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Restaurants & Bars

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LI Bao Ge Group issues profit warning<8102.HK>

10:31am BST

LI Bao Ge Group Ltd <8102.HK>: Gp-profit warning . Group is expected to record a loss after tax for the period as compared with a profit after tax recorded for the six months ended 30 June 2015 .Expected result due to I-Square restaurant, which was closed in November 2015.

Xiao Nan Guo Restaurants and zhongmin supply chain enters into procurement framework agreement<3666.HK>

Friday, 22 Jul 2016

Xiao Nan Guo Restaurants Holdings Ltd <3666.HK>: Says company and zhongmin supply chain entered into the procurement framework agreement . To procure raw food ingredients and other non-food items used for restaurant operation from zhongmin supply chain . Total procurement amounts payable by co to zhongmin supply chain for 2017-2019 shall not exceed RMB 1.55 billion .

Chipotle to increase free food giveaways in Q3,Q4 2016 new program, chiptopia

Friday, 22 Jul 2016

Chipotle Mexican Grill Inc : Says its new customer frequency program, chiptopia, expected to result in increases in free food giveaways during Q3 & Q4 of 2016 Source: (http://bit.ly/29RvxOG ) Further company coverage: [CMG.N] (Bengaluru Newsroom: +1 646 223 8780).

McDonald's Holdings Company Japan says to launch Pokemon Go via subsidiary

Friday, 22 Jul 2016

McDonald's Holdings Company Japan <2702.T>: Says wholly owned subsidiary McDonald's will cooperate with Niantic , Inc. and The Pokémon Company, launching Pokemon GO mobile game, in Japan .Says its nearly 3,000 shops across Japan would serve as spots where Pokemon can be battled or "trained" in the game - but added a very Japanese caveat.

Balnibarbi says business alliance with ES-CON JAPAN

Friday, 22 Jul 2016

Balnibarbi <3418.T>: Says it formed a business alliance with ES-CON JAPAN Ltd. on July 22 .Says the two entities will cooperate on operation and management of Calendar Hotel.

Restaurant Brands New Zealand updates on outlook

Friday, 22 Jul 2016

Restaurant Brands New Zealand Ltd : Directors are expecting co to deliver a profit result (excluding unusual items) for current financial year of $28-30 million" . Says "the brand is on target for a weekly average per Restaurant sales of $40,000 this year" .

Chipotle Mexican Grill Q2 earnings per share $0.87

Thursday, 21 Jul 2016

Chipotle Mexican Grill Inc : Chipotle Mexican Grill, Inc. announces second quarter 2016 results . Q2 earnings per share $0.87 . Q2 revenue $998.4 million versus I/B/E/S view $1.05 billion . Q2 earnings per share view $0.93 -- Thomson Reuters I/B/E/S . Qtrly food costs were 34.2% of revenue, an increase of 110 basis points as compared to Q2 of 2015 . Qtrly comparable restaurant sales decreased 23.6% . Qtrly restaurant level operating margin was 15.5 percent, down from 28 percent . For 2016, management expects 220 - 235 new restaurant openings . For 2016, management expects an effective full year tax rate of approximately 38.6% .Qtrly "Comparable restaurant sales declined primarily as a result of a decrease in number of transactions in our restaurants".

Starbucks Q3 GAAP earnings per share $0.51

Thursday, 21 Jul 2016

Starbucks Corp : Q3 China/Asia pacific comp sales up 3% percent . Fy16 operating margin is expected to increase slightly versus prior year . Fy consolidated revenue growth now expected to be approximately 10% on a 52 week basis (from 10%+), 53rd week expected to add about 2% . Full year global comparable store sales growth now expected to be mid-single digits . Fy GAAP EPS now expected to be in range of $1.88 to $1.89 . Starbucks reports record q3 financial and operating results . Q3 revenue $5.2 billion versus I/B/E/S view $5.33 billion . Q3 gaap earnings per share $0.51 . Q3 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Qtrly comparable store sales rise 7% in China, 4% in u.s. And 4% globally . Expecting approximately 1,900 net new store openings in fiscal year . Q3 EMEA comp sales down 1% . Declared a cash dividend of $0.20 per share, payable on august 19, 2016 to shareholders of record as of august 4, 2016 .Fy2016 earnings per share view $1.89, revenue view $21.45 billion -- Thomson Reuters I/B/E/S.

Rave Restaurant says Clinton Coleman appointed as interim CEO

Thursday, 21 Jul 2016

Rave Restaurant Group Inc: Rave Restaurant Group Inc announces CEO transition . Clinton Coleman, a current member of company's board of directors, has been appointed interim chief executive officer . Board has retained executive search firm Heidrick & Struggles to conduct a search for a permanent CEO .Coleman is succeeding Randy Gier through a mutual agreement between all parties.

Dunkin' Brands says FY 16 operating income growth to be 27-30 pct- conf call

Thursday, 21 Jul 2016

Dunkin' Brands Group Inc : Dunkin' Brands Executive says "Disappointed with the level of negative transactions that we experienced in the quarter, particularly in the afternoon" - conf call . Dunkin' Brands Executive says short term sales guidance remains unchanged - conf call . Traffic deceleration was in part amplified by softening in QSR and restaurant marketplace; traffic was negative 240 BPS to comparable sales in the second quarter - conf call . For 2016, expect GAAP operating income growth of 27-30 percent, helped by rollover of the Japan impairment recorded last year - conf call Further company coverage: [DNKN.O] ((Bengaluru Newsroom: +1 646 223 8780;)).

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