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Papa Murphy's announces refranchising and development agreement with new franchise owner in Denver market

Wednesday, 22 Feb 2017 04:11pm EST

Papa Murphy's Holdings Inc : Papa Murphy's announces refranchising and development agreement with new franchise owner in Denver market . Papa Murphy's Holdings Inc says commits to build three additional stores over next three years . Cash flow generated from refranchising is expected to be used to reduce leverage .Papa Murphy's says Barren Troy Holdings has agreed to acquire six company-owned stores in Denver, CO market.

Jack in the Box Inc Q1 earnings per share $1.14 from continuing operations

Wednesday, 22 Feb 2017 04:05pm EST

Jack in the Box Inc : Jack in the Box Inc. reports first quarter FY 2017 earnings; updates guidance for FY 2017; declares quarterly cash dividend . Q1 earnings per share $1.14 from continuing operations . Q1 GAAP earnings per share $1.18 from continuing operations excluding items . Q1 earnings per share view $1.24 -- Thomson Reuters I/B/E/S . System same-store sales increased 3.1 percent for quarter . Restructuring charges of $2.0 million, or approximately $0.04 per diluted share, were recorded during Q1 of fiscal 2017 . Qtrly same store sales increased 0.6 percent . Sees Q2 2017 same-store sales of flat to down 2.0 percent at Jack in the Box system restaurants . Sees FY 2017 same-store sales increase of about 2.0 percent at Jack in the Box system restaurants . Sees FY 2017 capital expenditures of approximately $100 million .Qtrly company restaurant sales $367.3 million versus $353.2 million.

Asrapport Dining announces merger between units

Wednesday, 22 Feb 2017 02:00am EST

Asrapport Dining Co Ltd <3069.T>: Says the co plans to merge two Tokyo-based Japanese traditional pub subsidiaries into one . Says the co's Osaka-based Japanese traditional pub subsidiary will also undertake the merger with a Tokyo-based noodle firm, which is 90.7 percent owned by the co .Says effective date on April 1.

Bloomin' Brands says most of the restaurants will close in 2017

Friday, 17 Feb 2017 07:06am EST

Bloomin' Brands Inc : Bloomin' Brands Inc - on February 15, 2017, company decided to close 43 underperforming restaurants . Bloomin' Brands - most of the restaurants will close in 2017 . Bloomin' Brands - recognized pre-tax asset impairments and closing costs of $46.5 million during thirteen weeks and fiscal year ended december 25, 2016 .Bloomin' Brands Inc - expects to incur additional charges of approximately $19.5 million to $23.5 million over next three years related to closures.

Noodles & Company announces private placement financing, strategic initiatives to improve operating performance and provides preliminary fourth quarter update

Thursday, 9 Feb 2017 04:05pm EST

Noodles & Co : Noodles & Company announces private placement financing, strategic initiatives to improve operating performance and provides preliminary fourth quarter update . Says announces plan to close approximately 55 underperforming restaurants . Noodles & Co says private placement raises $18.5 million . Sees Q4 total revenue between $129.0 million and $130.0 million. . Noodles & Co says anticipates taking non-cash impairment charge during fiscal quarter ended January 3, 2017 that will range from $30.5 million to $31.5 million . Sees Q4 system-wide decrease in comparable restaurant sales of 1.3% . Noodles & Co says sees Q4 restaurant contribution margin between 11.5% and 12.0% .Also anticipates recording a charge during fiscal quarter ended January 3, 2017 of approximately $11.0 million.

Starbucks reports Q1 earnings per share $0.51

Thursday, 26 Jan 2017 04:01pm EST

Starbucks Corp : Starbucks reports record holiday and record q1 fy17 results . Q1 non-GAAP earnings per share $0.52 . Q1 GAAP earnings per share $0.51 . Q1 revenue $5.7 billion versus I/B/E/S view $5.85 billion . Q1 earnings per share view $0.52 -- Thomson Reuters I/B/E/S . Starbucks Corp - company reaffirms outlook for fiscal 2017 . Starbucks Corp says continue to expect mid-single digit comparable store sales growth globally for 2017 . Qtrly global comparable store sales increased 3pct . Mobile order and pay represented 7pct of U.S. Company-Operated transactions in quarter . Starbucks Corp - continue to expect FY 2017 GAAP EPS in range of $2.09 to $2.11 and non-GAAP EPS in range of $2.12 to $2.14 . Starbucks Corp says consolidated revenue growth now expected to be in range of 8pct to 10 pctfor 2017 . Qtrly U.S. Comparable store sales increased 3pct . Q1 comparable store sales up 6pct in China . Company reaffirms outlook for fiscal 2017 . Active membership in starbucks rewards grew 16pct year-over-year to 12.9 million members in U.S. In quarter . Starbucks Corp - 2017 consolidated revenue growth now expected to be in range of 8pct to 10pct . FY2017 earnings per share view $2.14, revenue view $23.11 billion -- Thomson Reuters I/B/E/S . A 1pct decrease in EMEA comparable store sales in Q1 . Starbucks Corp - continue to expect approximately 2,100 net new stores globally in 2017.

Whitbread says Q3 total sales growth of 8.6 pct

Thursday, 26 Jan 2017 02:32am EST

Whitbread Plc : Good total sales growth of 8.6 pct for q3 . On track to deliver full year results in line with expectations . In quarter our brands continued to win market share growing total sales by 8.6 pct and like for like sales by 1.7 pct . Trading since end of quarter is such that we expect to deliver full year results in line with expectations. . We have opened 15 hotels in uk since start of year, increasing number of rooms available by 9.7 pct . Like for like sales grew by 1.8 pct benefitting from our hotel extension programme which, as expected, diluted our like for like revpar, which was down 1.3 pct. . In quarter, costa delivered total sales growth of 12.5 pct and good like for like sales growth of 4.3 pct . This performance was supported by its new advertising and promotional campaigns and benefitted from timing of quarter end, which included a strong start to christmas period . For comparable period, to 26 november, excluding this timing benefit, costa's like for like sales growth was 2.9 pct .3 . Year to date we opened 186 net new stores worldwide and installed 1,266 costa express machines .We now expect to install at least 1,500 new costa express machines this financial year..

Brinker International Q2 EPS $0.71 excluding items

Wednesday, 25 Jan 2017 07:26am EST

Brinker International Inc : Brinker International reports second quarter results . Q2 gaap earnings per share $0.69 . Q2 revenue $771 million versus I/B/E/S view $786.7 million . Q2 earnings per share view $0.74 -- Thomson Reuters I/B/E/S . Sees FY 2017 earnings per share $3.05 to $3.15 excluding items . Q2 earnings per share $0.71 excluding items . Brinker International Inc qtrly chili's company-owned comparable restaurant sales in Q2 of fiscal 2017 decreased 3.3 percent . Brinker International Inc - "we are not satisfied with our Q2 results" . Brinker International Inc - qtrly Maggiano's comparable restaurant sales in Q2 of fiscal 2017 decreased 0.8 percent . Fy 2017 comparable restaurant sales are now estimated to be down 1.5 to 2.0 percent . Brinker International Inc qtrly total revenue $748.7 million versus $765.7 million . Says FY 2017 total revenues are now estimated to decrease approximately 2.0 to 2.5 percent on a gaap basis . Brinker International Inc - overall performance in Q2 was hurt by a much weaker-than-expected casual dining category . Brinker International - FY 2017 restaurant operating margin is now estimated to be down approximately 90 basis points year-over-year on a 52 week basis . Brinker International - have reorganized chili's restaurant operations team and certain positions at restaurant support center to streamline staffing.

Y's Table to dissolve restaurant unit in Taiwan

Wednesday, 21 Dec 2016 03:00am EST

Y's Table Corp <2798.T>:Says it plans to dissolve 70-percent-owned restaurant unit in Taiwan.

McDonald's says is creating a new integrated international holding co structure

Thursday, 8 Dec 2016 10:25am EST

McDonald's Corp : Creating a new integrated international holding company structure as part of its recent business re-organisation . New international holding company structure will be located in the UK and domiciled in the UK for tax purposes . Changes will result in the creation of a unified structure located in the United Kingdom . The new change will result in the closure of the company’s operations in Geneva . Co's office in Luxembourg to retain responsibility for luxembourg restaurants but other functions will transfer to new UK-based holding co Further company coverage: [MCD.N] ((Bangalore.newsroom@thomsonreuters.com;)).

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