Proactiveinvestors Australia - Restaurants, pubs RSS feed Proactiveinvestors Australia - Restaurants, pubs feed en Sun, 21 Jan 2018 17:05:38 +1100 Genera CMS McDonald's bids to tickle taste buds with health drive Wed, 03 Aug 2016 00:34:00 +1000 Meritage Hospitality reports sales growth as it invests in new Wendy’s sites Fri, 22 Jul 2016 00:00:00 +1000 J D Wetherspoon chairman says Brexit is new Magna Carta Wed, 13 Jul 2016 17:44:00 +1000 First bids for a bite of McDonald's Thu, 23 Jun 2016 22:37:00 +1000 Yum Brands shares up in pre-market thanks to China performance Thu, 21 Apr 2016 22:02:00 +1000 McDonalds seeks partners for Asian growth plans Fri, 01 Apr 2016 01:00:00 +1100 JD Wetherspoon PLC boss backs Brexit as margins hit by wage rise Fri, 11 Mar 2016 20:35:00 +1100 Domino's Pizza profits bubble up on online orders Thu, 03 Mar 2016 19:00:00 +1100 Jefferies doesn’t think restaurants that tasty Fri, 22 Jan 2016 02:18:00 +1100 JD Wetherspoon lifts festive sales but warns on profit Wed, 20 Jan 2016 19:30:00 +1100 McDonald's hit with more complaints in Europe Wed, 13 Jan 2016 02:34:00 +1100 JD Wetherspoon suffers cyber-security breach Fri, 04 Dec 2015 19:33:00 +1100 Wendy's reports better-than-estimated Q3 same-restaurant sales; shares rise Thu, 05 Nov 2015 02:18:00 +1100 ex-Taco Bell exec charged in assault on Uber driver Thu, 05 Nov 2015 01:31:00 +1100 Wetherspoon warns on annual profits as wages rise Wed, 04 Nov 2015 22:40:00 +1100 Starbucks guides for disappointing profit in the holiday quarter Fri, 30 Oct 2015 23:34:00 +1100 Restaurant Brands Q3 profit surges on lower costs Wed, 28 Oct 2015 04:53:00 +1100 McDonalds shares gain weight on quarterly results Fri, 23 Oct 2015 02:43:00 +1100 Yum Brands ‘hold’ maintained at Jefferies after China spin-off plan Thu, 22 Oct 2015 05:21:00 +1100 Starbucks, Fiat to to repay EU millions over illegal tax deals Thu, 22 Oct 2015 00:43:00 +1100 Yum Brands shares jump on China spin-off plan Wed, 21 Oct 2015 02:18:00 +1100 Yum Brands appoints activist investor Meister to its board Sat, 17 Oct 2015 00:59:00 +1100 Ruby Tuesday skids on surprise first-quarter loss Ruby Tuesday (NYSE:RT) skidded on Friday after the restaurant operator swung to an unexpected fiscal first-quarter loss.

Shares fell 16% to a 52-week low of $5.56 at 9:33 a.m. in New York.

Net loss was $4.2mln, or $0.07 per share, in the quarter ended September 1, compared to net income of $2.6mln, or $0.04 per share, last year, the Maryville, Tennessee-based company said in a statement late on Thursday.

Adjusted loss for the quarter were $0.03 per share, compared to adjusted earnings of $0.01 per share last year.

First-quarter revenue decreased to $279.5 million from $281.2 million last year.

Analysts polled by Capital IQ had predicted a profit of $0.05 per share on revenue of $278.98 million for the quarter. 

First-quarter same-restaurant sales were lower than a year ago, in part due to a late Labor Day holiday this year. Sales during that holiday will be reported in the second quarter, not in the first quarter as last year, the company said. 



Fri, 09 Oct 2015 19:39:00 +1100
YUM! Brands China woes likely to persist, says Jefferies China challenges persist for KFC and Pizza Hut operator Yum Foods (NYSE:YUM),  says US broker Jefferies, which says 'hold' the stock.

It has also lowered the price target to US$71 from US$80 yesterday. Shares are today at US$67.25 each.

On Wednesday, the firm revealed like-for-like sales in China for its third quarter rose just 2%, instead of a figure closer to 10%, which was what Wall Street had been expecting.

The company also lowered full-year expectations for China and, allied to unhelpful foreign exchange movements, the company expects this will lead to the group's earnings per share growth over the full year "to be well below our target of at least 10%".

"We assumed macro conditions and the devaluing of the Yuan would have some negative impact on China's results during the qtr., but increasing competition, primarily from online aggregators, and subsequently under-performing marketing initiatives are also contributing to a slower than expected recovery for the division," said Jeffs  analyst Andy Barish.

"We continue to see challenges on returning China to its historical financial and growth profile," he added.

The group expects to open around 2,000 new units outside the US against around 2,100 as of the second quarter, and continues to expect 700 new units in China, assuming current conditions in the region are temporary and the 3-4 year payback period for new units is sustainable, he said, adding this seemed optimistic in the broker's view.

Fri, 09 Oct 2015 04:44:00 +1100
UPDATE-Domino’s Pizza hits 6-week low as Q3 profit misses Street view ---UPDATES SHARE PRICE---

Domino's Pizza (NYSE:DPZ) slumped on Thursday after the second-largest U.S. pizza chain reported a quarterly profit that lagged behind Wall Street expectations amid ongoing pressure from a strong dollar.

Net income rose to $37.8mln, or $0.67 per share, for the fiscal third quarter ended September 6, from $35.6mln, or $0.63 per share, in the year-earlier quarter, the Ann Arbor, Michigan-based company said in a statement on Thursday.

Third-quarter revenue rose 8.5% to $484.7mln year-over-year.

Analysts on average had predicted earnings of $0.74 per share and revenue of $487.1mln.

Domino's U.S. sales at established company-owned restaurants were up 11.5% for the quarter. International same-store sales rose 7.7%.

Shares were down 5.54% in New York at the time of writing to US$102.4.





Fri, 09 Oct 2015 04:09:00 +1100
Yum! Brands lowers guidance after Chinese growth disappoints Thu, 08 Oct 2015 01:10:00 +1100 McDonalds shares flip higher as it launches all-day breakfast menu Global burger giant McDonalds (NYSE:MCD) shares added half a percent on Tuesday as it's much anticIpated roll-out of the all-day breakfast started in the USA.

The move to all-day breakfast in a bid to boost sales was approved in a vote by franchisees in August, the Oak Brook, Illinois-based company has said.

"All Day Breakfast is the No. 1 request from customers. In fact, more than 120,000 people tweeted McDonald's asking for breakfast throughout the day in the past year alone," said Paul Hendel, McDonald's owner with restaurants in New York. 

"For many of our customers, there isn't a set time for breakfast. We've listened to our customers' feedback, and we're excited to offer the McDonald's food they love, when and how they want it.

McDonalds is also trying to compete with restaurants like Taco Bell and Starbucks, which has morning offerings.

Franchisees own about 90 percent of the company’s roughly 14,350 restaurants in the U.S.

McDonald’s began testing all-day breakfast about six months ago in San Diego and later in Nashville and Mississippi, and in June, convened a seven-member task force of franchisees to study a nationwide rollout.

Shares were up 0.53% to US$101.73.

Wed, 07 Oct 2015 04:16:00 +1100
Top shares fall further on downbeat UK building data Fri, 11 Sep 2015 22:45:00 +1000 Wetherspoon to expand hotel business as profits dip Fri, 11 Sep 2015 22:00:00 +1000 McDonald’s to roll out all-day breakfast Oct. 6; shares up McDonald’s (NYSE:MCD) rose in morning trades as the world’s largest burger chain plans to start selling all-day breakfast across the United States on October 6.

Shares advanced 1.6% to $94.96 at 9:56 a.m. in New York.

The move to all-day breakfast was approved in a vote by franchisees last week and affirmed Tuesday by a franchisee leadership council, the Oak Brook, Illinois-based company said.

Franchisees own about 90 percent of the company’s roughly 14,350 restaurants in the U.S.

Under the new plan, restaurants will sell either muffin- or biscuit-based sandwiches, along with hot cakes, sausage burritos, fruit-and-yogurt parfaits, oatmeal and hash browns.

Chief Executive Officer Steve Easterbrook, who took over on March 1, has vowed to revamp the burger giant’s stale image and end a sales slide in the U.S. that started nearly three years ago.

McDonald’s customers for years have asked the company to sell breakfast items past the traditional 10:30 a.m. cut-off, but the challenges of cooking Egg McMuffins alongside Big Macs deterred the company.  

McDonald’s began testing all-day breakfast about six months ago in San Diego and later in Nashville and Mississippi, and in June, convened a seven-member task force of franchisees to study a nationwide rollout.

Thu, 03 Sep 2015 02:09:00 +1000