International Business News - RT 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 Dismal spending trends at restaurants may be here to stay, said an RBC Capital Markets analyst on Tuesday. Analyst Larry Miller said in a note to investors that a recent RBC survey of more than 1,300 consumers conducted by ChangeWave Research suggests that weak spending by consumers at restaurants in October will likely continue into the next few months at least. http://www.ibtimes.com/articles/20081202/sector-snap-restaurant-spending.htm Tue, 02 Dec 2008 11:51:09 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 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 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 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 Ruby Tuesday Inc. shares plummeted again on Friday, two days after the casual dining chain reported lackluster fiscal first-quarter profits and sales. http://www.ibtimes.com/articles/20081010/a-second-look-ruby-tuesday-continues-to-sink.htm Fri, 10 Oct 2008 15:02:46 EDT Shares of Ruby Tuesday Inc. plummeted Thursday to their lowest level in more than a decade after the casual dining chain reported its first quarter profit plunged 97 percent due to a big drop in sales. http://www.ibtimes.com/articles/20081009/ruby-tuesday-shares-sink-following-earnings-report.htm Thu, 09 Oct 2008 11:56:12 EDT Ruby Tuesday Inc. said Wednesday its profits plunged 97 percent in the first quarter as the economic downturn wiped out much of the demand for its casual dining business. http://www.ibtimes.com/articles/20081008/ruby-tuesday-profits-plunge-97-percent-in-1q.htm Wed, 08 Oct 2008 19:59:10 EDT A Morgan Keegan analyst said Wednesday he does not expect Ruby Tuesday Inc. to be able to beat Wall Street's expectations for its fiscal first-quarter profit. http://www.ibtimes.com/articles/20081008/analyst-expects-lackluster-ruby-tuesday-report.htm Wed, 08 Oct 2008 10:50:57 EDT A KeyBanc Capital Markets analyst said Wednesday third-quarter same-store sales and profits at casual dining companies were likely hurt by the Olympics, hurricanes, the political conventions and news about the liquidity crisis and bank failures. http://www.ibtimes.com/articles/20081001/sector-snap-casual-dining-slips.htm Wed, 01 Oct 2008 12:57:40 EDT Restaurant stocks dropped Monday after the government's financial bailout package failed to pass the House. The stocks followed the same path as the Dow Jones Industrials, which fell as much as 705 points after the vote was shown on TV. http://www.ibtimes.com/articles/20080929/restaurant-shares-drop-as-bailout-fails-in-house.htm Mon, 29 Sep 2008 15:33:13 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 Shares of many restaurant chains rose Tuesday, as an analyst said the industry will withstand damage from Hurricane Gustav, which mostly spared New Orleans and southern Louisiana. http://www.ibtimes.com/articles/20080902/sector-snap-restaurants-rise.htm Tue, 02 Sep 2008 14:21:09 EDT Restaurants had "sluggish" sales in July, according to data the National Restaurant Association released Friday. The group's index of restaurant activity was 98.3 in July, unchanged from June and the ninth consecutive month that it was below the 100 mark. The index is a monthly composite that tracks the health of the industry. http://www.ibtimes.com/articles/20080829/trade-group-says-restaurants-sluggish-in-july.htm Fri, 29 Aug 2008 15:33:58 EDT Fall's cool winds could make eating out cheap a breeze--depending, that is, on what you order. After a second quarter of too many empty tables and falling profits, restaurant companies are planning to woo diners back with lower-priced dishes as the weather grows colder. http://www.ibtimes.com/data/articleimgs/118647-restaurant-deals.jpg http://www.ibtimes.com/articles/20080829/restaurants-offer-more-deals-the-fall.htm http://www.ibtimes.com/articles/20080829/restaurants-offer-more-deals-the-fall.htm Fri, 29 Aug 2008 14:50:01 EDT Shares of restaurant chains fell Tuesday after Olive Garden operator Darden Restaurants Inc. offered a softer-than-expected first-quarter profit outlook. http://www.ibtimes.com/articles/20080826/sector-wrap-restaurants-decline-on-darden-outlook.htm Tue, 26 Aug 2008 16:14:16 EDT