International Business News - CAKE http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shopping up an appetite? Restaurants, which have been hit hard by the economic downturn, certainly hope so. To entice shoppers, chains are increasing their advertising during the Thanksgiving holiday weekend, offering freebies to customers who take a break from the stores and giving discounts to anyone who buys a gift card from the restaurant. http://www.ibtimes.com/articles/20081130/restaurants-offering-holiday-deals-to-boost-sales.htm Sun, 30 Nov 2008 14:21:39 EST Restaurant chain Cheesecake Factory Inc. said Wednesday it is considering raising its menu prices while also launching a new menu that offers lower prices on some items in about 100 of its restaurants. http://www.ibtimes.com/articles/20081119/cheesecake-factory-considers-price-hikes-in-2009.htm Wed, 19 Nov 2008 15:25:21 EST A Morgan Keegan analyst said Monday the depletion of retirement funds could keep consumers from eating out, leading to lower sales at established locations. http://www.ibtimes.com/articles/20081110/sector-snap-restaurants.htm Mon, 10 Nov 2008 11:49:47 EST Restaurant shares largely fell Wednesday along with overall market a day after Democrat Barack Obama clinched the presidency. Investors appeared to be questioning what an Obama presidency could mean for business, particularly since his selections for key cabinet posts have yet to be decided. http://www.ibtimes.com/articles/20081105/sector-snap-restaurant-shares-drop.htm Wed, 05 Nov 2008 13:59:16 EST Restaurant shares mainly rose after the Federal Reserve cut a key interest rate by a half-point point in a bid to steer the economy clear of a prolonged recession and spur economic growth. http://www.ibtimes.com/articles/20081029/restaurant-shares-mainly-rise-after-fed-cuts-rate.htm Wed, 29 Oct 2008 14:27:48 EDT Casual dining shares were mixed Monday after a Morgan Keegan analyst called the start of the third-quarter earnings season at restaurants "ugly." Analyst Bob Derrington said in a note to investors that same-store sales have declined in the third quarter and at least seven companies missed their initial earnings-per-share estimates, including Ruby Tuesday Inc. and Cheesecake Factory Inc. http://www.ibtimes.com/articles/20081027/sector-snap-casual-dining-shares-mixed.htm Mon, 27 Oct 2008 11:58:36 EDT Shares of Cheesecake Factory Inc. dropped to eight-year low Friday after the restaurant company reported a big drop in its third quarter profit. Shares fell $1.16, or 12 percent, to close at $8.53. Earlier in the day, the stock hit a new low of $8.39. The stock hasn't traded at that price since 2000. The stock may have also been affected by a decline in the overall market, which fell Friday on concerns of a global recession. http://www.ibtimes.com/articles/20081024/cheesecake-factory-shares-fall-to-8-year-low.htm Fri, 24 Oct 2008 19:28:33 EDT Restaurant shares fell in early trading Friday, mirroring a sharp drop in the Dow Jones Industrials as investors worried that a global recession may be on the horizon. http://www.ibtimes.com/articles/20081024/restaurant-shares-drop-in-early-trading.htm Fri, 24 Oct 2008 10:34:46 EDT Several analysts cut their price targets on The Cheesecake Factory Inc. on Friday and said higher menu prices frightened off cash-strapped consumers, after the restaurant operator's profit fell 36 percent in the third quarter. http://www.ibtimes.com/articles/20081024/ahead-of-the-bell-cheesecake-factory.htm Fri, 24 Oct 2008 09:05:56 EDT Among the earnings stories for Thursday, Oct. 23, from AP Financial News: RADNOR, Pa. (AP)--Airgas Inc., which makes specialty, medical and industrial gases, said Thursday its fiscal second-quarter earnings jumped 44 percent to beat analyst expectations as the company's energy and power segments acquired new business. http://www.ibtimes.com/articles/20081023/earnings-roundup-airgas-cheesecake-factory.htm Thu, 23 Oct 2008 19:32:22 EDT Restaurant operator The Cheesecake Factory Inc. on Thursday said third-quarter profit fell 36 percent, missing analyst expectations, as the company faced falling same-store sales and higher costs. http://www.ibtimes.com/articles/20081023/high-costs-hurt-cheesecake-factory-3q-results.htm Thu, 23 Oct 2008 16:55:11 EDT Casual dining shares slid Tuesday as a Cowen and Co. analyst said October sales appeared to be declining at most chains and investors digested the lackluster fiscal first-quarter results at Brinker International Inc. http://www.ibtimes.com/articles/20081021/sector-snap-casual-dining-falls.htm Tue, 21 Oct 2008 13:38:09 EDT Shares of Cheesecake Factory Inc. dropped Tuesday after a Cowen and Co. analyst downgraded his rating on the stock, saying the restaurant chain's sales aren't likely to turn around in the fourth quarter. http://www.ibtimes.com/articles/20081021/cheesecake-factory-shares-drop-on-downgrade.htm Tue, 21 Oct 2008 20:14:24 EDT A Deutsche Bank North America analyst said Friday fast-food chains may be a better investment than casual-dining chains heading into the third quarter earnings season for restaurants. http://www.ibtimes.com/articles/20081017/sector-snap-restaurants.htm Fri, 17 Oct 2008 14:11:23 EDT Wall Street analysts said Friday that casual dining chain Cheesecake Factory Inc. made the right decision by suspending its plans to buy back shares due to the crisis in the global financial markets. http://www.ibtimes.com/articles/20081017/analysts-cheer-cheesecake-factory-buyback-decision.htm Fri, 17 Oct 2008 11:00:14 EDT Beef may not be what's for dinner at your favorite restaurant come 2009. Restaurants, now working to secure supply and price contracts for meat and other commodities for the upcoming year, are expecting big increases in food costs--increases that will likely lead to menu changes and price hikes. http://www.ibtimes.com/data/articleimgs/151364-restaurants-food-costs.jpg http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm http://www.ibtimes.com/articles/20081013/restaurants-may-change-menus-hike-prices-in-2009.htm Mon, 13 Oct 2008 17:31:20 EDT West Hartford police said they charged a 51-year-old woman with assault, reckless endangerment and tampering with evidence after she allegedly served a marijuana-tainted ginger cake to her real estate agent. http://www.ibtimes.com/articles/20081010/woman-accused-of-serving-pot-laced-cake-to-guest.htm Fri, 10 Oct 2008 20:21:59 EDT An RBC Capital Markets analyst cut the price targets of eight restaurant companies on Wednesday, saying the chains are all facing slower sales and higher commodity costs. http://www.ibtimes.com/articles/20081008/sector-snap-analyst-cuts-restaurant-price-targets.htm Wed, 08 Oct 2008 14:03:26 EDT A slew of negative analyst reports in recent days and investors' fears of a global credit crisis combined to help sink restaurant shares Monday. At least nine restaurant companies dropped by double digits during afternoon trading. Several companies, including Burger King franchisee Carrols Restaurant Group Inc., had been mentioned in the past few days as possible victims of the tighter credit markets. http://www.ibtimes.com/articles/20081006/sector-snap-restaurants-plummet.htm Mon, 06 Oct 2008 14:53:04 EDT A Goldman Sachs analyst took a dim view of the nation's casual dining restaurant chains, telling investors in a research note that the industry will likely face pressure as diners ratchet down discretionary spending at least through next year. http://www.ibtimes.com/articles/20081006/ahead-of-the-bell-casual-dining-cut-at-goldman.htm Mon, 06 Oct 2008 08:53:46 EDT