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2008-11-06 Restaurant Industry News Highlights

Technology

Are Restaurants Discriminating Against Minority Job Applicants?
Co-author of Freakonomics, Steven D. Levitt, and Diversity Executive magazine have both written about new research from JobApp Network, Inc., which suggests that web-only hiring management systems may be adversely impacting minorities. The study was based on over 25,000 hourly job applicants in the restaurant and retail industries and was conducted and authored by Edgar F. Johns, MSc, a psychometrician and statistician. ...more

Aston Villa Football Club's Villa Park Stadium Selects MICROS 9700 Hospitality Management System, mymicros.net, and OPERA Sales & Catering
MICROS-Fidelio UK Ltd, a wholly-owned subsidiary of MICROS Systems, Inc. (NASDAQ:MCRS) and a leading provider of information technology solutions to the hospitality and retail industries, is pleased to announce that the Villa Park Stadium, home to premiership team Aston Villa Football Club, will deploy the MICROS 9700 Hospitality Management System (HMS), mymicros.net, and OPERA Sales & Catering (S&C) throughout the stadium's entire hospitality facilities. The complete MICROS solution will go live at Villa Park in January 2009. ...more

HFTP Addresses Hospitality Technology at 2008 IH/M&RS
Continuing education opportunities around the world, Hospitality Financial and Technology Professionals (HFTP(R)) will provide a visual and educational overview of the latest in hospitality technology at the upcoming 93rd Annual International Hotel/Motel & Restaurant Show(R) (IH/M&RS). ...more

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Development

Trian Partners Commences Tender Offer for up to 40 Million Shares of Wendy's/Arby's Group for $4.15 in Cash Per Share
Trian Fund Management, L.P. announced today that funds managed by it are commencing a partial tender offer to purchase up to 40 million shares of Class A Common Stock, or approximately 8.5% of the shares outstanding, of Wendy's/Arby's Group, Inc. at a purchase price of $4.15 per share. ...more

NPC International, Inc., Announces Agreements to Acquire 191 Units and Sell 70 Units to Pizza Hut, Inc.
Net Acquisition Represents a 12% Increase in NPC Operated Pizza Hut Units ...more

Papa Bello Sells Area Representative Rights to Develop Mid-Atlantic Region
Papa Bello Enterprises (Pink Sheets: PAPA) is pleased to announce that the company has sold an Area Representative Agreement to the Pastore Food Corporation to develop several states in the Mid-Atlantic region. ...more

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Financial

Rubio's Restaurants, Inc. Reports 2008 Third Quarter Results
Revenues rose 6.9% to $47.0 million, from $44.0 million ...more

Morton's Restaurant Group, Inc. Reports Results for Third Quarter 2008
Third Quarter Revenues Declined 1.3% to $77.9 Million from $78.9 Million ...more

EPL Intermediate, Inc. Announces Results for the 13 Weeks and 39 Weeks Ended September 24, 2008
El Pollo Loco reported operating revenues for the 13-week third quarter ended September 30, 2008 of $74.9 million, which is an increase of $2.6 million, or 3.6%, over operating revenues for the 13-week third quarter ended September 30, 2007 of $72.3 million. Operating revenues include sales at both company-operated stores and franchise revenues. ...more

Wendy's/Arby's Group, Inc. Reports Third Quarter and Nine Month 2008 Pre-Merger Results for Triarc and Wendy's
Wendy's Brand Turnaround Under Way and Sales Performance Improving With More Effective Execution of Value Strategy and Introduction of a New Premium Product, Same-Store Sales at Company-Operated Wendy's Restaurants Increased Approximately 5% in October 2008 ...more

Ruth's Hospitality Group, Inc. Reports Third Quarter 2008 Financial Results
Total revenue increased 41.4% to $99.3 million from $70.2 million, including $22.1 million from the Mitchell's acquisition, which closed on February 19, 2008. ...more

McCormick & Schmick's Seafood Restaurants, Inc. Third Quarter 2008 Financial Results
Revenues increased 13.4% to $99.9 million from $88.1 million ...more

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Other

OpenTable Announces Its Appetite Stimulus Plan
Promotion to Support OpenTable Restaurant Partners and Diners During Challenging Economic Climate ...more

Farmer Boys Restaurants Launches Breakfast All Day, Every Day
Whether you like them scrambled, poached, sunny side up or in an omelet, participating Farmer Boys restaurants are now serving up its famous eggs however you like them, whenever you like them. ...more

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 .  Development : 3 new
 .  Financial : 6 new
 .  Other : 2 new
 .  Technology : 3 new

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