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Chili's Grill& Bar parent Brinker International Inc was one of the first large operators to signal the trend. We can just lock in supply but not price, " Guy Constant, Brinker's said on a conference call with analysts last week.
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KeyBanc Capital Markets analyst Christopher O'Cull downgraded his rating on restaurant chain Bob Evans Farms Inc. Friday, citing concerns about its near-term performance.
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The restaurant chain Buffalo Wild Wings Inc. was upgraded Friday by KeyBanc Capital Markets. Analyst Christopher O'Cull gave the restaurant chain a "Buy" rating with an $85 price target, saying that the company's stock makes an attractive investment after a recent price drop.
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JERICHO, N.Y.-- Hot dog and burger chain Nathan's Famous said Friday that its fiscal third-quarter net income fell 8 percent, hampered by restaurant closings due to Superstorm Sandy. Nathan's Famous Inc. said that all of its company-owned restaurants were forced to close when Sandy struck in October.
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McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
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*McDouble price above $1 in LA, Manhattan and Chicago McDonald's promoting $1 Grilled Onion Cheddar Burger. Feb 1- McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.
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LOS ANGELES, Jan 31- Hotel-casino operator Wynn Resorts Ltd on Thursday posted a quarterly profit that was below Wall Street's estimates as its share of the Macau market declined. They continued a significant decline in Macau due to market share loss to the Cotai strip, where Wynn's competitors own properties, "said Chad Mollman, analyst with Morningstar Inc..
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*Abu Dhabi cracking the whip with state-linked firms. DUBAI, Jan 30- The state-backed union of Abu Dhabi's two biggest property developers is likely just the first step in a wider consolidation that will see projects and state entities merged in a bid to stabilise the real estate market.
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JUNEAU, Alaska-- Alaska's Senate Resources Committee has advanced legislation that would change how the state regulates wastewater from cruise ships. SB29 now goes to Senate Finance. Sean Parnell stems from a preliminary report by a panel charged with looking at cruise ship pollution.
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Janney Capital Markets analyst Brian McGill said the mood was very upbeat at an industry conference last week. If this is the case, it would be a positive for Starwood Hotels& Resorts Worldwide Inc. and Hyatt Hotels Corp. in our coverage universe. " In afternoon trading, Starwood shares rose $1.12 to $62.01, while Hyatt shares rose 5 cents to $40.54.
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NEW YORK-- A Janney Capital Markets analyst on Monday upgraded Starwood Hotels& Resorts Worldwide Inc. to "Buy" from "Neutral," predicting that the company will get a boost from higher demand for hotel rooms this year. Starwood operates hotel chains under the Sheraton, Westin, W Hotels and St.
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LONDON, Jan 25- Visitors to London have marked its hotels as the worst in a list of 100 cities due to overpriced minibars, lousy breakfasts and slow service, according to a survey released on Friday. Close behind Dresden in the list of cities with good hotels were Hanoi in Vietnam, Tokyo, Chicago, and Krakow in Poland.
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Jan 24- Starbucks Corp reported higher quarterly profit on Thursday, after customers in the United States, its top market, spent more than expected during the economically turbulent winter holiday season. The world's biggest coffee chain reported net earnings of $432.2 million, or 57 cents per share, for the fiscal first quarter that ended Dec. 30.
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Jan 23- McDonald's Corp reported an unexpected rise in sales in December at established U.S. restaurants, helping to lift its fourth-quarter profit above analysts' estimates. McDonald's shares rose to $93.55 in premarket trading, up from Tuesday's New York Stock Exchange close of $92.95.
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Jan 23- McDonald's Corp reported an unexpected rise in sales in December at established U.S. restaurants, helping to lift its fourth-quarter profit above analysts estimates. Net income at the world's biggest restaurant chain rose to $1.40 billion, or $1.38 per share, from $1.38 billion, or $1.33 per share, a year earlier.
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Net income at the world's biggest restaurant chain rose to $1.40 billion, or $1.38 per share, from $1.38 billion, or $1.33 per share, a year earlier.
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McDonald's reported quarterly earnings and revenue that beat analysts' expectations on Wednesday, but warned that it sees sales lower early in the first quarter.
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Jan 23- McDonald's Corp on Wednesday forecast a decline in global restaurant sales for January, as it and other fast-food chains fight for customers who are spending cautiously during continued economic uncertainty.
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*Christmas Day openings, McRib schedule boosted U.S. in December. Jan 22- McDonald's Corp is running out of quick-fix strategies for stemming declines in U.S restaurant sales inflicted by tougher competition for customers who are pinching pennies in a weak economic recovery. McDonald's posts December sales and fourth-quarter earnings on Wednesday.
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*CEO says Brinker has won market share. Jan 22- Chili's Grill& Bar parent Brinker International Inc on Tuesday reported slower-than-expected quarterly sales growth at established restaurants as fewer diners came through its doors, sending its shares down more than 4 percent.