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CEC Entertainment 3Q profit declines 4.6%CEC Entertainment 3Q profit declines 4.6%

Same-store sales, revenue also decreased during the quarter

Ron Ruggless, Senior Editor

October 31, 2013

1 Min Read
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CEC Entertainment Inc., parent to the 571-unit Chuck E. Cheese’s chain, reported Thursday a 4.6-percent decrease in profit for the third quarter ended Sept. 29. Michael H. Magusiak, president and chief executive of Irving, Texas-based CEC, said in a statement that same-store sales turned positive in the first four weeks of the fourth quarter, but the company expects same-store sales to be “relatively flat” for the rest of the fiscal year.
 

NET INCOME

Result: $7.4 million, or 43 cents per share
% Decrease: 4.6% (from $7.8 million, or 45 cents per share)

REVENUE

Result: $195.9 million
% Increase: 0.3% (from $196.6 million)

SAME-STORE SALES

% Decrease systemwide: 2.1%

Source: Company report


 
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Contact Ron Ruggless at [email protected].
Follow him on Twitter: @RonRuggless

About the Author

Ron Ruggless

Senior Editor, Nation’s Restaurant News / Restaurant Hospitality

Ron Ruggless serves as a senior editor for Informa Connect’s Nation’s Restaurant News (NRN.com) and Restaurant Hospitality (Restaurant-Hospitality.com) online and print platforms. He joined NRN in 1992 after working 10 years in various roles at the Dallas Times Herald newspaper, including restaurant critic, assistant business editor, food editor and lifestyle editor. He also edited several printings of the Zagat Dining Guide for Dallas-Fort Worth, and his articles and photographs have appeared in Food & Wine, Food Network and Self magazines. 

Ron Ruggless’ areas of expertise include foodservice mergers, acquisitions, operations, supply chain, research and development and marketing. 

Ron Ruggless is a frequent moderator and panelist at industry events ranging from the Multi-Unit Foodservice Operators (MUFSO) conference to RestaurantSpaces, the Council of Hospitality and Restaurant Trainers, the National Restaurant Association’s Marketing Executives Group, local restaurant associations and the Horeca Professional Expo in Madrid, Spain.

Ron Ruggless’ experience:

Regional and Senior Editor, Informa Connect’s Nation’s Restaurant News and Restaurant Hospitality (1992 to present)

Features Editor – Dallas Times Herald (1989-1991)

Restaurant Critic and Food Editor – Dallas Times Herald (1987-1988)

Editing Roles – Dallas Times Herald (1982-1987)

Editing Roles – Charlotte (N.C.) Observer (1980-1982)

Editing Roles – Omaha (Neb.) World-Herald (1978-1980)

Email: [email protected]

Social media:

Twitter@RonRuggless

LinkedIn: www.linkedin.com/in/ronruggless

Instagram: @RonRuggless

TikTok: @RonRuggless

 

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