The Associated Press reported that Noodles & Co has made a regulatory filing for a proposed Initial Public Offering of Class A common stock. The Broomfield, Colo.-based fast-casual chain said that the size and price range of the offering haven't been determined yet. Its stock would trade under the proposed Nasdaq symbol NDLS.
Tung Lok Restaurants (2000) Ltd announced that for fiscal 2013, it expects to report a loss, due to closures of a few key outlets (which have been earmarked for redevelopment) during the preceding financial year which affected the revenue and earnings in fiscal 2013; rising operating costs (including rental and wages); and new outlets in fiscal 2013 which are slow in generating revenue.
Ukai Co Ltd announced that it has decided to issue a year-end dividend payment of JPY 12 per share, above its latest dividend forecast of JPY 10 per share announced on May 18, 2012, to all its shareholders as a record of March 31, 2013. The dividend will be paid on June 25, 2013.
Marston's PLC announced that it has appointed Mr. Roger Devlin as the new Chairman, effective September 1, 2013.
Kentucky Fried Chicken Japan Ltd announced that it has decided to change to holding company structure, effective April 1, 2014. The Company will establish three wholly owned subsidiaries to take over businesses from the Company, on May 16, 2013. The Company will change its name to KFC Holdings Japan, Ltd., effective April 1 ,2014.
Diversified Restaurant Holdings Inc Issues FY 2013 Guidance; EBITDA Guidance Above Analysts' Estimates
Diversified Restaurant Holdings Inc announced that for fiscal 2013, it expects revenue to be in the range of $110.0 million to $115.0 million and restaurant-level EBITDA to be in the $21.0 million to $23.0 million range while adjusted EBITDA to be between $15.0 million to $16.0 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $113.4 million and EBITDA of $14.0 million for fiscal 2013.
Jack In The Box Inc announced that for the third quarter of 2013, it expects Same store sales to increase approximately 1% to 3% at the Company's restaurants versus a 3.4% increase in the year-ago quarter.
G.networks Co Ltd announced that it will record a JPY 117 million extraordinary loss on the impairment of fixed assets, for the fiscal year ended March 2013.
Sakai Co Ltd announced that it has canceled its year-end dividend payment, from its latest year-end dividend forecast of an undetermined value, for the fiscal year ended March 2013.
G Taste Co Ltd announced that it will merge with G.networks Co Ltd and Sakai Co Ltd, through a stock swap effective August 1, 2013. After the merger, G.networks and Sakai will be dissolved. Prior to that, the stock of G.networks and Sakai will be delisted from the Tokyo Stock Exchange and Osaka Securities Exchange, effective July 29, 2013. In addition, the three companies will transfer restaurant operation business to a new company to be established on August 1, 2013, effective August 1, 2013.