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Cheesecake Factory (CAKE)
Cheesecake Factory announced preliminary, unaudited revenues and comparable restaurant sales for the fourth quarter of fiscal 2009, which ended on December 29, 2009. Total unaudited revenues were approximately $401 million in the fourth quarter of fiscal 2009 as compared to $400 million in the prior year fourth quarter.
Comparable restaurant sales decreased 0.9% in the fourth quarter of fiscal 2009 from the fourth quarter of the prior year.
I'm seeing a trend of restaurants reporting same store sales declines in Q4 2009 compared to Q4 2008. The fourth quarter of 2008 wasn't exactly a pretty time for the economy, what with stock market meltdown, etc. So, for Q4 2009 SSS to decline from that level - that's kind of a problem.
Jan 13 · 7:06:00 AM · Source: Company Press Release
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by Rich Pike
Domino's Pizza (DPZ)
Citigroup upgraded Domino's Pizza from Hold to Buy.
Jan 12 · 3:28:00 PM
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by Rich Pike
Papa John's (PZZA)
Papa John's, the recognized quality leader and world's third-largest pizza chain with more than 3,400 restaurants in 30 countries, announced today a first-time sponsorship to be the Official Pizza Sponsor of the NFL and Super Bowl XLIV. Papa John's will activate its sponsorship in several ways, including using the official status to celebrate January as "National Football Month," the time of year when football games matter most - all leading up to The Big Game on Sunday, February 7.
"Companies and brands associate with the NFL and the Super Bowl because they are committed to a quality and leadership position, and that's consistent with our philosophy at Papa John's," said Andrew Varga, Papa John's Chief Marketing Officer. "This is an important marketing partnership for Papa John's, as there is no better combination in our industry than pizza and NFL football. The Super Bowl is the grandest stage - or 'house' as we like to call it - and Papa John's is thrilled to be in the house with football fans at this event."
Jan 12 · 3:07:00 PM · Source: Company Press Release
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by Rich Pike
CKE Restaurants (CKR)
CKE Restaurants today announced two franchise agreements that will bring an additional 31 Carl's Jr.(R) restaurants to Texas over the next nine years. Frontera Star Foods has committed to opening 20 units in the Laredo, Brownsville, McAllen, and Harlingen areas in Southeast Texas. The second franchisee, Burger Barons, has agreed to open 11 units throughout the Waco, Killeen, Temple, College Station and Bryan, Texas communities. Both franchisees are new members of the Carl's Jr. franchise community.
As of the end of its fiscal 2010 third quarter, CKE Restaurants, Inc., through its subsidiaries, had a total of 3,147 franchised, licensed or company-operated restaurants in 42 states and in 14 countries, including 1,221 Carl's Jr. restaurants and 1,913 Hardee's(R) restaurants.
Jan 12 · 2:58:00 PM · Source: Company Press Release
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by Rich Pike
Tiffany (TIF)
Tiffany & Co. Tuesday said worldwide sales during the two months holiday season -- the two months ended December 31, 2009 -- were up a healthy 17 percent vs. last year. Tiffany's management said it now believes net sales and earnings for the fiscal year ending January 31st will exceed its previous expectations.
Jan 12 · 11:08:00 AM · Source: Company News Release
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by Larry Etter
KB Home (KBH)
KB Home, the Los Angeles-based homebuilder, said Tuesday that it had posted quarterly net income of $100.7 million, or $1.31 a share, compared with a net loss of $307.3 million, or $3.96 a share, in the year-earlier quarter. KB said the latest quarter included an income tax benefit of $191.7 million. Revenue for the quarter fell 27% to $674.6 million. The company said average selling prices of a home fell 12% from the fourth quarter of 2008, while deliveries decreased 22%.
Revenues topped analyst estimates.
Jan 12 · 10:59:00 AM · Source: Company News Release
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by Larry Etter
Kona Grill (KONA)
Kona announced that for the fourth quarter 2009, sales increased 7.7% to $20.0 million from $18.6 million a year-ago, while comparable restaurant sales decreased approximately 8.1%. During its third quarter conference call in October, the Company had previously forecasted an approximate 9.0% decrease in comparable restaurant sales for the period. The Company will release and comment on these results during its next quarterly earnings call, scheduled for February 10, 2010.
SSS down 8.1%, ouch. Sure, that's better than their initial forecast of a 9.0% decline, but still not pretty.
Jan 12 · 7:47:00 AM · Source: Company Press Release
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by Rich Pike
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