It’s usually women who are found ordering caramel frappuccinos in trendy coffee bars after a hard day of shopping.
But one chain is hoping to lure in more male custom by dressing its baristas in bikinis.
Bikini Espresso Café, which opened in Los Angeles last week, is planning rapid global expansion.
Read more:
http://www.costsectorcatering.co.uk/online_article/bikini-themed-coffee-shop-set-for-the-uk/8258
Friday, August 7, 2009
Einstein Noah Restaurant Group Reports Second Quarter 2009 Financial Results
LAKEWOOD, Colo.--(BUSINESS WIRE)--Aug. 6, 2009-- Einstein Noah Restaurant Group (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, today reported financial results for the second quarter ended June 30, 2009.
Selected Highlights for the Second Quarter 2009:
- Substantial improvement in company-owned restaurant operating margins of 19.2% drove overall corporate margins back to 20.0% in the second quarter
- Total revenues declined a modest $1.0 million to $104.4 million vs. $105.4 million in the second quarter of 2008
- System-wide comparable store sales decreased 2.2%, a 150 basis point improvement over the first quarter trend
- Net income and diluted EPS of $6.5 million and $0.39, respectively, vs. net income and diluted EPS of $6.9 million and $0.42 in the second quarter of 2008
- Redeemed $20 million in Series Z Preferred Stock on June 30, 2009
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=177910&p=irol-newsArticle&ID=1318255&highlight=
Selected Highlights for the Second Quarter 2009:
- Substantial improvement in company-owned restaurant operating margins of 19.2% drove overall corporate margins back to 20.0% in the second quarter
- Total revenues declined a modest $1.0 million to $104.4 million vs. $105.4 million in the second quarter of 2008
- System-wide comparable store sales decreased 2.2%, a 150 basis point improvement over the first quarter trend
- Net income and diluted EPS of $6.5 million and $0.39, respectively, vs. net income and diluted EPS of $6.9 million and $0.42 in the second quarter of 2008
- Redeemed $20 million in Series Z Preferred Stock on June 30, 2009
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=177910&p=irol-newsArticle&ID=1318255&highlight=
California Pizza Kitchen Announces Financial Results for the Second Quarter 2009
Highlights for the second quarter of 2009 relative to the same quarter a year ago were as follows:
- Total revenues decreased 3.2% to $170.9 million
- Full service comparable restaurant sales decreased 6.5%
- Net income was $6.1 million, or $0.25 per diluted share
- Outstanding debt was reduced by $17.0 million to $50.0 million from the first quarter of 2009
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=122300&p=irol-newsArticle&ID=1318290&highlight=
- Total revenues decreased 3.2% to $170.9 million
- Full service comparable restaurant sales decreased 6.5%
- Net income was $6.1 million, or $0.25 per diluted share
- Outstanding debt was reduced by $17.0 million to $50.0 million from the first quarter of 2009
Read more:
http://phx.corporate-ir.net/phoenix.zhtml?c=122300&p=irol-newsArticle&ID=1318290&highlight=
Thursday, August 6, 2009
Home Inns Reports Second Quarter of 2009 Financial Results
Second Quarter 2009 Financial Highlights
-- Total revenues for the quarter increased 43.3% year-over-year to RMB 642.1 million (US$ 94.0 million).
-- Net income attributable to shareholders for the quarter was RMB 100.4 million (US$ 14.7 million), including gain on buy-back of its own convertible bonds of RMB 46.5 million (US$ 6.8 million), share-based compensation expenses of RMB 6.4 million (US$ 0.9 million), and foreign exchange loss of RMB 0.3 million (US$ 0.04 million). This compares to a net income attributable to shareholders of RMB 7.5 million in the second quarter of 2008, which included share based compensation of RMB 5.4 million (US$ 0.8 million) and foreign exchange loss of RMB 13.7 million (US$ 2.0 million).
-- Income from operations for the quarter was RMB 67.7 million US$ 9.9 million), compared to income from operations of RMB 31.3 million (US$4.6 million) in the same period of 2008. Income from operations excluding share-based compensation expenses (non-GAAP) was RMB 74.1 million (US$ 10.9 million) for the quarter, compared to RMB 36.7 million (US$ 5.4 million) in the same period of 2008, representing an increase of 102% year-over-year.
Read more:
http://english.homeinns.com/phoenix.zhtml?c=203641&p=irol-newsArticle&ID=1317402&highlight=
-- Total revenues for the quarter increased 43.3% year-over-year to RMB 642.1 million (US$ 94.0 million).
-- Net income attributable to shareholders for the quarter was RMB 100.4 million (US$ 14.7 million), including gain on buy-back of its own convertible bonds of RMB 46.5 million (US$ 6.8 million), share-based compensation expenses of RMB 6.4 million (US$ 0.9 million), and foreign exchange loss of RMB 0.3 million (US$ 0.04 million). This compares to a net income attributable to shareholders of RMB 7.5 million in the second quarter of 2008, which included share based compensation of RMB 5.4 million (US$ 0.8 million) and foreign exchange loss of RMB 13.7 million (US$ 2.0 million).
-- Income from operations for the quarter was RMB 67.7 million US$ 9.9 million), compared to income from operations of RMB 31.3 million (US$4.6 million) in the same period of 2008. Income from operations excluding share-based compensation expenses (non-GAAP) was RMB 74.1 million (US$ 10.9 million) for the quarter, compared to RMB 36.7 million (US$ 5.4 million) in the same period of 2008, representing an increase of 102% year-over-year.
Read more:
http://english.homeinns.com/phoenix.zhtml?c=203641&p=irol-newsArticle&ID=1317402&highlight=
AMERISTAR CASINOS REPORTS SECOND QUARTER 2009 RESULTS
Achieved $5.1 Million (6.5%) Second Quarter Year-Over-Year Improvement
in Adjusted EBITDA
Adjusted EBITDA Margin Improvement of 3.1 Percentage Points Over Prior-
Year Second Quarter
Ameristar Casino Black Hawk Gross Gaming Revenues Up 27% in July
Year Over Year Following Regulatory Reform
Successfully Refinanced Half of Outstanding Revolving Credit Facility
Debt; Well Positioned to Address Remaining Balance Before November
2010 Maturity
Read more:
http://www.ameristar.com/OpenFile.aspx?FilePath=Files/Earning_Releases/2009-08-05_Ameristar_Reports_2009_Q2_Results.pdf
in Adjusted EBITDA
Adjusted EBITDA Margin Improvement of 3.1 Percentage Points Over Prior-
Year Second Quarter
Ameristar Casino Black Hawk Gross Gaming Revenues Up 27% in July
Year Over Year Following Regulatory Reform
Successfully Refinanced Half of Outstanding Revolving Credit Facility
Debt; Well Positioned to Address Remaining Balance Before November
2010 Maturity
Read more:
http://www.ameristar.com/OpenFile.aspx?FilePath=Files/Earning_Releases/2009-08-05_Ameristar_Reports_2009_Q2_Results.pdf
SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2009
SAN CLEMENTE, CA –August 5, 2009 – Sunstone Hotel Investors, Inc. (the “Company”) (NYSE: SHO) today announced
results for the second quarter ended June 30, 2009.
Second Quarter 2009 Operational Results:
• Total revenue was $186.8 million.
• Total RevPAR was $101.03.
• Loss attributable to common stockholders was $135.4 million.
• Loss attributable to common stockholders per diluted share was $2.23.
• Adjusted EBITDA was $44.8 million.
• Adjusted FFO available to common stockholders was $13.7 million.
• Adjusted FFO available to common stockholders per diluted share was $0.22.
• Hotel operating margin was 25.7%.
Read more:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTIyODV8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
results for the second quarter ended June 30, 2009.
Second Quarter 2009 Operational Results:
• Total revenue was $186.8 million.
• Total RevPAR was $101.03.
• Loss attributable to common stockholders was $135.4 million.
• Loss attributable to common stockholders per diluted share was $2.23.
• Adjusted EBITDA was $44.8 million.
• Adjusted FFO available to common stockholders was $13.7 million.
• Adjusted FFO available to common stockholders per diluted share was $0.22.
• Hotel operating margin was 25.7%.
Read more:
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MTIyODV8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
Red Lion Reports Second Quarter 2009 Results
Red Lion's total revenue during the second quarter of 2009 was $44.9 million, compared to $49.8 million for the prior-year period. Revenue from hotels was $41.0 million, down 12.3% from the second quarter of 2008, due primarily to the weak economic and industry environment.
RevPAR for owned and leased hotels on a comparable basis for the second quarter of 2009 was down 12.6%, due to a 590 basis point decrease in occupancy and a 4.3% decrease in ADR. Despite the lower revenues, hotel direct operating margin for the quarter was 30.1%, an increase of 170 basis points from the prior-year period. System-wide RevPAR (which includes franchised hotels) on a comparable basis for the quarter decreased 12.4%, caused by a 620 basis point decrease in occupancy and a 3.2% decrease in ADR.
Read more:
http://investor.shareholder.com/rlhcorp/?header=redlion
RevPAR for owned and leased hotels on a comparable basis for the second quarter of 2009 was down 12.6%, due to a 590 basis point decrease in occupancy and a 4.3% decrease in ADR. Despite the lower revenues, hotel direct operating margin for the quarter was 30.1%, an increase of 170 basis points from the prior-year period. System-wide RevPAR (which includes franchised hotels) on a comparable basis for the quarter decreased 12.4%, caused by a 620 basis point decrease in occupancy and a 3.2% decrease in ADR.
Read more:
http://investor.shareholder.com/rlhcorp/?header=redlion
Hotel Revenue Management in an Economic Downturn: Results from an International Study
Executive Summary: The sudden reversal in the lodging industry's fortunes from 2008 to 2009 has brought a renewed focus on revenue and profitability for revenue managers. In a survey conducted in 2009, 291 revenue managers cited concerns about customer rate resistance, contract renegotiations, competition, and price wars as their top considerations. This contrasts with a 2008 study, where human resources and technology issues were ahead of economic concerns. Participants in the 2009 Revenue Management Roundtable, produced by the Cornell-Nanyang Institute of Hospitality Management, concurred with the study's findings. In particular, the meeting participants pointed to the difficulty in maintaining pricing positioning, because the drop in demand has shifted considerable pricing power to the customer
Read more:
http://ehotelier.com/hospitality-news/item.php?id=P16829
Read more:
http://ehotelier.com/hospitality-news/item.php?id=P16829
Punch could sell 3,000 pubs by 2012
Douglas Jack, of Numis Securities, says that he believes Punch will eventually sell between 25 and 35% of the entire tenanted estate to focus on better performing pubs.
Jack said: “In all the major pub groups, under-performance is heavily weighted to the bottom 20% of pubs. "We estimate that if Punch were to sell these pubs, average pub profitability would increase 18%, transforming its company’s estate quality and like-for-like trading prospects in a sector that is benefiting from 4% annual supply reduction.”
Read more:
http://www.morningadvertiser.co.uk/news.ma/article/83969
Jack said: “In all the major pub groups, under-performance is heavily weighted to the bottom 20% of pubs. "We estimate that if Punch were to sell these pubs, average pub profitability would increase 18%, transforming its company’s estate quality and like-for-like trading prospects in a sector that is benefiting from 4% annual supply reduction.”
Read more:
http://www.morningadvertiser.co.uk/news.ma/article/83969
Melco Crown Entertainment Reports Second Quarter 2009 Earnings
NEW YORK, Aug. 6, 2009 (GLOBE NEWSWIRE) -- Melco Crown Entertainment Limited (Nasdaq:MPEL), a developer and owner of casino gaming and entertainment resort facilities focused on the Macau market, today reported its unaudited financial results for the second quarter ending June 30, 2009.
For the second quarter of 2009, net revenue was US$215.8 million, down from US$384.6 million for the comparable period ending June 30, 2008. The decrease in net revenue was the result of greater rolling chip volume at Altira Macau in the second quarter of 2008, combined with low rolling chip hold percentages at Altira Macau and City of Dreams in the second quarter of 2009.
Read more:
http://www.melco-pbl.com/eng/ir.php
For the second quarter of 2009, net revenue was US$215.8 million, down from US$384.6 million for the comparable period ending June 30, 2008. The decrease in net revenue was the result of greater rolling chip volume at Altira Macau in the second quarter of 2008, combined with low rolling chip hold percentages at Altira Macau and City of Dreams in the second quarter of 2009.
Read more:
http://www.melco-pbl.com/eng/ir.php
Hotel Bel-Air will be closed nearly 2 years for renovation
The Hotel Bel-Air, a storied Mission-style landmark frequented by Hollywood's elite, will close for nearly two years for a multimillion-dollar face lift that will put hundreds of staffers out of work.The massive renovation, beginning Oct. 1, will include upgrades for all 91 rooms and suites, the hotel's Champagne Bar, its restaurant and private dining rooms. When it is finished in mid-2011, the hotel will boast 12 new villas and a spa with seven treatment rooms.
Read more:
http://www.latimes.com/business/la-fi-belair-hotel5-2009aug05,1,5454522.story
Read more:
http://www.latimes.com/business/la-fi-belair-hotel5-2009aug05,1,5454522.story
Property market turn boosts Punch and Enterprise share prices
Shares in Enterprise Inns and Punch Taverns continued to rise today as the City turned more positive on the outlook for the property and banking sectors.
Enterprise Inns investors have seen the value of the pubco’s stock rise 23 per cent since the beginning of August, trading today at 171.8p, while Punch shares are trading at 120p today, up 17 per cent since the start of the month.
Read more:
http://www.thepublican.com/story.asp?sectioncode=7&storycode=64733&c=1
Enterprise Inns investors have seen the value of the pubco’s stock rise 23 per cent since the beginning of August, trading today at 171.8p, while Punch shares are trading at 120p today, up 17 per cent since the start of the month.
Read more:
http://www.thepublican.com/story.asp?sectioncode=7&storycode=64733&c=1
Taj To Virgin Gorda For Caribbean Debut
August 5, 2009 – New York, New York – The developers of Nail Bay Resort and Mooney Bay Estates recently signed a Memorandum of Understanding (“MOU”) with Taj Hotel Resorts and Palaces to develop the first Taj Exotica Resort, Spa & Luxury Residences in the Caribbean, Central America and South America.“On behalf of the British Virgin Islands Tourist Board, we could not be more pleased to welcome a brand of this caliber to the BVI,” said Myron Walwyn, Chairman of the British Virgin Islands Tourist Board. “This project demonstrates the premium quality as a tourist destination for which the BVI has long been known.”
Read more:
http://www.hotelsmag.com/article/CA6675039.html
Read more:
http://www.hotelsmag.com/article/CA6675039.html
Morton's Restaurant Group, Inc. Reports Results For Second Quarter 2009
-- Revenues decreased 19.8% to $68.7 million.
-- Comparable restaurant revenues for Morton's steakhouses decreased 26.1% for the second quarter of fiscal 2009 ended July 5, 2009.
-- The decrease in revenues is primarily attributable to the decrease in comparable restaurant revenues. A portion of the decrease was offset by an increase in revenues from four new Morton's steakhouses opened during fiscal 2008 and one new Morton's steakhouse opened during the irst quarter of fiscal 2009.
Read more:
http://investor.mortons.com/phoenix.zhtml?c=196267&p=irol-newsArticle&ID=1317322&highlight=
-- Comparable restaurant revenues for Morton's steakhouses decreased 26.1% for the second quarter of fiscal 2009 ended July 5, 2009.
-- The decrease in revenues is primarily attributable to the decrease in comparable restaurant revenues. A portion of the decrease was offset by an increase in revenues from four new Morton's steakhouses opened during fiscal 2008 and one new Morton's steakhouse opened during the irst quarter of fiscal 2009.
Read more:
http://investor.mortons.com/phoenix.zhtml?c=196267&p=irol-newsArticle&ID=1317322&highlight=
Las Vegas Sands, Wynn IPOs seen as sure wins
HONG KONG/LOS ANGELES (Reuters) - With Las Vegas struggling, investors keen to place bets on casino companies will plunk their money down on U.S. casino archrivals Las Vegas Sands (LVS.N) and Wynn Resorts (WYNN.O) IPOs in Hong Kong for a stake in Macau, the world's biggest gambling market.
Read more:
http://www.reuters.com/article/ousiv/idUSTRE5750M320090806
Read more:
http://www.reuters.com/article/ousiv/idUSTRE5750M320090806
