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March 12, 2014
Gaming, Lodging, Restaurant & Leisure Management Access Forum is being held in Las Vegas on March 12-13.
Check below for free stories on GLPI;CHEF;BYI;BEE;PENN;SGMS;SHO;WYNN;YUM;EAT;FCH the last two weeks.
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August 8, 2014
06:29 EDTEATBrinker upgraded to Outperform from Market Perform at Raymond James
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06:11 EDTYUMOSI withdraws products made in Shanghai in response to food scandal
After dealing with a food scandal, OSI China, parent company of Shanghai Husi Food, announced the withdrawal of products produced in Shanghai. The company said, "Husi is the subject of company and government investigations and it is proceeding smoothly. While there have been no reported illnesses linked to any Shanghai Husi products, recovering this production is an important step in facilitating the investigations and rebuilding the respect and trust of our customers, the government and the people of China. With assistances and guidance provided by Shanghai FDA, we have started the recovery process of products in question in a comprehensive and orderly." Worldwide brands such Yum! Brands (YUM) McDonald's (MCD) and Starbucks (SBUX) were affected by the scandal in China. Reference Link
August 7, 2014
16:59 EDTSHOSunstone Hotel raises FY14 adjusted FFO view to $1.09-$1.14 from $1.03-$1.13
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16:49 EDTSHOSunstone Hotel sees Q3 adjusted FFO 30c-32c, consensus 32c
Sees Q3 Comparable Hotel RevPAR up 4%-5.5%.
16:48 EDTSHOSunstone Hotel reports Q2 adjusted FFO 39c , consensus 39c
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10:49 EDTEATBrinker says free cash flow view includes litigation settlement
Still sees CapEx declining. Says constantly evaluating franchise/refranchise opportunities.
10:24 EDTEATBrinker still sees EPS of $4 by 2017
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10:21 EDTEATBrinker sees FY15 revenue up 4%, consensus $2.99B
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10:00 EDTWYNNOn The Fly: Analyst Upgrade Summary
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09:26 EDTWYNNWynn Resorts upgraded at Craig-Hallum
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07:51 EDTEATBrinker sees FY15 adjusted EPS $3.00-$3.15, consensus $3.11
Sees FY15 comparable restaurant sales to increase 1%-2%; Sees FY15 company-owned new restaurant development to add YoY capacity growth of about 1%; Sees FY15 restaurant operating margin to improve 25 to 50 basis points YoY. Sees FY15 free cash flow $180M-$190M.
07:50 EDTEATBrinker reports Q4 Chili's sales $639.8M, Q4 Maggiano's sales $95.2M
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07:49 EDTEATBrinker reports Q4 company sales $734.98M, Q2 franchise revenue $23.74M
Reports Q4 comparable restaurant sales at company-owned restaurants up 2.3%. Reports Q4 Chili's company-owned comparable restaurant sales up 2.5%; Reports Q4 Maggiano's comparable restaurant sales up 0.9%; Reports Q4 Chili's franchise comparable restaurant sales up 1.2%.
07:49 EDTEATBrinker reports Q4 adjusted EPS 85c, consensus 87c
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07:42 EDTWYNNWynn Resorts upgraded to Buy from Hold at Craig-Hallum
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August 6, 2014
15:49 EDTEATNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Duke Energy (DUK), consensus 98c; Intercontinental Exchange (ICE), consensus $2.02; Mylan (MYL), consensus 70c; Scripps Networks (SNI), consensus $1.13; Brinker International (EAT), consensus 87; AES Corporation (AES), consensus 28c; NRG Energy (NRG), consensus 15c; Harman International (HAR), consensus $1.21; Windstream Holdings (WIN), consensus 8c; Teradata (TDC), consensus 65c; Markel (MKL), consensus $5.79; OGE Energy (OGE), consensus 51c; SunEdison (SUNE), consensus (28c); Royal Gold (RGLD), consensus 29c; Sabre (SABR), consensus 18c; Broadridge (BR), consensus $1.16; Huntington Ingalls (HII), consensus $1.81; AMC Networks (AMCX), consensus 85c; Laredo Petroleum (LPI), consensus 18c; HSN (HSNI), 77c; Wendy's (WEN), consensus 10c; Orbitz Worldwide (OWW), consensus 15c.
13:45 EDTEATEarnings Preview: RBC notes 'worrisome' industry trends ahead of Brinker report
Brinker International (EAT) is scheduled to report fourth quarter results before the market open on Thursday, August 7, with a conference call scheduled for 10:00 am ET. Brinker owns, develops, operates and franchises the Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. EXPECTATIONS: Analysts are looking for earnings per share of 87c on revenue of $749.67M, according to First Call. The consensus range for EPS is 82c-88c on revenue of $744.5M-$759.11M. LAST QUARTER: Brinker reported third quarter adjusted EPS of 84c against estimates for 83c on revenue of $758.41M against estimates for $766.27M. Q3 comparable restaurant sales at company-owned restaurants increased 0.7%. NEWS: During its Q2 earnings call, Brinker said it was on track to double fiscal year 2012 EPS by fiscal year 2017. The company said 46% of its commodities were contracted through the end of calendar year 2014 and forecast some near-term inflationary pressure. Longer term, Brinker said it did not see pressure from commodities inflation. STREET RESEARCH: RBC Capital downgraded Brinker to Sector Perform from Outperform to reflect "worrisome" industry trends. The firm expects Brinker's new initiatives to enable the company to continue to grow its sales at a faster rate than the industry average, but the initiatives are unlikely to enable the company to generate "outsized" traffic for the company. During the quarter, shares were upgraded to Overweight from Neutral at JPMorgan and downgraded to Hold from Buy at Wunderlich. PRICE ACTION: Over the last three months, Brinker shares are down over 9%. Year-to-date, shares are down almost 4%.
10:00 EDTBYIOn The Fly: Analyst Downgrade Summary
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06:35 EDTBYIBally Technologies downgraded to Hold from Buy at Stifel
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06:20 EDTYUM, PENN, SGMSCredit Suisse to hold a conference
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