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Starbucks Down on Lower March Sales

07.01.2012, 17:05

Starbucks Corp. stock fell Thursday after the Seattle-based coffee chain reported March sales that were slightly below expectations.

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CIBC World Markets' John Glass said a "downshift" from more rapid sales increases sales shouldn't surprise investors. He noted that Starbucks shares are down 20 percent from their December highs.

50 Years Later, McDonald's Influence Felt

13.12.2011, 09:51

Open a newspaper and find stories about people suing McDonald's because its food supersized them, its coffee burned them and its fries were secretly cooked in beef-flavored oil.

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Quality Dining Announces Closing of Going-Private Transaction

03.11.2011, 17:40

Quality Dining, Inc. announced today the completion of its merger with QDI Merger Corp., which will result in Quality Dining being a privately held company.

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At the special meeting of shareholders, approximately 77% of the issued and outstanding shares of Quality Dining common stock that were entitled to vote approved the transaction.

California Pizza Kitchen Reports Preliminary First Quarter Results

12.10.2011, 08:50

California Pizza Kitchen, Inc., (Nasdaq:CPKI - News) announced today that revenues increased 11.9% to $110.3 million for the first quarter versus $98.6 million in the first quarter of 2008. Comparable store sales increased approximately 9.3% compared to 7.2% in the first quarter a year ago.

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Pizza Hut restaurants sold for $59 million

15.09.2011, 20:27

Realty Income Corp. is paying $59 million to buy 89 Pizza Hut restaurants from NPC International Inc., an Overland Park, Kan., company.

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The restaurants have, on average, about 3,000 leasable square feet situated on an average lot size of approximately 37,000 square feet, with an average purchase price for each property of approximately $663,000, RIC said Friday. The 89 properties are located in 13 states.

More diners pull up seats as local restaurant industry continues to grow

21.08.2011, 19:56

Diners have ever more options these days, as the number of restaurants in Centre County, both chains and independents, continues to grow.

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But owners and managers of longtime establishments say they haven't been hurt by the increased competition, as each new addition to the market seems to gradually find its own niche.

"The more competition the better. Competition breeds business," said John Dimakopoulos, owner of two locations of The Waffle Shop. His restaurants along Atherton Street and West College Avenue cater to the breakfast and lunch crowd.

Minnesota Restaurant Association, Minnesota Hotel & Lodging Association Name 2006 Restaurateur, Hotelier of the Year

02.07.2011, 11:03

Members of the Minnesota Restaurant Association (MRA) and Minnesota Hotel & Lodging Association (MH&LA) have named their first-ever Restaurateur of the Year and Hotelier of the Year.

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The MRA named longtime chef John Schiltz of the Lake Elmo Inn as its 2006 Restaurateur of the Year, and the MH&LA named Jim Waldvogel of the Crowne Plaza Northstar Hotel as its Hotelier of the Year.

Red Robin restaurant lays third egg in Houston

11.06.2011, 23:11

Red Robin Gourmet Burgers will open its third Houston-area restaurant on March 13.

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The new restaurant, located at 19433 I-45 South in Shenandoah, spans 6,350 square feet and will seat 250 guests and employ more than 120 people.

Starbucks June same-store sales rise misses Street view

12.05.2011, 13:15

Shares of Starbucks Corp. fell in late trading Thursday after the coffee retailer said same-store sales rose 6% in June, down from a 7% increase the year before and below analysts' average forecast.

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Analysts had been looking for a 7% rise in comparable store sales for the month, according to Thomson First Call.

The Seattle-based company's (SBUX) stock fell as much as 4% on the Inet and were last down $1.09, or 2.9%, at $36.79.

Bowls' recipe: Cereal fixed the way customers like it

01.04.2011, 09:42

N.C. State University sophomore Casey Johnston loves cereal. Her hands-down favorite: Lucky Charms.

"I can eat cereal for any meal," she said as another spoonful went into her mouth at Bowls in Raleigh.

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It's lunchtime on Wednesday, and Johnston is sitting in a red booth at the Hillsborough Street restaurant, which sells nostalgia and comfort in big, white ceramic bowls. In the small space, customers hang out, watch TV, study, crunch and munch under the decor of Flutie Flakes cereal boxes and Scooby Doo lunchboxes.

Champps Americana Restaurants Celebrates Its 20th Anniversary with a Week-Long Party That Includes Food and Drink Specials and Many Local Events

2010.01.26, 21:32