Edition:
United Kingdom

Restaurants & Bars

Page 1

Boston Pizza International to internally reorganize

Wednesday, 20 Sep 2017

Sept 19 (Reuters) - Boston Pizza Royalties Income Fund :Boston Pizza International Inc. announces plans for internal reorganization.Co and Boston Pizza International Inc announced plans for orderly succession of ownership at BPI.Reorganization will involve BPI obtaining new senior credit facilities in amount of $50 million from Bank of Montreal.Boston Pizza franchisees will be unaffected by reorganization.Economic terms of relationship between fund and BPI will not change.

Starbucks Corp says shuttered more than 500 stores preceding Hurricane Irma‍​

Monday, 11 Sep 2017

Sept 11 (Reuters) - Starbucks Corp :Says "We shuttered more than 500 stores across the Southeast and Puerto Rico preceding Hurricane Irma"‍​.Says expect store closures, dislocations, extraordinary Hurricane related expenses to have some impact on current quarter financial results‍​.Says reopening more than 400 stores that were closed due to Hurricane Harvey "when and where it is safe to do so".

Joyfull says integration of family restaurant business

Monday, 11 Sep 2017

Sept 11 (Reuters) - Joyfull Co Ltd <9942.FU>:* Says it plans to set up a wholly owned unit in Oita, which will be engaged in operating of family restaurants, effective Oct. 13 .* Says merger between five units, which are engaged in operating of family restaurants, effective Jan. 1, 2018 .

Restaurant Brands New Zealand Acquires 10 KFC sites in Australia

Monday, 28 Aug 2017

Aug 28 (Reuters) - Restaurant Brands New Zealand Ltd :Restaurant Brands Acquires 10 KFC sites in Australia .Purchase Represents A Total Investment Of $a27.5 Mln.Purchase which will be 100% debt funded is expected to settle in stages between september and november 2017.Following acquisition all yum! Staff will be offered ongoing employment in stores on same terms and conditions.On a full year basis, acquisition is expected to generate sales of $a29 mln and an ebitda (pre-g&a) of $a4.5 mln..Through its unit Qsr Pty Ltd, concluded sale & purchase agreements with a unit of Yum! Restaurants International.

Restaurant Brands New Zealand Acquires 10 KFC sites in Australia

Monday, 28 Aug 2017

Aug 28 (Reuters) - Restaurant Brands New Zealand Ltd :Restaurant Brands Acquires 10 KFC sites in Australia .Purchase Represents A Total Investment Of $a27.5 Mln.Purchase which will be 100% debt funded is expected to settle in stages between september and november 2017.Following acquisition all yum! Staff will be offered ongoing employment in stores on same terms and conditions.On a full year basis, acquisition is expected to generate sales of $a29 mln and an ebitda (pre-g&a) of $a4.5 mln..Through its unit Qsr Pty Ltd, concluded sale & purchase agreements with a unit of Yum! Restaurants International.

Asrapport Dining unit to acquire France-based catering company

Friday, 26 May 2017

May 26(Reuters) - Asrapport Dining Co Ltd <3069.T>:Says its unit Atariya Foods Limited plans to acquire a France-based company Riem Becker SAS, which is engaged in catering business, from an Oita-based firm at the price of 381 million yen .Says unit will hold 74 percent voting power of Riem Becker SAS on May 30.

Restaurant Group says like-for-like sales for 20 weeks ended May declined 1.8 pct

Friday, 26 May 2017

May 26 (Reuters) - Restaurant Group Plc :Like-For-Like sales for 20 weeks ended 21 may 2017 have declined 1.8%, with total sales decreasing by 1.5.Like-For-Like sales for 20 weeks ended 21 may 2017 have declined 1.8%, with total sales decreasing by 1.5%..Continue to expect to deliver a pbt outcome for full year in-line with current market expectations.Accordingly, we continue to expect to deliver a pbt outcome for full year in-line with current market expectations.In period we saw strong performances from our concessions business, benefitting from strong growth in passenger numbers.Implementation of our strategy is progressing well as we make required investments in price, marketing and our offer.Group's balance sheet remains strong.

Young & Co's Brewery records 53-Wks profit before tax 37 million pounds

Thursday, 25 May 2017

May 25 (Reuters) - Young & Co's Brewery Plc :Final dividend up 6.1 percent to 9.62 penceper share.Total dividend up 6.1 percent to 18.5 penceper share.Proposed 6.1% increase in final dividend to 9.62 pence.53-Wks profit before tax 37 million pounds, up 12.8pct.Looking forward, there will be some impact to margins due to significant hike in business rates.

Domino's Pizza upgrades FY17 EBITDA and NPAT guidance

Tuesday, 14 Feb 2017

Domino's Pizza Enterprises Ltd : "Expects franchisee profitability to break new record this financial year, and current store payback is 3-5 years" . Company upgrading underlying EBITDA and NPAT growth guidance to be in region of +32.5% for FY17 . Domino's has increased SSS guidance for ANZ to be in region of +14-16% SSS (up from +12-14%) . FY17 SSS guidance for Europe and Japan have been confirmed and are on track at +5-7% and 0-+2% respectively . FY17 guidance on new store openings is between 175-195 for group ."We have opened 27 new stores this financial year and are set to open an additional 35 new stores before 02 July".

Jollibee Foods profit rises by 25 pct

Tuesday, 14 Feb 2017

Jollibee Foods Corp : JFC opens 340 stores in 2016, profit rises by 25% . Qtrly net income attributable 1.75 billion pesos versus 1.07 billion pesos . Q4 operating income rises 62.7 percent to 1.53 billion pesos . Allotting 14 billion pesos capital expenditures in 2017 .Look forward to continued strong profitable growth in the years ahead in the Philippines and abroad.

Markets

  • Sectors
  • Europe
  • U.S.
  • Asia

Sector Summary