More specifically, for the second quarter of its fiscal 2018, Darden's revenue a climbed 14.6 % year over year to $ 1.88 billion — comfortably above the $ 1.85 billion investors were anticipating — including 11.5 % growth related to its acquisition of Cheddar's Scratch Kitchen earlier this year, and a 3.1 % increase in blended same -
restaurant sales from Darden's legacy brands.
Not exact matches
Previously, same - store
sales growth represented the estimated percentage change in
sales of all
restaurants in the Company system that have been open for one year or more, and the base stores changed on a rolling basis
from month to month.
Net income jumped to $ 433 million
from $ 280 million last year, reflecting gains
from the
sale of company - owned
restaurants to franchisees.
His business Food Farm has since sustained it's needs and hired on several employees to grow, profiting
from sales at Detroit's Eastern Market, through the City Commons Agricultural program, and by selling to local
restaurants and businesses.
«The recent Tuesday promotion shift
from traditional to boneless wings at company - owned
restaurants will continue to improve cost of
sales while traditional wing prices remain elevated,» said Sally Smith, the CEO of Buffalo Wild Wings, in a statement.
Second quarter
sales at Panera's company - owned cafes rose 4.2 % on a comparable basis, a metric that indicates a
restaurant's health by excluding any gains
from new store openings.
«The recent Tuesday promotion shift
from traditional to boneless wings at company - owned
restaurants will continue to improve cost of
sales while traditional wing prices remain elevated,» CEO Sally Smith said in a statement.
Lightspeed makes point - of -
sale technology to help independent retailers and
restaurants do everything
from processing transactions to managing inventory.
That's an important metric for the
restaurant industry, as it excludes
sales from newer locations.
When she was named CEO in 2007, guest visits had been declining for years,
restaurant sales and profit trends were negative, and the company stock price had dropped
from $ 34 in 2002 to $ 13.
There's lots of room to grow, but more of the growth will come
from same - store
restaurant sales.
Around 12 % of total
sales at casual dining
restaurants come
from adult beverages, says Bryan Elliott, a Raymond James
restaurant analyst.
Also wine
sales at food service channels like
restaurants increased 4.2 %
from 2011 to 2012 to reach $ 19.2 billion in
sales.
At Premier Payment Systems, a credit card processing company in Oak Brook, Illinois,
sales mirror the economy's peaks and valleys: less business
from white - tablecloth
restaurants and construction companies, more
from pizza joints and what CEO Drew Sementa calls «business opportunity» firms.
Yum on Oct. 15 warned investors that its results
from China would continue to be volatile and said the division's same -
restaurant sales could be flat to up 4 % for the fourth quarter on gains at KFC and declines at Pizza Hut Casual Dining.
The fast - food chain generates as much as 70 percent of its
sales from hungry drivers, according to John Gordon, principal at San Diego - based Pacific Management Consulting Group and an adviser to
restaurant franchisees.
AlixPartners» forecast, due to be published on Wednesday, is the first estimate to be released among industry and consultancy groups and excludes
sales from automotives,
restaurants and gasoline.
Increased competition
from fast casual
restaurants like Chipotle (CMG) and Panera (PNRA) that appealed to health - conscious diners compressed MCD's margins and sent its
sales slumping.
At home, the company's annual same - store
sales growth in Canada — a measure of the performance of
restaurants open for more than a year — have slipped
from a high of six per cent in the mid-2000s to little more than one per cent last year.
With our same -
restaurant sales assumptions, new unit — our new
restaurant unit growth plans and cost expectations, we anticipate that reported diluted net earnings per share growth
from continuing operations for fiscal 2013 will be between 8 % and 12 % compared to our reported diluted net earnings per share
from continuing operations of $ 3.58 in fiscal 2012.
In our Specialty
Restaurant Group, same -
restaurant sales growth at each brand was strong in fiscal 2013 — 2012 rather, and that speaks to really the good competitive position that each of those brands have, and it also speaks to the fact that each has a guest base that's just better insulated
from the macroeconomic sluggishness that we've seen.
The
sales result for Dunkin Donuts U.S. stores marked an improvement
from the 2.7 % gain seen in the first quarter, as traffic to Dunkin's
restaurants bounced back following the impact of wintry conditions in the Northeast.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the
restaurant industry; factors impacting our ability to drive
sales growth; the impact of indebtedness we incurred in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's
restaurant operations; a lack of suitable new
restaurant locations; higher - than - anticipated costs to open, close or remodel
restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions in the delivery of food and other products; volatility in the market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions in the financial markets; risk of doing business with franchisees and vendors in foreign markets; failure to protect our service marks or other intellectual property; a possible impairment in the carrying value of our goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes in accounting standards; and other factors and uncertainties discussed
from time to time in reports filed by Darden with the Securities and Exchange Commission.
Given our same -
restaurant assumptions and new
restaurant plans, we anticipate that the total
sales increase for the year will range
from plus 6 % to plus 7 %.
The company said it expects third quarter U.S. same -
restaurant sales to increase 1.1 %, cooling
from a 2.9 % gain in the second quarter.
In fiscal 2012, we generated $ 762 million in cash flow
from operations in what was a challenging economic environment, and we anticipate generating even stronger cash flows
from operations in fiscal 2013, driven by the combination of continuing same -
restaurant sales growth, accelerating new unit growth and an improvement in our operating margins.
We anticipate lower
restaurant labor expense and
restaurant expenses as a percentage of
sales this fiscal year
from same -
restaurant sales leverage and our transformational cost savings initiatives.
The 370 - basis - point improvement was primarily the result of lower commodity costs, as well as the positive impact
from Image Activation, and the
sale of our lower margin Canadian
restaurants in the second quarter of 2015.
And so as we enter fiscal 2013, we're looking for accelerated new
restaurant growth, same -
restaurant sales growth that's similar to fiscal 2012 on an overall basis but has a healthier mix
from a brand perspective, driven by better results at Olive Garden.
The sector has experienced eight consecutive months of declining
sales — with only February showing positive
sales growth — and traffic growth has trended down at an increasing rate since the beginning of 2015, according to TDn2K, which measures data based on weekly
sales from nearly 26,000
restaurant units and 130 - plus brands representing $ 65 billion in annual revenue.
Sales at retailers and
restaurants jumped 0.6 %
from a month earlier, the biggest increase since December, the Commerce Department said Tuesday.
Quarterly revenue grew 2 % year over year to $ 500 million, as revenue
from new locations was offset by a worse - than - expected 1.2 % same -
restaurant sales decline at company - owned
restaurants.
First, they divide the
restaurant universe into full - service and quick - service names with an intended 30/70 allocation between the two, which is a major difference
from the current situation in American
restaurants where quick - service names have 80 % of the
sales.
Buffalo Wild Wings also reduced its full - year financial guidance to call for same -
restaurant sales declines of 2 % to 1 % (compared to growth of 1 % previously), and adjusted earnings per diluted share in the range of $ 4.50 to $ 5.00 (down
from $ 5.45 to $ 5.90 before).
Search their directory for everything
from home - based business, retail shops, service businesses and
restaurants for
sale.
Retail and
restaurant sales rose a seasonally adjusted 1.1 % in September
from August, and the Commerce Department boosted its estimate for
sales over the summer.
Sales of U.S. fast casual
restaurants are expected to exceed $ 50 billion by 2018,
from about $ 34.5 billion in 2013, according to research firm Technomic.
Chipotle Mexican Grill said on April 25 that first - quarter
sales at established
restaurants increased by 18 percent on a «period - over-period» basis when Chipotle was grappling with customers getting sick
from its food.
Morgan Stanley estimates that online aggregators will lift
sales from $ 600 million in 2017 to $ 2.4 billion by 2025 as more consumers and
restaurants shift online and as aggregators expand into new markets.
Instead of bowing out under pressure
from national competition, local food delivery services in smaller markets across the U.S. are seeing
sales lifts and renewed
restaurant partnerships as Grubhub and Uber Eats show up on their scene.
The company said Burger King's
sales slipped 0.8 percent at established
restaurants in the U.S. and Canada, following disappointing results
from other
restaurant chains.
The market seems to be frustrated with the coffee chain, as comparable -
sales growth has slowed
from 5 % a few years ago to just 2 %, but considering the «
restaurant recession» going on in the U.S. over the last two years, Starbucks is still outperforming most of its peers.
The burrito chain, still trying to recover
from a series of food safety problems in 2015 that decimated the once high - flying company's business, said on Tuesday that
sales at established
restaurants, fell 4.8 % in the fourth quarter, their fifth straight quarterly decline and slightly deeper than the 3.7 % drop analysts were expecting.
«My great - grandfather came over
from Italy and started a bakery, soon getting into wholesaling with
restaurants and boutique shops,» Vice President of
Sales Kristen Boschetto says.
Brands in industries ranging
from quick service
restaurants to athleisure wear are trying to lift their
sales by cashing in on the CrossFit consumer.
O.K. Foods serves customers
from five sectors: quick - service
restaurants, traditional foodservice such as hotels, retail, commodity
sales and industrial
sales.
The Common Sense Nutrition Disclosure Act would redefine «
restaurant or similar retail food establishment» to include only those that «derive more than 50 percent of their total revenue
from the
sale» of
restaurant - type food, thereby removing most grocery and convenience stores
from the rule's coverage.
Although
restaurants remain the primary business, much of Mr. Green Tea's growth is coming
from store
sales.
«Wine
sales start
from hotels and
restaurants as these channels are the most direct way to affect end consumers» decisions,» he explained, adding that it will also continue to drive growth for e-commerce sector.
Speaking to the media on 22 March, Simon Wang, the newly appointed ASC COO, announced that in 2016, the company's wine
sales surpassed RMB 1 billion (US$ 145 million) generated
from five main
sales channels, namely direct
sale, retail, distributor, e-commerce and hotels,
restaurants and cafes (HORECA).