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2008-08-06 Restaurant Industry News Highlights

Appointments

Ruth's Hospitality Group, Inc. Announces Appointment of New President and Chief Executive Officer
The Board of Directors of Ruth's Hospitality Group, Inc. (Nasdaq: RUTH) today announced the appointment of Michael P. O'Donnell as President and Chief Executive Officer. In his new role, O'Donnell will be responsible for the overall strategic and operational direction of the company. ...more

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Development

Yogen Früz Says Hola! to Argentina & Peru
Yogen Früz, frozen yogurt chain with stores around the world, is adding two notches to its global belt with newly signed development agreements for 29 stores in Argentina and 21 stores in Peru. ...more

Rockfish Seafood Grill Restaurants Acquired by Private Equity Firms
Rockfish Seafood Grill, LLC announced that substantially all of its assets relating to its Rockfish restaurants have been acquired by a group of private investors. ...more

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Financial

Wendy's International, Inc. Announces 2008 Second Quarter Results
Quarterly U.S. same-store sales were positive ...more

Ruth's Hospitality Group, Inc. Reports Second Quarter 2008 Financial Results
Total revenue increased 37.9% to $108.1 million from $78.4 million, including $23.1 million from the Mitchell's acquisition, which closed on February 19, 2008. ...more

Arby's Signs Development Agreement with Charles Chera for 41 New Restaurants Throughout New York Metropolitan Area
Arby's Restaurant Group, Inc. has signed an agreement with Charles Chera of RCNY Restaurants, LLC for the development of 41 new Arby's(R) restaurants throughout the New York Metropolitan area over the next ten years. ...more

Papa John's Reports Second Quarter Earnings
Domestic comps increase 2.4%, 2008 earnings guidance reaffirmed ...more

Jack in the Box Inc. Reports Third Quarter 2008 Earnings, Updates FY 2008 Earnings Guidance
Jack in the Box Inc. (NYSE: JBX) today reported net income of $29.9 million, or 51 cents per diluted share, for the quarter ended July 6, 2008. This compared to $34.5 million, or 54 cents per diluted share, for the same quarter in 2007, which included a benefit of approximately 4 cents per diluted share due primarily to an insurance recovery. Diluted per-share earnings for the first three quarters of fiscal 2008 increased to $1.54 versus $1.44 for the same period in fiscal 2007. ...more

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Other

Accor Hotels Brews Up Hotel Job Opportunities for Starbucks Employees in Australia
Australia's largest hotel group, Accor, is inviting displaced Starbucks employees to submit resumes and expressions of interest to work at one of 140 Accor hotels across Australia. ...more

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 Departments

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 .  Appointments : 1 new
 .  Development : 2 new
 .  Financial : 5 new
 .  Other : 1 new

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