Restaurant Group Plc : Open 4.3 pct higher after results beat estimate and co maintains guidance Further company coverage: [RTN.L] (Bengaluru Newsroom: +91 806 749 1136).
Yoshinoya Holdings Co Ltd <9861.T> :Says it plans to merge with its wholly owned unit which is engaged in restaurant industry related management consulting business, effective on Dec. 1 instead of Sep. 1 previously.
Umenohana Co Ltd <7604.T>: Says a newly established unit, based in Fukuoka, will take over the takeout business in eastern Japan from the co's Fukuoka-based food& drink unit . Says the food& drink unit will mainly cover the takeout business in western Japan after the restructuring .Says effective date on Oct. 1.
Asmo Corp <2654.T>: Says it plans to spin off Asmofoodservice Corp to set up four new units in different areas of Japan on Sep. 1 .Says the four units will be wholly owned by Asmofoodservice Corp.
Ruby Tuesday Inc : Q4 revenue $279.3 million . Ruby Tuesday, Inc. Reports fourth quarter and fiscal year 2016 financial results . Q4 loss per share $0.46 . Sees FY 2017 adjusted earnings per share $0.05 to $0.09 . Qtrly same-restaurant sales declined 3.7% following a 1.7% decline in Q4 of prior fiscal year . Ruby Tuesday Inc qtrly adjusted net income was $6.3 million, or $0.10 per diluted share . Announced plans to streamline organization, improve financial profitability . During Q4, four corporate-owned Ruby Tuesday restaurants were closed and one was opened . 95 underperforming restaurant locations will cease operations by September 2016 . One domestic franchised Ruby Tuesday restaurant was closed in Q4 . Sees fiscal year 2017 same-restaurant sales of flat to up 2% for comparable fifty-two week period ending May 30, 2017 . Sees fiscal year 2017 capital expenditures ranging from $38 million to $42 million . Expect macro environment to remain challenging for some time; taking necessary steps to change trajectory of business . Fresh start initiative will be achieved through execution of several key strategies including an asset rationalization plan . Fresh start initiatives will be rolled out in phases across multiple markets throughout coming quarters . Estimates that it will incur $72 million to $81 million in pre-tax charges related to restaurant closures in FY 2017.
:Chipotle Mexican Grill announces it will open a new burger restaurant called "Tasty Made" this fall in Lancaster - CNBC.
SFP Dining Co Ltd <3198.T>:Says it to restructure the company into a holding company, with effective date on Sep. 1.
Yoshinoya Holdings Co Ltd <9861.T> : Says it plans to merge with its wholly owned unit which is engaged in restaurant industry related management consulting business, effective on Sep. 1 .Says the unit to be dissolved after the transaction.
Mcdonald's Corp : Mcdonald's announces second quarter strategic charges . Plans to refranchise 4,000 restaurants by end of 2018 . Company expects to incur additional strategic charges in connection with these ongoing initiatives . Mcdonald's announced that for quarter ended June 30, 2016 , company expects to incur approximately $235 million in pretax charges . Plans net G&A savings target of $500 million , vast majority of which is expected to be realized by end of 2017 .To incur about $0.20 per share on an after-tax basis for quarter ended June 30, 2016 , consisting primarily of non-cash impairment charges.
Kotipizza Group Oyj : Kotipizza's Marketing Co-operative changes into Franchisee Co-operative . Change is going to have financial effect on Kotipizza Group . Funds collected for Kotipizza's countrywide marketing, 4 percent of sales of Kotipizza chain, are going to be invoiced to the Kotipizza segment starting July 1, 2016 . This will grow segment's, and thus group's turnover without affecting profit, but will have an effect on relative profitability .In 2015, Marketing Co-operative had a turnover of about 3.2 million euros ($3.6 million).