International Business News - CMG 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 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 Among the stock activity stories for Thursday, Oct. 23, from AP Financial News: NEW YORK (AP)--Shares of Chipotle Mexican Grill Inc. jumped Thursday after the company said its third-quarter sales rose despite a downturn in consumer spending, and the fast food company announced a $100 million stock buyback program. http://www.ibtimes.com/articles/20081023/movers-roundup-chipotle-thermo-fisher-scientific.htm Thu, 23 Oct 2008 19:25:53 EDT Shares of Chipotle Mexican Grill Inc. jumped Thursday after the company said its third-quarter sales rose despite a downturn in consumer spending, and the fast food company announced a $100 million stock buyback program. http://www.ibtimes.com/articles/20081023/chipotle-shares-rise-on-3q-sales-report-buyback.htm Thu, 23 Oct 2008 20:17:31 EDT Chipotle Mexican Grill Inc. said Wednesday it plans to open new restaurants and expects sales will continue to grow through 2008 and 2009 despite a larger weak economic picture. http://www.ibtimes.com/articles/20081022/chipotle-issues-annual-sales-guidance.htm Wed, 22 Oct 2008 17:53:14 EDT Chipotle Mexican Grill Inc. said Wednesday it will repurchase up to $100 million of its shares, or about 7.5 percent of total shares outstanding. The Class B common shares will be repurchased over an undesignated period of time. http://www.ibtimes.com/articles/20081022/chipotle-to-buy-up-to-100-million-of-its-shares.htm Wed, 22 Oct 2008 17:14:14 EDT Chipotle Mexican Grill Inc. said Wednesday net income dropped more than 5 percent in the third quarter due in part to higher costs for food and other operating expenses. http://www.ibtimes.com/articles/20081022/chipotles-3q-net-income-falls-on-operating-costs.htm Wed, 22 Oct 2008 17:00:36 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 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 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 Shares of restaurant companies were hit during the past three months by concerns about a slowdown in consumer spending and high commodity costs. According to the Dow Jones U.S. Restaurants and Bars Index, stocks dipped about 1.1 percent during the quarter ended Sept. 30. The index, which is made 15 restaurant companies, has dropped nearly 11 percent in the past 52 weeks. http://www.ibtimes.com/articles/20080930/restaurant-shares-hit-by-spending-slowdown-costs.htm Tue, 30 Sep 2008 11:20:47 EDT A gas shortage in the Southeast following Hurricane Ike may hurt earnings for restaurant operators, according to one analyst. In a client note Friday, William Blair & Co. analyst Sharon Zackfia expects a gas shortage over the past two weeks in the Southeast will "likely exacerbate a likely lousy quarter" for Sonic Corp., Panera Bread Co., Starbucks Corp., PF Chang's China Bistro Inc., Cheesecake Factory Inc., Chipotle Mexican Grill Inc., and BJ's Restaurants Inc. http://www.ibtimes.com/articles/20080929/ahead-of-the-bell-hurricane-ike-hurts-restaurants.htm Mon, 29 Sep 2008 08:15:09 EDT Shares of restaurant companies dropped after the market opened as investors drew more concerned about the state of the financial services sector after Lehman Brothers said it will file for Chapter 11 bankruptcy protection. http://www.ibtimes.com/articles/20080915/some-restaurant-shares-fall-in-morning-trading.htm Mon, 15 Sep 2008 10:05:38 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE http://www.ibtimes.com/articles/20080912/aig-lehman-gm-chipotle-are-among-big-movers.htm Fri, 12 Sep 2008 16:52:21 EDT Among the stock activity stories for Friday, Sept. 12, from AP Financial News: WASHINGTON (AP)--Shares of Physicians Formula Holdings rose Friday after the company said it would buy back up to $10 million in shares. http://www.ibtimes.com/articles/20080912/movers-roundup-physicians-formula-power-medical.htm Fri, 12 Sep 2008 14:25:33 EDT Hungry diners craving a Chipotle burrito may soon have to fork over a bit more cash. Denver-based Chipotle Mexican Grill Inc. is considering raising its prices to combat high food costs, the company said Friday as it also warned investors that the weak economy has hurt its third quarter results. Its shares dropped more than 20 percent. http://www.ibtimes.com/data/articleimgs/128508-chipotle-prices.jpg http://www.ibtimes.com/articles/20080912/chipotle-may-raise-prices-to-combat-food-costs.htm http://www.ibtimes.com/articles/20080912/chipotle-may-raise-prices-to-combat-food-costs.htm Fri, 12 Sep 2008 16:55:59 EDT Shares of Chipotle Mexican Grill Inc. sank to a nearly two-year low Friday after the burrito chain said the weakening economy has led to declining sales and profit. http://www.ibtimes.com/articles/20080912/chipotle-shares-sink-to-low-on-3q-guidance.htm Fri, 12 Sep 2008 19:29:10 EDT Among the earnings projection stories for Friday, Sept. 12, from AP Financial News: DENVER (AP)--Restaurant chain Chipotle Mexican Grill Inc. said Friday the weakened economy has affected its third quarter profit and sales more than it had expected, adding it will likely report a profit decline for the period. http://www.ibtimes.com/articles/20080912/outlook-roundup-chipotle-pharmanet.htm Fri, 12 Sep 2008 10:44:33 EDT Restaurant chain Chipotle Mexican Grill Inc. said Friday the weakened economy has affected its third quarter profit and sales more than it had expected, adding it will likely report a profit decline for the period. http://www.ibtimes.com/articles/20080912/chipotle-says-economy-affecting-3q-sales-profit.htm Fri, 12 Sep 2008 08:54:44 EDT A Robert W. Baird & Co. analyst said Monday that guest traffic at restaurants is likely to improve in September, but it may not be enough to help some companies meet third-quarter expectations. http://www.ibtimes.com/articles/20080908/sector-snap-restaurant-traffic-may-improve.htm Mon, 08 Sep 2008 11:21:54 EDT