International Business News - Restaurants 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 Among the sector activity stories for Monday, Oct. 6, from AP Financial News: NEW YORK (AP)--A slew of negative analyst reports in recent days and investors' fears of a global credit crisis combined to help sink restaurant shares Monday. http://www.ibtimes.com/articles/20081006/sector-roundup-restaurants-pc-makers.htm Mon, 06 Oct 2008 18:44:34 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 Restaurant stocks were mixed Friday after the U.S. House voted for the government's $700 billion plan to bail out the nation's financial system. The plan involves buying distressed mortgages and securities backed by mortgages from banks and other institutions to shore up the financial industry. http://www.ibtimes.com/articles/20081003/restaurants-mixed-after-house-passes-bailout-bill.htm Fri, 03 Oct 2008 13:31:51 EDT Several Wall Street analysts recommended Friday that investors largely stay away from casual dining stocks, saying the companies are likely to report disappointing third-quarter financial results and will face high commodity costs through 2009. http://www.ibtimes.com/articles/20081003/sector-snap-analysts-recommend-fast-food.htm Fri, 03 Oct 2008 11:51:40 EDT Country music superstar Carrie Underwood references a Sonic drive-in as a favorite spot along the main drag in her single-stoplight hometown of Checotah in her hit song, "I Ain't in Checotah Anymore." http://www.ibtimes.com/articles/20081002/oklahoma-based-sonic-faces-rough-weather.htm Thu, 02 Oct 2008 11:13:00 EDT While the credit crunch is making it hard for some restaurant companies to get loans to build new locations and renovate old ones, other chains are using the slowdown to secure better terms from landlords struggling to find viable tenants. http://www.ibtimes.com/articles/20081001/restaurants-take-credit-hit-but-leases-improve.htm Wed, 01 Oct 2008 19:33:36 EDT Among the premarket stories for Wednesday, Oct. 1, from AP Financial News: NEW YORK (AP)--An analyst on Wednesday downgraded Ruth's Hospitality Group Inc. and Morton's Restaurant Group Inc., mainly due to concerns about the weakening economy and consumer and business spending concerns. http://www.ibtimes.com/articles/20081001/premarket-roundup-restaurants-energysolutions.htm Wed, 01 Oct 2008 10:05:02 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 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 Restaurant stocks soared Friday after the government said it is created a plan to safeguard banks and rescue them from billions in debts. Meanwhile, the Securities and Exchange Commission temporarily banned short selling, or betting against stocks, for 799 financial companies to help boost falling stock prices and bring more confidence to investors. http://www.ibtimes.com/articles/20080919/restaurants-gain-after-govt-moves-to-rescue-banks.htm Fri, 19 Sep 2008 10:09:22 EDT Shares of CKE Restaurants Inc., which operates Carl's Jr. and Hardee's, jumped Thursday after the fast-food operator reported a 31 percent boost in its second quarter profit, beating analyst estimates. http://www.ibtimes.com/articles/20080918/cke-restaurants-shares-jump-following-2q-report.htm Thu, 18 Sep 2008 19:26:50 EDT CKE Restaurants Inc., operator of the Carl's Jr. and Hardee's chains, said Thursday that its second-quarter profit rose 31 percent as it cut operating costs. http://www.ibtimes.com/articles/20080918/cke-restaurants-2q-profit-rises-31-percent.htm Thu, 18 Sep 2008 07:05:12 EDT CKE Restaurants Inc., operator of the Carl's Jr. and Hardee's chains, said Thursday that its same-store sales rose 0.4 percent for the four weeks that ended Sept. 8. http://www.ibtimes.com/articles/20080918/cke-restaurants-aug-same-store-sales-up-slightly.htm Thu, 18 Sep 2008 06:57:27 EDT Among the sector activity stories for Wednesday, Sept. 17, from AP Financial News: NEW YORK (AP)--Sales and profits of restaurant chains with locations in the Houston area will likely only be minimally affected by Hurricane Ike, a KeyBanc Capital Markets analyst said Wednesday. http://www.ibtimes.com/articles/20080917/sector-roundup-restaurants-drugmakers.htm Wed, 17 Sep 2008 14:17:18 EDT Sales and profits of restaurant chains with locations in the Houston area will likely only be minimally affected by Hurricane Ike, a KeyBanc Capital Markets analyst said Wednesday. http://www.ibtimes.com/articles/20080917/sector-snap-restaurants-survive-ike.htm Wed, 17 Sep 2008 13:36:56 EDT Olive Garden and Red Lobster customers will have to pay a bit more for their favorite dishes in the months ahead as the restaurant chains struggle to keep revenue and profit growing in a depressed economy. http://www.ibtimes.com/data/articleimgs/132580-restaurant-prices.jpg http://www.ibtimes.com/articles/20080917/olive-garden-red-lobster-to-boost-prices-slightly.htm http://www.ibtimes.com/articles/20080917/olive-garden-red-lobster-to-boost-prices-slightly.htm Wed, 17 Sep 2008 12:48:25 EDT Among the earnings projection stories for Tuesday, Sept. 16, from AP Financial News: ORLANDO, Fla. (AP)--Darden Restaurants Inc., the operator of Olive Garden and Red Lobster, said Tuesday it expects its earnings per share from continuing operations to grow between 5 percent and 10 percent in 2009. http://www.ibtimes.com/articles/20080916/outlook-roundup-darden-restaurants-adobe-systems.htm Tue, 16 Sep 2008 19:20:07 EDT Darden Restaurants Inc., the operator of Olive Garden and Red Lobster, said Tuesday it expects its earnings per share from continuing operations to grow between 5 percent and 10 percent in 2009. http://www.ibtimes.com/articles/20080916/darden-expects-2009-profit-growth.htm Tue, 16 Sep 2008 17:09:21 EDT Darden Restaurants Inc., which operates the Olive Garden and Red Lobster chains, said Tuesday slow sales and high food and labor costs led to a big drop in its first quarter profit. http://www.ibtimes.com/articles/20080916/darden-1q-profit-drops-23-percent.htm Tue, 16 Sep 2008 16:59:19 EDT