In its most recent report, the chain posted a 3.6 percent drop in comparable
restaurant sales on a 16.6 percent decline in total revenue.
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.
On a conference call with analysts, Yum executives said KFC would have recorded a 3 percent growth in same -
restaurant sales had it not been for supply chain issues in the United Kingdom.
The fast - food chain
on Tuesday reported surprisingly strong first - quarter U.S. same -
restaurant sales, boosted by customers» enduring interest in ordering Egg McMuffins throughout the day.
Franchise and unconsolidated affiliate
restaurant sales are not included in Company
sales on the Consolidated Statements of Income; however, the franchise fees are included in the Company's revenues.
Yum shares fell 5 percent in premarket trading
on Wednesday after results showed
sales at
restaurants open at least a year rose 1 percent in the three months ended March 31, compared with the 2 percent expected by analysts, according to Thomson Reuters I / B / E / S.
On a conference call with analysts, Yum executives said KFC would have recorded a 3 percent growth in same -
restaurant sales had it not been for a serious supply snafu in the United Kingdom, where it has 871
restaurants.
Whether it be a food supplier for a
restaurant or an advertiser
on your website, understanding the needs and viewpoints of all parts of your supply chain and
sales funnel can be incredibly helpful.
«We all rely
on trust in our daily lives - that when
sales tax is added, it actually applies and equals the specified amount; that the meter in a taxi shows the correct amount provided by law and correctly measures the actual distance; that when you order takeout, the price you see online matches the amount you pay in the
restaurant.
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 chain recently became the largest quick - service chicken
restaurant chain based
on annual system - wide
sales, with the company reporting that it reached $ 5 billion in annual
sales in 2013.
Overall, McDonald's brings in about $ 20,000 in
sales per offering, per
restaurant,
on average.
Strassburg and her husband Mark had to take
on second jobs — she in magazine advertising
sales and he as a dog walker — to keep their barbecue
restaurant in business.
«Although the quick service
restaurant category remains very competitive / promotional, the data reflects continued underlying brand improvement at McDonald's in addition to what we believe will be tangible 2018 same - store
sales drivers,» analyst Andy Barish wrote
on Friday.
KFC especially relies
on international
sales, with more than 4,600
restaurants in China making up about a third of total global KFC locations.
April 30 - McDonald's Corp reported a better - than - expected rise in quarterly
sales at its
restaurants on Monday, helped by strong international
sales, especially in the UK and Germany, sending its shares up 3.6 percent.
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.
Concurrently, they would make
sales calls
on local gay bars and
restaurants, just as they had in Atlanta.
After four straight quarters of declining
sales and horrific losses of market share to competitors, the
restaurant chain's executives in Oak Brook, Ill. have gone
on the offensive with a snazzy new message centered around «love.»
Starbucks bulls see a growth story almost unparalleled in the
restaurant world, a chain that delivers unusually high same - store
sales growth year after year and remains
on track to keep growing worldwide.
These forward - looking statements include statements about our expectations regarding our high conviction that our «Winning Together» plan unveiled this morning will improve guest experience and drive
sales and profitability for our Tim Hortons
restaurant owners; our expectations regarding the growth potential for each of our three brands; and our expectations and belief that through our focus
on enhancing guest satisfaction and franchisee profitability, we will create value for all of our stakeholders for many years to come.
McDonald's (MCD)
on Monday reported a steeper - than - expected drop in January
sales at established
restaurants and pinned a big portion of the blame
on the after - effects of food safety scandals in China and Japan.
But when a plot of land
on that road finally went up for
sale, Kennedy, the founder of Noodles & Company — a $ 120 million national
restaurant chain headquartered nearby — discovered it was too close to the street for his liking.
Net losses (gains)
on disposal of assets,
restaurant closures, and refranchisings represent
sales of properties and other costs related to
restaurant closures and refranchisings.
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 manual accounting procedures
on which he had previously relied allowed only monthly reporting of transactions at the resort's airstrip,
restaurant, and 22 other
sales centers.
Along with virtually every major retail and
restaurant chain, Starbucks relies
on software that choreographs workers in precise, intricate ballets, using
sales patterns and other data to determine which of its 130,000 baristas are needed in its thousands of locations and exactly when.
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.
(A
restaurant might send an email to customers
on their birthday offering 50 % off an entree,) Email marketing helps a business develop and maintain a relationship with a customer over time that hopefully results in increased
sales and increased customer loyalty.
This robust
sales growth was driven by annual blended same -
restaurant sales growth of 4.6 %, building
on an already competitively superior average unit volumes of $ 6.4 million for the group.
In addition, to continue our same -
restaurant sales momentum in fiscal 2013, we will focus
on further elevating the guest experience along with growing all
sales channels including group and event dining, as well as national account relationships and continue to broaden the appeal of our menus.
Starting with the top line, North American system same -
restaurant sales increased 0.4 % or 2.6 %
on a two - year basis.
And I would say at Red Lobster, we think Red Lobster will have growth in same -
restaurant sales in fiscal 2013
on top of the strong growth that they had in fiscal 2012.
As icing
on the cake, operating income surged 30 % for McDonald's U.S. business, underscoring the profit potential that exists this year amid better
sales and McDonald's actively slashing expenses and re-franchising
restaurants.
The company shared
on Thursday that it's targeting U.S. same
restaurant sales growth of 2 % to 4 % over the next five years.
Nevertheless, Wingstop is well
on its way to achieving its 12th consecutive year of domestic same -
restaurant sales increases, no small feat in the ultra-competitive fast food business.
Quick - service
restaurants were the top performer based
on same - store
sales in the third quarter with a growth of 2.2 percent, and have posted the highest total
sales growth during the first half of this year, at a rate of 4.7 percent.
On a brand - by - brand basis, Olive Garden's annual same -
restaurant sales fell 1.2 %.
Fourth quarter same — fourth quarter
restaurant labor expenses were 50 basis points lower than last year
on a percentage of
sales basis due to increased productivity and lower
restaurant manager incentive compensation expense.
North America system same -
restaurant sales increased 0.4 %, 2.6 %
on a two - year basis.
On a blended same -
restaurant sales basis, results for Olive Garden, Red Lobster and LongHorn Steakhouse were down 1.9 % in the fourth quarter, which includes the adverse effect of an earlier Lenten season and Easter that impacted blended same -
restaurant sales by 40 basis points.
In fiscal 2013, our outlook is based
on combined same -
restaurant sales growth for Red Lobster, Olive Garden and LongHorn Steakhouse of between plus 1 % and plus 2 %.
At Denny's, which had same -
restaurant sales increase by 1 percent in its latest quarter and opened 13 new
restaurants while closing five, the executive team has placed a focus
on value to push the brand forward.
And so in 2012, we are in an industry that grew at about 1.2 %
on a same -
restaurant sales basis.
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.
Hey, Will, I think as you look at our long - term guidance, our P&L gets a lot less dependent
on same -
restaurant sales growth, and a lot more dependent
on a lot of these other elements that I hit
on,
on what's driving us towards that 38 % to 40 % margin improvement.
On same -
restaurant sales, we now expect 1 % to 2 % growth for the North America system.
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.
Well, starting with the Olive Garden question, I guess I would ground our response in saying we believe the fundamentals in the business are still very strong so whether that's average unit volume or
restaurant level returns, the way new units are performing, it's obviously the opportunity that we're focused
on is more consistent same -
restaurant sales growth.
We plan to release fiscal 2013 first quarter earnings and same -
restaurant sales results for fiscal June, July and August 2012
on Friday, September 21, 2012, before the market opens with a conference call shortly after.