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2008-07-23 Restaurant Industry News Highlights

Trends

C-Store Operators See Foodservice Opportunities in New Light, Says Technomic
Higher gas prices may be hurting customers at the pump, but c-store operators are sharing their pain. With gross margins on fuel hovering around 5 percent, it's no wonder that many c-store operators are taking a fresh look at their foodservice programs, where margins are easily over 40 percent and may exceed 60 percent. ...more

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Development

Announcing Cardenas 'La Primera Familia Latina' to Commit to the Dream of Owning Four Unique Pizza and Subs Restaurants as Franchisees
Unique Pizza and Subs Corporation (OTC:UPZS) received its first commitment for its Latino Initiative. On July 16th, 2008 UPZS announced they were working with The Dream Factory, Inc. (DRMF) to raise up to $150 million for 30 Latino families to open Unique Pizza and Subs locations. ...more

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Financial

Global Comparable Sales Drive Strong Second Quarter Results at McDonald's
McDonald's Corporation today announced strong operating results for the second quarter, driven by global comparable sales growth of 6.1%. ...more

CEC Entertainment Reports 5.7% Comparable Store Sales Gain
Second-Quarter Diluted EPS Rises 85% to $0.48 ...more

P.F. Chang's Earns $0.39 Per Share
P.F. Chang's China Bistro, Inc. (NASDAQ: PFCB) today reported consolidated net income of $9.4 million for the second quarter ended June 29, 2008 compared to $9.3 million for the second quarter of the prior year. Net income per diluted share for the second quarter of fiscal 2008 was $0.39 and the prior year was $0.36. ...more

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Other

Bird Rock Bandits and Parents Sued, Bar Also Named
The lawsuit also names BARKANDBREW INC., doing business as the La Jolla Brew House, for serving beer to House and Yanke, who were not only minors, but were intoxicated, according to the lawsuit. ...more

Brinker International Announces Favorable Ruling From California Court of Appeal
Brinker International, Inc. (NYSE:EAT) announced today that a California Court of Appeal has issued an opinion in Brinker Restaurant Corp. v. Superior Court of San Diego County which included rulings favorable to the company related to meal and rest breaks. ...more

Zagat Releases 2009 D.C./Baltimore Dining Survey
Charleston Sweeps Baltimore for Popularity and Food, Locals Go Green and Online ...more

Japanese Conquer Capital in New Zagat Dining Survey
More and More US Cities in Line with Far East Taste Trend - Makoto Hailed for Best Food in D.C., Inn at Little Washington Drops to No. 2 - Citronelle Voted Most Popular, Locals Go Green and Online ...more

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 Departments

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 .  Development : 1 new
 .  Financial : 3 new
 .  Other : 4 new
 .  Trends : 1 new

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