First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Domino's Pizza Inc. showcased one of the industry’s largest sales surges with a 14.3-percent increase in same-store sales, which the company attributed entirely to a positive consumer response to its reformulated pizza. Caribou Coffee Company Inc., Einstein Noah Restaurant Group Inc. and Texas Roadhouse Inc. also reported positive same-store sales.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
At Texas Roadhouse, it was the first positive same-store sales result in two years. While management said that sales dipped again during the first two weeks of April, they noted that a return to positive territory was seen later in the month, leading to optimistic views for the remainder of the year.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
“Restaurant — and broader discretionary retail — industry comps remain very volatile on a week to week basis,” securities analyst Jeff Bernstein at Barclays Capital Equity Research said in a Friday research note. “While broader April retail sales … were disappointing relative to consensus, and certainly similar concerns have circulated around restaurants, most restaurants that have commented on April comps were optimistic, often highlighting sequential improvement.”First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
While traffic improvements have been noted, many casual-dining chains still are posting negative same-store sales. And while Morton's said it benefited from a return in convention and business travel, fellow fine-dining chain McCormick & Schmick's continued to struggle, posting a 9.6-percent drop in same-store sales.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
A selection of this week's earnings results:First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
California Pizza Kitchen Inc. (CPKI): The company reported net income of $2.5 million, or 10 cents per share, down 3.5 percent from profit of $2.6 million or 11 cents a share, in the same quarter a year earlier. First-quarter revenue fell 2.7 percent to $156.7 million, reflecting a 2.7-percent drop in same-store sales at the chain's full-service locations.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Sales of California Pizza Kitchen brand frozen pizzas in grocery stores were down 9.3 percent for the first quarter, which co-chief executive Rick Rosenfield blamed on increasing competition, changes in the sales program and difficulties in the transition as manufacturer Kraft was acquired recently by Nestle S.A. However, Rosenfield said the relationship with Nestle has resulted in development of an “exciting” new pizza product to debut later this year, though he declined to offer details.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
California Pizza Kitchen said last month that it was exploring strategic options, which could include a possible sale. The company operates, licenses or franchises 253 restaurants.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Caribou Coffee Company Inc. (CBOU): The coffeehouse company said its revamped branding and slate of new products have begun to pay dividends, as first-quarter profit and same-store sales increased compared with a year earlier.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Caribou’s net income for the quarter totaled $1 million, or 5 cents a share, compared with earnings of $300,000, or 2 cents a share, in the same quarter a year earlier. Revenue rose 11 percent to $67.1 million. Caribou Coffee operates 413 coffeehouses and franchises another 123 locations.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
The chain’s same-store sales also increased 5.2 percent, following several sales-building initiatives, including the debut of oatmeal, a new line of mochas and a rebranding effort dubbed “the new ’Bou,” which coincided with the rollout of Tea Latte Fusions.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
CEC Entertainment Inc. (CEC): The parent to the 546-unit Chuck E. Cheese’s chain reported first-quarter net income of $33.9 million, or $1.53 a share, down less than 1 percent from profit of $34.1 million, or $1.48 a share, in the same quarter a year ago.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Revenue slipped 0.7 percent to $246.3 million in the quarter. Same-store sales increased 0.7 percent.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
DineEquity Inc. (DIN): DineEquity's profit tumbled 58 percent in the first quarter to $12.8 million, or 75 cents per share, compared with earnings $30.6 million, or 1.80 per share, in the same quarter last year. DineEquity booked larger gains on debt extinguishment and asset sales in the year-ago first quarter.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Revenue declined nearly 5 percent to $357.9 million. At the 1,455-unit IHOP chain, same-store sales fell 0.4 percent, while same-store sales at the 2,001-unit Applebee’s fell 2.7 percent. Traffic was down at both chains.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Domino's Pizza Inc. (DPZ): Domino's reformulated pizza and the big marketing push behind it drove the nation's second-largest pizza chain to a 14.3-percent surge in first-quarter same-store sales.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
The company’s net income in the quarter rose 3.2 percent to $24.5 million from $23.8 million in the same quarter a year earlier. Earnings per share remained flat at 41 cents. Backing out one-time items in both quarters, including debt retirement, per-share earnings totaled 35 cents in the latest quarter, up from 20 cents in the same year-ago quarter.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter evenue totaled $381.1 million, an 18.4-percent increase from the first quarter of 2009. Domino’s operates or franchises a total of 9,036 restaurants worldwide.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
When asked how much the new pizza — which was reformulated with what Domino’s called a more robust sauce, a new cheese blend and a crust with a stronger garlic accent — accounted for the same-store sales jump, chief executive Patrick Doyle replied, “All of it.”First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Einstein Noah Restaurant Group Inc. (BAGL): The parent of three fast-casual bagel chains said systemwide same-stores sales increased 0.1 percent for the first quarter, the first positive result in five quarters.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter net income totaled $620,000, or 3 cents per share, down from $1.9 million, or 11 cents per share, in the same quarter a year ago. Revenue rose slightly to $100.8 million, from $100.4 million a year earlier. The company operates or franchises 690 restaurants under the Einstein Bros. Bagels, Noah’s New York Bagels and Manhattan Bagel brands.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
McCormick & Schmick’s Seafood Restaurants Inc. (MSSR): The company narrowed its net loss to $400,000, or 3 cents per share, from a loss of $1.1 million, or 8 cents a share, in the same quarter a year ago.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Revenue for the quarter fell 7.7 percent to $84.8 million, primarily as a result of a 9.6-percent decrease in same-stores sales. The company said latest sales trends, while still negative, reflected sequential improvements in each of the past two quarters. The company operates 94 upscale restaurants in the United States and Canada.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Morton’s Restaurant Group Inc. (MRT): Morton’s Restaurant Group said it has returned to sales and profit growth as a result of improvement in business travel, entertainment and conventions. Net income for the first quarter totaled $1.2 million, or 7 cents per share, compared with a net loss of $1.5 million, or 10 cents per share, in the year-earlier quarter.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter revenue rose 4.9 percent to $75.3 million, reflecting a 3.6-percent increase in same-store sales at the company's namesake steakhouse chain.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
“The slow but continuous improvement of business travel, conventions and entertaining is having a positive impact on our business,” said recently appointed president and chief executive, Christopher Artinian.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
The company operates 76 Morton’s The Steakhouse restaurants and one Trevi upscale Italian restaurant in Las Vegas.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Papa John's International Inc. (PZZA): Papa John’s net income for the first quarter totaled $16.9 million, or 62 cents per share, which included a $2.2 million benefit for the consolidation of its cheese purchasing cooperative BIBP Inc., adding 8 cents to the company’s earnings. A year earlier, the company’s net income totaled $17.8 million, or 64 cents per share, including a $5.9 million benefit from the consolidation of BIBP.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter revenue increased 1.7 percent to $285.8 million, reflecting 22 net openings worldwide in the quarter. Papa John’s domestic same-store sales dipped 0.4 percent in the first quarter.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Texas Roadhouse Inc. (TXRH): Texas Roadhouse Inc. said its first-quarter profit increased 34 percent on improved same-store sales and favorable commodity costs. The operator or franchisor of 325 casual-dining restaurants said net income in the quarter rose to $19.2 million, or 27 cents per share, compared with earnings of $14.3 million, or 20 cents a share, in the same quarter a year ago.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Revenue rose 5.5 percent to $259.6 million. Same-store sales rose 0.4 percent at company-owned restaurants and 0.9 percent at franchised locations.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Mark Brandau, Lisa Jennings, Alan. J. Liddle and Ron Ruggless contributed to this report.First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
Contact editor Molly Gise at [email protected].First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
First-quarter earnings season continued last week, with most restaurant companies reporting improving sales trends. And while the majority of restaurant chains have ceased monthly sales updates, many executives have said April sales continue to move in a positive trajectory.
