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Stock Market & Financial Investment News

News Breaks
December 4, 2012
11:42 EDTDIN, BJRI, TXRH, DRI, CAKE, EATCasual dining stocks fall after Darden issues profit warning
A number of casual dining stocks are dropping after a major player in the sector, Darden Restaurants (DRI) predicted that its earnings per share in its second quarter ended November 25 would be significantly below analysts' expectations. Darden, which operates Olive Garden and Red Lobster restaurants, expects its earnings per share in the second quarter to be 25c-26c, versus analysts' consensus estimate of 47c. Moreover, Darden predicted that its U.S. same-restaurant sales would sink 2.7%. Finally, the casual dining operator provided FY13 earnings per share guidance of $3.29-$3.49, versus analysts' consensus estimate of $3.88. Darden's promotions last quarter "did not resonate with financially stretched consumers as well as newer promotions from competitors," said Darden CEO Clarence Otis, adding that the company would look to change its promotions soon. In late morning trading, Darden dropped 9.86% to $47.25. Other casual dining companies also retreated, with The Cheesecake Factory (CAKE) falling 5.31% to $32.25, BJ's Restaurant (BJRI) giving back 4.10% to $32.96, Brinker (EAT) declining 3.16% to $28.92,Texas Roadhouse (TXRH) losing 3.65% to $16.09, and DineEquity (DIN) falling 1.85% to $61.56.
News For DRI;BJRI;EAT;TXRH;DIN;CAKE From The Last 14 Days
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August 3, 2015
14:59 EDTTXRHNotable companies reporting after market close
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09:33 EDTEATBrinker downgraded to Mixed from Positive at OTR Global
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July 29, 2015
08:16 EDTDINDineEquity raises FY15 IHOP domestic system-wide same-restaurant sales view
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08:12 EDTDINDineEquity reports Q2 domestic system wide same-restaurant IHOP sales up 6.2%
Reports Q2 domestic system wide same-restaurant sales up 1.0% at Applebee's.
08:10 EDTDINDineEquity reports Q2 adjusted EPS $1.53, consensus $1.47
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July 23, 2015
16:35 EDTBJRIBJ's Restaurants expands share repurchase program by $50M
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16:33 EDTBJRIBJ's Restaurants says expects to open 16 new restaurants in 2015
In the second quarter of fiscal 2015, BJ's opened five new restaurants in Towson, Maryland; Albuquerque, New Mexico; Columbus, Ohio; McCandless, Pennsylvania and Southlake, Texas. "Our pipeline for new restaurant openings is in excellent shape and we now expect to open 16 new restaurants this year," added CEO Greg Trojan. "We currently anticipate opening six new restaurants during the third quarter of fiscal 2015, two of which have already opened in Huntsville, Alabama and in Melbourne, Florida, and three new restaurants in the fourth quarter of fiscal 2015. Our runway for growth remains highly visible as we currently operate just 165 restaurants in 21 states while our long-term plans indicate national capacity for at least 425 BJ's restaurants. We are making excellent progress towards finalizing our fiscal 2016 new restaurant openings and are already building our fiscal 2017 and 2018 new restaurant pipeline."
16:30 EDTBJRIBJ's Restaurants reports Q2 EPS 47c, consensus 39c
Reports Q2 revenue $232M, consensus $236.22M. In Q2: Total restaurant operating weeks increased approximately 7%; Comparable restaurant sales increased 0.5%.
06:57 EDTDRIDarden threatened with default call by bondholders over real estate, WSJ reports
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July 22, 2015
19:02 EDTCAKEOn The Fly: After Hours Movers
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17:23 EDTCAKECheesecake Factory sees FY15 food cost inflation flat to up 1%
Management stated that the company expects to pay more for eggs this year due to impact from avian flu. The company is about 65% contracted for dairy in the second half of FY15, versus 10% in the second half of FY14.
17:21 EDTCAKECheesecake Factory sees Q4 SSS up 1%-2%
17:20 EDTCAKECheesecake Factory sees 'strong sales momentum to continue in Q3'
Sees Q3 G&A cost 70-90 basis points above Q3 of FY14.
17:19 EDTCAKECheesecake Factory raises FY15 EPS sensitivity to $2.29-$2.35, consensus $2.25
Sees FY15 SSS up 2.5% at its midpoint.
17:17 EDTCAKECheesecake Factory sees Q3 EPS 53c-56c, consensus 53c
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16:20 EDTCAKECheesecake Factory raises quarterly dividend by 21% to 20c per share
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16:19 EDTCAKECheesecake Factory continues to see 11 company-owned restaurants opening in FY15
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16:16 EDTCAKECheesecake Factory reports Q2 SSS up 2.8%
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16:16 EDTCAKECheesecake Factory reports Q2 EPS 69c, consensus 62c
Reports Q2 revenue $529.1M, consensus $530.45M.
15:26 EDTCAKENotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Qualcomm (QCOM), consensus 95... American Express (AXP), consensus $1.32... Texas Instruments (TXN), consensus 65c... Las Vegas Sands (LVS), consensus 61c... Crown Castle (CCI), consensus $1.06... Discover Financial (DFS), consensus $1.32... Tractor Supply (TSCO), consensus $1.11... SanDisk (SNDK), consensus 33c... SL Green Realty (SLG), consensus $1.56... Xilinx (XLNX), consensus 54c... Weatherford (WFT), consensus (12c)... F5 Networks (FFIV), consensus $1.60... United Rentals (URI), consensus $1.74... Fortinet (FTNT), consensus 9c... LaSalle Hotel (LHO), consensus 89c... Oceaneering International (OII), consensus 68c... Cheesecake Factory (CAKE), consensus 62c.
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