Proactiveinvestors Australia - Restaurants, pubs RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Restaurants, pubs feed en Sun, 21 Jan 2018 17:05:38 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com McDonald's bids to tickle taste buds with health drive http://www.proactiveinvestors.com.au/companies/news/128915/mcdonald-s-bids-to-tickle-taste-buds-with-health-drive-128915.html Wed, 03 Aug 2016 00:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128915/mcdonald-s-bids-to-tickle-taste-buds-with-health-drive-128915.html Meritage Hospitality reports sales growth as it invests in new Wendy’s sites http://www.proactiveinvestors.com.au/companies/news/128476/meritage-hospitality-reports-sales-growth-as-it-invests-in-new-wendys-sites-128476.html Fri, 22 Jul 2016 00:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128476/meritage-hospitality-reports-sales-growth-as-it-invests-in-new-wendys-sites-128476.html J D Wetherspoon chairman says Brexit is new Magna Carta http://www.proactiveinvestors.com.au/companies/news/128145/j-d-wetherspoon-chairman-says-brexit-is-new-magna-carta-128145.html Wed, 13 Jul 2016 17:44:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128145/j-d-wetherspoon-chairman-says-brexit-is-new-magna-carta-128145.html First bids for a bite of McDonald's http://www.proactiveinvestors.com.au/companies/news/127448/first-bids-for-a-bite-of-mcdonald-s-127448.html Thu, 23 Jun 2016 22:37:00 +1000 http://www.proactiveinvestors.com.au/companies/news/127448/first-bids-for-a-bite-of-mcdonald-s-127448.html Yum Brands shares up in pre-market thanks to China performance http://www.proactiveinvestors.com.au/companies/news/125085/yum-brands-shares-up-in-pre-market-thanks-to-china-performance-125085.html Thu, 21 Apr 2016 22:02:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125085/yum-brands-shares-up-in-pre-market-thanks-to-china-performance-125085.html McDonalds seeks partners for Asian growth plans http://www.proactiveinvestors.com.au/companies/news/124283/mcdonalds-seeks-partners-for-asian-growth-plans-124283.html Fri, 01 Apr 2016 01:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/124283/mcdonalds-seeks-partners-for-asian-growth-plans-124283.html JD Wetherspoon PLC boss backs Brexit as margins hit by wage rise http://www.proactiveinvestors.com.au/companies/news/123565/jd-wetherspoon-plc-boss-backs-brexit-as-margins-hit-by-wage-rise-123565.html Fri, 11 Mar 2016 20:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123565/jd-wetherspoon-plc-boss-backs-brexit-as-margins-hit-by-wage-rise-123565.html Domino's Pizza profits bubble up on online orders http://www.proactiveinvestors.com.au/companies/news/123240/domino-s-pizza-profits-bubble-up-on-online-orders-123240.html Thu, 03 Mar 2016 19:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123240/domino-s-pizza-profits-bubble-up-on-online-orders-123240.html Jefferies doesn’t think restaurants that tasty http://www.proactiveinvestors.com.au/companies/news/121617/jefferies-doesnt-think-restaurants-that-tasty-121617.html Fri, 22 Jan 2016 02:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121617/jefferies-doesnt-think-restaurants-that-tasty-121617.html JD Wetherspoon lifts festive sales but warns on profit http://www.proactiveinvestors.com.au/companies/news/121527/jd-wetherspoon-lifts-festive-sales-but-warns-on-profit-121527.html Wed, 20 Jan 2016 19:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121527/jd-wetherspoon-lifts-festive-sales-but-warns-on-profit-121527.html McDonald's hit with more complaints in Europe http://www.proactiveinvestors.com.au/companies/news/121235/mcdonald-s-hit-with-more-complaints-in-europe-121235.html Wed, 13 Jan 2016 02:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/121235/mcdonald-s-hit-with-more-complaints-in-europe-121235.html JD Wetherspoon suffers cyber-security breach http://www.proactiveinvestors.com.au/companies/news/120053/jd-wetherspoon-suffers-cyber-security-breach-120053.html Fri, 04 Dec 2015 19:33:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120053/jd-wetherspoon-suffers-cyber-security-breach-120053.html Wendy's reports better-than-estimated Q3 same-restaurant sales; shares rise http://www.proactiveinvestors.com.au/companies/news/117081/wendy-s-reports-better-than-estimated-q3-same-restaurant-sales-shares-rise-117081.html Thu, 05 Nov 2015 02:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117081/wendy-s-reports-better-than-estimated-q3-same-restaurant-sales-shares-rise-117081.html ex-Taco Bell exec charged in assault on Uber driver http://www.proactiveinvestors.com.au/companies/news/117077/ex-taco-bell-exec-charged-in-assault-on-uber-driver-117077.html Thu, 05 Nov 2015 01:31:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117077/ex-taco-bell-exec-charged-in-assault-on-uber-driver-117077.html Wetherspoon warns on annual profits as wages rise http://www.proactiveinvestors.com.au/companies/news/117064/wetherspoon-warns-on-annual-profits-as-wages-rise-117064.html Wed, 04 Nov 2015 22:40:00 +1100 http://www.proactiveinvestors.com.au/companies/news/117064/wetherspoon-warns-on-annual-profits-as-wages-rise-117064.html Starbucks guides for disappointing profit in the holiday quarter http://www.proactiveinvestors.com.au/companies/news/116888/starbucks-guides-for-disappointing-profit-in-the-holiday-quarter-116888.html Fri, 30 Oct 2015 23:34:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116888/starbucks-guides-for-disappointing-profit-in-the-holiday-quarter-116888.html Restaurant Brands Q3 profit surges on lower costs http://www.proactiveinvestors.com.au/companies/news/116732/restaurant-brands-q3-profit-surges-on-lower-costs-116732.html Wed, 28 Oct 2015 04:53:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116732/restaurant-brands-q3-profit-surges-on-lower-costs-116732.html McDonalds shares gain weight on quarterly results http://www.proactiveinvestors.com.au/companies/news/116538/mcdonalds-shares-gain-weight-on-quarterly-results-116538.html Fri, 23 Oct 2015 02:43:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116538/mcdonalds-shares-gain-weight-on-quarterly-results-116538.html Yum Brands ‘hold’ maintained at Jefferies after China spin-off plan http://www.proactiveinvestors.com.au/companies/news/116502/yum-brands-hold-maintained-at-jefferies-after-china-spin-off-plan-116502.html Thu, 22 Oct 2015 05:21:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116502/yum-brands-hold-maintained-at-jefferies-after-china-spin-off-plan-116502.html Starbucks, Fiat to to repay EU millions over illegal tax deals http://www.proactiveinvestors.com.au/companies/news/116485/starbucks-fiat-to-to-repay-eu-millions-over-illegal-tax-deals-116485.html Thu, 22 Oct 2015 00:43:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116485/starbucks-fiat-to-to-repay-eu-millions-over-illegal-tax-deals-116485.html Yum Brands shares jump on China spin-off plan http://www.proactiveinvestors.com.au/companies/news/116436/yum-brands-shares-jump-on-china-spin-off-plan-116436.html Wed, 21 Oct 2015 02:18:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116436/yum-brands-shares-jump-on-china-spin-off-plan-116436.html Yum Brands appoints activist investor Meister to its board http://www.proactiveinvestors.com.au/companies/news/116311/yum-brands-appoints-activist-investor-meister-to-its-board-116311.html Sat, 17 Oct 2015 00:59:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116311/yum-brands-appoints-activist-investor-meister-to-its-board-116311.html Ruby Tuesday skids on surprise first-quarter loss http://www.proactiveinvestors.com.au/companies/news/116048/ruby-tuesday-skids-on-surprise-first-quarter-loss-116048.html 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. 

 

 

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Fri, 09 Oct 2015 19:39:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116048/ruby-tuesday-skids-on-surprise-first-quarter-loss-116048.html
YUM! Brands China woes likely to persist, says Jefferies http://www.proactiveinvestors.com.au/companies/news/116008/yum-brands-china-woes-likely-to-persist-says-jefferies-116008.html 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.


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Fri, 09 Oct 2015 04:44:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116008/yum-brands-china-woes-likely-to-persist-says-jefferies-116008.html
UPDATE-Domino’s Pizza hits 6-week low as Q3 profit misses Street view http://www.proactiveinvestors.com.au/companies/news/116005/update-dominos-pizza-hits-6-week-low-as-q3-profit-misses-street-view-116005.html ---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.

 

 

 

 

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Fri, 09 Oct 2015 04:09:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116005/update-dominos-pizza-hits-6-week-low-as-q3-profit-misses-street-view-116005.html
Yum! Brands lowers guidance after Chinese growth disappoints http://www.proactiveinvestors.com.au/companies/news/115919/yum-brands-lowers-guidance-after-chinese-growth-disappoints-115919.html Thu, 08 Oct 2015 01:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/115919/yum-brands-lowers-guidance-after-chinese-growth-disappoints-115919.html McDonalds shares flip higher as it launches all-day breakfast menu http://www.proactiveinvestors.com.au/companies/news/115132/mcdonalds-shares-flip-higher-as-it-launches-all-day-breakfast-menu-115132.html 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.

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Wed, 07 Oct 2015 04:16:00 +1100 http://www.proactiveinvestors.com.au/companies/news/115132/mcdonalds-shares-flip-higher-as-it-launches-all-day-breakfast-menu-115132.html
Top shares fall further on downbeat UK building data http://www.proactiveinvestors.com.au/companies/news/110718/top-shares-fall-further-on-downbeat-uk-building-data-110718.html Fri, 11 Sep 2015 22:45:00 +1000 http://www.proactiveinvestors.com.au/companies/news/110718/top-shares-fall-further-on-downbeat-uk-building-data-110718.html Wetherspoon to expand hotel business as profits dip http://www.proactiveinvestors.com.au/companies/news/110706/wetherspoon-to-expand-hotel-business-as-profits-dip-110706.html Fri, 11 Sep 2015 22:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/110706/wetherspoon-to-expand-hotel-business-as-profits-dip-110706.html McDonald’s to roll out all-day breakfast Oct. 6; shares up http://www.proactiveinvestors.com.au/companies/news/115131/mcdonalds-to-roll-out-all-day-breakfast-oct-6-shares-up-115131.html 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.


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Thu, 03 Sep 2015 02:09:00 +1000 http://www.proactiveinvestors.com.au/companies/news/115131/mcdonalds-to-roll-out-all-day-breakfast-oct-6-shares-up-115131.html