NEW YORK Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
While severe winter weather hurt sales trends at many chains in January and February, consumer spending increased in March, leaving many in the industry with a bit of spring fever. Companies including Brinker International, California Pizza Kitchen and Yum! Brands already have said first-quarter results were better than expected just months ago.Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Analysts said they expect the majority of restaurant companies to beat earnings expectations for the first quarter and to increase corporate profit guidance for the remainder of 2010. Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
“We expect mostly positive restaurant earnings over the next two weeks,” Joe Buckley, securities analyst at Bank of America Merrill Lynch, said in a note to investors on Friday. “Strengthening sales trends and favorable costs – lower food [and] labor costs benefiting from low employee turnover, and lingering benefits from cost reduction or cost control programs – are a solid combination for earnings.”Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
First on tap Tuesday morning is Dallas-based Brinker, which said in late March that its sales had improved, leading the company to increase earnings expectations for the full year. The company also noted that it expected margin improvements throughout the year from its $100 million kitchen improvement program. Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Other companies reporting this week include McDonald’s Corp., Starbucks Corp., Chipotle Mexican Grill Inc., The Cheesecake Factory Inc., and BJ’s Restaurants Inc.Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
“Our channel checks across all aspects of the restaurant industry – both casual and quick service – indicate March sales remained vibrant, especially with easy comps year-over-year,” Stifel Nicolaus securities analyst Steve West said in a research note to investors late last week. “We believe the abatement of many of the deep discounts from [the second half of 2009] for both segments should produce, at least, a stabilization of sales trends.Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
“Thus even in the face of record high unemployment in many areas, depressed home values, and tightened credit, we expected improving year-over-year sales gains (mostly from ‘easy comps’) which is at least a first step toward recovery,” he said.Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Companies scheduled to report next week include Buffalo Wild Wings Inc., Panera Bread Co., Kona Grill Inc., P.F. Chang's China Bistro Inc., and Burger King Holdings Inc. Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
For real-time data on restaurant stocks, visit NRN's Market Monitor at http://finance.nrn.com.Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Contact Sarah E. Lockyer at [email protected]. Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.
Restaurant companies releasing first-quarter results in the weeks ahead are expected to report improved sales trends, continued cost controls and a heightened sense that an industry recovery has begun, according to securities analysts.