLANTA, Aug. 5 /PRNewswire-FirstCall/ -- Lodgian, Inc. (NYSE Alternext US: LGN), one of the nation's largest independent hotel owners and operators, today reported results for the 2009 second quarter ended June 30, 2009.
Second Quarter 2009 Highlights
-- Obtained maturity extensions on $120 million of mortgage debt which matured July 1, 2009, with the terms of the extensions ranging from 90 days to three years.
-- Sold two hotels during the 2009 second quarter for gross proceeds of $13.9 million.
Read more:
http://ir.lodgian.com/phoenix.zhtml?c=112638&p=irol-newsArticle&ID=1317019&highlight=
Second Quarter 2009 Highlights
-- Obtained maturity extensions on $120 million of mortgage debt which matured July 1, 2009, with the terms of the extensions ranging from 90 days to three years.
-- Sold two hotels during the 2009 second quarter for gross proceeds of $13.9 million.
Read more:
http://ir.lodgian.com/phoenix.zhtml?c=112638&p=irol-newsArticle&ID=1317019&highlight=
Ashford Hospitality Trust Reports Second Quarter Results
DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- Ashford Hospitality Trust, Inc. (NYSE: AHT) today reported the following results and performance measures for the second quarter ended June 30, 2009. The proforma performance measurements for Occupancy, Average Daily Rate (ADR), revenue per available room (RevPAR), and Hotel Operating Profit (or Hotel EBITDA) include the Company's 103 hotels owned and included in continuing operations as of June 30, 2009. Unless otherwise stated, all reported results compare the second quarter ended June 30, 2009, with the second quarter ended June 30, 2008, and include the impact of non-cash impairment charges (see discussion below). The reconciliation of non-GAAP financial measures is included in the financial tables accompanying this press release.
Read more:
http://www.snl.com/irweblinkx/file.aspx?IID=4088185&FID=8165989
Read more:
http://www.snl.com/irweblinkx/file.aspx?IID=4088185&FID=8165989
Orient-Express Hotels Reports Second Quarter 2009 Results
Second Quarter 2009 Earnings Summary
- Second quarter total revenues, excluding Real Estate, of $132.0 million
- Same store RevPAR down 24% in local currency, 33% in US dollars
- Adjusted EBITDA before Real Estate of $26.7 million
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=122664&p=irol-newsArticle&ID=1317403&highlight=
- Second quarter total revenues, excluding Real Estate, of $132.0 million
- Same store RevPAR down 24% in local currency, 33% in US dollars
- Adjusted EBITDA before Real Estate of $26.7 million
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=122664&p=irol-newsArticle&ID=1317403&highlight=
STRATEGIC HOTELS & RESORTS REPORTS SECOND QUARTER 2009 RESULTS
CHICAGO – August 5, 2009 – Strategic Hotels & Resorts (NYSE: BEE) today reported results for the second quarter ended June 30, 2009.
Second Quarter Recap
􀂃 Comparable funds from operations (Comparable FFO) was a loss of $0.03 per diluted share compared
with income of $0.48 per diluted share in the prior year.
􀂃 Quarterly Comparable EBITDA was $33.6 million compared with $74.1 million in the prior year
Read more:
http://www.strategichotels.com/documents/BEE_Q2_2009_Earnings_Press_Release.pdf
Supplemental Information
http://www.strategichotels.com/documents/BEE_Q2_2009_Supplemental_Information.pdf
Second Quarter Recap
􀂃 Comparable funds from operations (Comparable FFO) was a loss of $0.03 per diluted share compared
with income of $0.48 per diluted share in the prior year.
􀂃 Quarterly Comparable EBITDA was $33.6 million compared with $74.1 million in the prior year
Read more:
http://www.strategichotels.com/documents/BEE_Q2_2009_Earnings_Press_Release.pdf
Supplemental Information
http://www.strategichotels.com/documents/BEE_Q2_2009_Supplemental_Information.pdf
FelCor Reports Second Quarter Results
IRVING, Texas--(BUSINESS WIRE)--Aug. 5, 2009-- FelCor Lodging Trust Incorporated (NYSE: FCH) today reported operating results for the second quarter and six months ended June 30, 2009.
“We continue to make progress on our goals this year: reduce operating expenses; improve market share; develop new sources of revenues within our hotels; and ensure that we have adequate liquidity. These measures are reflected in our second quarter results – portfolio market share increased two percent, operating margins were better than expected, Adjusted FFO met the low-end of our expectations, and we successfully closed a $200 million secured term loan,” said Richard A. Smith, FelCor’s President and Chief Executive Officer.
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=118512&p=irol-newsArticle&ID=1317389&highlight=
“We continue to make progress on our goals this year: reduce operating expenses; improve market share; develop new sources of revenues within our hotels; and ensure that we have adequate liquidity. These measures are reflected in our second quarter results – portfolio market share increased two percent, operating margins were better than expected, Adjusted FFO met the low-end of our expectations, and we successfully closed a $200 million secured term loan,” said Richard A. Smith, FelCor’s President and Chief Executive Officer.
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=118512&p=irol-newsArticle&ID=1317389&highlight=
Hyatt Hotels Corporation Files Registration Statement for Proposed Initial Public Offering
CHICAGO--(BUSINESS WIRE)--Hyatt Hotels Corporation (“Hyatt”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined. The shares of Class A common stock to be sold in this offering are proposed to be sold by Hyatt and/or certain existing stockholders. Hyatt will not receive any of the proceeds from the sale of shares by the selling stockholders.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006408&newsLang=en
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006408&newsLang=en
Morgans Hotel Group Secures Amendment to Its Existing Line of Credit
NEW YORK--(BUSINESS WIRE)--Morgans Hotel Group Co. (NASDAQ:MHGC) announced today that it has successfully completed an amendment to its existing line of credit.
“The amendment provides us with significant liquidity and flexibility to accommodate our business needs through these challenging times,” said Marc Gordon, Chief Investment Officer of Morgans Hotel Group. “We are proud of the expression of confidence from our lender group. We appreciate their support and thank them for working with us.”
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006417&newsLang=en
“The amendment provides us with significant liquidity and flexibility to accommodate our business needs through these challenging times,” said Marc Gordon, Chief Investment Officer of Morgans Hotel Group. “We are proud of the expression of confidence from our lender group. We appreciate their support and thank them for working with us.”
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006417&newsLang=en
Falfurrias Capital Partners Secures Refinancing of Bojangles’ Debt
CHARLOTTE, N.C.--(BUSINESS WIRE)--Falfurrias Capital Partners, a Charlotte-based private equity firm, today announced it has secured a $70 million refinancing for Bojangles’ Restaurants Inc., allowing the restaurant group to substantially reduce its debt and lower its interest costs.
A bank group led by Bank of America and Wells Fargo and including BB&T and Regions Bank provided the senior-term loan and credit facility for the refinancing.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805005872&newsLang=en
A bank group led by Bank of America and Wells Fargo and including BB&T and Regions Bank provided the senior-term loan and credit facility for the refinancing.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805005872&newsLang=en
McCormick & Schmick's Seafood Restaurants, Inc. Reports Second Quarter 2009 Financial Results
Revenues for the second quarter of 2009 decreased 7.0% to $92.7 million from $99.7 million in the second quarter of 2008. The decrease in revenues is primarily attributable to the decline in comparable restaurant sales, partially offset by revenue from new restaurants not in the comparable restaurant base. The decrease in comparable restaurant sales of 17.3% was a result of a 16.7% decrease in traffic, which was coupled with a decrease in net pricing of 0.6%.
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http://phx.corporate-ir.net/phoenix.zhtml?c=179739&p=irol-newsArticle&ID=1317324&highlight=
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=179739&p=irol-newsArticle&ID=1317324&highlight=
California Pizza Kitchen Signs Franchise Deal to Expand into India
LOS ANGELES--(BUSINESS WIRE)--California Pizza Kitchen, Inc. (CPK) (Nasdaq:CPKI) announced an agreement today with new franchise partners JSM Corporation Pvt. Ltd. (JSM) and Daud Arabian Trading to expand into India. As part of the agreement, a minimum of fifteen new California Pizza Kitchen full-service restaurants are expected to open in India over the next ten years with the first restaurant scheduled to open in the summer of 2010.
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006502&newsLang=en
Read more:
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20090805006502&newsLang=en
O'Charley's Inc. Reports Results for the Second Quarter of 2009
NASHVILLE, Tenn., Aug 06, 2009 (BUSINESS WIRE) -- O'Charley's Inc. (Nasdaq: CHUX), a leading casual-dining restaurant company, today reported revenues and earnings per share for the 12-week period ended July 12, 2009.
Revenue for the second quarter of fiscal 2009 decreased $14.9 million or 6.7 percent to $206.2 million, from $221.1 million in the second quarter of fiscal 2008. Same-store sales for the second quarter of 2009 declined 6.9 percent at O'Charley's company-operated restaurants, 10.0 percent at Ninety Nine Restaurants, and 20.4 percent at Stoney River Legendary Steaks.
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http://phx.corporate-ir.net/phoenix.zhtml?c=82565&p=irol-newsArticle&ID=1317738&highlight=
Revenue for the second quarter of fiscal 2009 decreased $14.9 million or 6.7 percent to $206.2 million, from $221.1 million in the second quarter of fiscal 2008. Same-store sales for the second quarter of 2009 declined 6.9 percent at O'Charley's company-operated restaurants, 10.0 percent at Ninety Nine Restaurants, and 20.4 percent at Stoney River Legendary Steaks.
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=82565&p=irol-newsArticle&ID=1317738&highlight=
