Restaurant Industry News - Financial

Against current industry trends, Huddle House, the Atlanta-based 400-plus-unit family diner franchise, has continued to experience positive same store sales increases. In August, the brand’s franchised locations experienced a 4.6 percent increase while corporate stores hit 3.4 percent. - More

Dave & Buster's, Inc. today announced that effective August 25, 2010, Ernst & Young LLP (“E&Y”) has been dismissed as the Company’s independent auditor. The Audit Committee of the Board of Directors of the Company approved the dismissal of E&Y on August 24, 2010. - More

Perkins restaurants' comparable sales decreased by 5.1% and Marie Callender's restaurants' comparable sales decreased by 5.6% in the second quarter of 2010 compared to the second quarter of 2009. - More

Total restaurant sales increased 5.0% to $100.2 million from $95.5 million - More

Bob Evans Farms, Inc. (Nasdaq: BOBE) announced that its board of directors has approved an 11.1 percent increase in the quarterly cash dividend from 18 cents ($0.18) per share to 20 cents ($0.20) per share on the company's outstanding common stock. - More

Worldwide comparable sales were negative 0.7 percent compared to negative 2.4 percent in the same period last year - More

These results demonstrate continued positive momentum resulting from the company’s implementation of its renewal program. - More

The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) today published a joint Exposure Draft (ED) on lease accounting.The ED, if finalized, would represent a fundamental change in how lessees and lessors account for their leasing transactions. - More

The Company reported consolidated operating income of $21.4 million, or 5.2 percent of net sales, in the first quarter of fiscal 2011, compared to operating income of $25.1 million, or 5.9 percent of net sales, in the first quarter of fiscal 2010. The decrease was due primarily to deleverage from a decline in sales in both business segments and ... - More

Net Income Improved by $6.7 million, Ends Quarter in Strong Cash Position, Updates Guidance for FY 2010 - More