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Restaurants & Bars

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JD Wetherspoon comparable sales growth slows in 5-weeks to Oct 23

Wednesday, 2 Nov 2016

J D Wetherspoon Plc : Trading statement . For 13 weeks to Oct. 23 2016, like-for-like sales increased by 3.5 pct and total sales increased by 2.3 pct . Level of like-for-like sales reduced to 2.3 pct in last 5 weeks of period . Operating margin, excluding property gains, in 13 weeks to Oct. 23 2016 was 8.6 pct, compared with 5.8 pct in same 13 weeks last year . Margin was unusually high during period and was unusually low for same three months last year . Company currently anticipates an operating margin of around 7 pct for current financial year . Company has opened one new pub since start of financial year and has sold nine . Intend to open about 15 pubs in current financial year . As at July 24 2016, company's net debt/EBITDA was 3.47 times . For foreseeable future, it is intended that company's net debt/EBITDA will be around 3.5 times . Company has made a reasonable start in current year .Any forecasts for full year are inevitably tentative, with nine months still to go - and outlook for current FY is unchanged.

Li bao ge group expects to record a loss after tax nine months ended 30 September

Tuesday, 1 Nov 2016

Li Bao Ge Group Ltd <8102.HK>- : For nine months ended 30 September 2016 expected to record a loss after tax .Loss-making position for period was mainly attributable to I-Square restaurant, which was closed in november 2015.

Yum! Brands completes separation of Yum China business

Tuesday, 1 Nov 2016

Yum! Brands Inc :Yum! Brands completes separation of Yum China business, creating two powerful, independent, focused growth companies.

Groupe Flo 9M EBITDA turns to loss of 5.1 million euros

Tuesday, 25 Oct 2016

Groupe Flo SA : 9M EBITDA loss 5.1 million euros ($5.55 million) versus profit of 4.1 million euros year ago . 9M net loss group share 12.4 million euros versus loss of 14.9 million euros year ago . 9M revenue 196.9 million euros versus 217.0 million euros year ago . The attacks in Nice July 14, 2016 and the extension of the state of emergency emphasize the uncertainties in tourist numbers and consumer attitudes .The change in this context will have a decisive impact on Groupe Flo performance in Q4.


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