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Vapiano SE Appointment Of Oliver Meier As Member Of Management Board

Monday, 29 Jun 2020

Vapiano SE ::DGAP-ADHOC: VAPIANO SE: APPOINTMENT OF OLIVER MEIER AS MEMBER OF THE MANAGEMENT BOARD.APPOINTMENT OF OLIVER MEIER AS MEMBER OF MANAGEMENT BOARD.OLIVER MEIER WILL WORK CLOSELY WITH INSOLVENCY ADMINISTRATOR DR. RUTH RIGOL AND ACCOMPANY FURTHER COURSE OF INSOLVENCY PROCEEDINGS.

Retail Food Group Says FY20 Underlying EBITDA Guidance Of C.$35 Mln

Friday, 26 Jun 2020

June 26 (Reuters) - Retail Food Group Ltd ::FY20 UNDERLYING EBITDA GUIDANCE OF C.$35M.ANTICIPATED NET DEBT AT 30 JUNE 2020 OF C.$25M.REALISED ANNUALISED COST SAVINGS OF C.$6M PA FROM WHOLESALE COFFEE BUSINESS RESTRUCTURE.

Jollibee Foods Expects Sales Will Continue To Be Much Lower In Next Few Months

Friday, 22 May 2020

May 22 (Reuters) - Jollibee Foods Corp ::TO SPEND 7 BILLION PESOS TO IMPLEMENT SIGNIFICANT CHANGES TO GLOBAL BUSINESS STRUCTURE.CHANGES WILL INVOLVE RATIONALIZATION OF NON-PERFORMING STORES, STORE NETWORK, SUPPLY CHAIN FACILITIES AMONG OTHERS.EXPENSE PROVISION FOR TRANSFORMATION TO BE SET UP IN Q2 2020 & INCURRED MOSTLY WITHIN 2020.PLANNED CHANGES WILL TAKE PLACE MOST IMPORTANTLY IN PHILIPPINES, CHINA & NORTH AMERICA.OVERALL SAME STORE SALES GROWTH AT CO-OWNED STORES SINGLE DIGIT TO DOUBLE DIGITS IN RECENT WEEKS.CO'S BRANDS IN DIFFERENT PARTS OF WORLD EXPECTED TO BE QUITE RESILIENT.DELIVERY-TO-HOME & OFFICES BUSINESS AT JFC GROUP CONTINUES TO GROW SIGNIFICANTLY.ESTIMATE THAT CO'S PROFIT FOR 2020 "WILL NOT BE GOOD AT ALL" DUE TO OVERALL ECONOMIC ENVIRONMENT.EXPECTS TO OPEN WORLDWIDE TOTAL OF 171 COMPANY-OWNED NEW STORES IN 2020.PLANNED CAPITAL EXPENDITURES FOR 2020 BEING REDUCED BY 63%.IN NEXT FEW MONTHS, EVEN AS LOCK DOWNS BEGIN TO BE LIFTED, FORECAST SALES WILL CONTINUE TO BE MUCH LOWER.

Minor International Says Implementing Drastic Cost-Cutting Initiatives

Monday, 23 Mar 2020

March 23 (Reuters) - Minor International PCL ::MINIMIZING COVID-19 IMPACT ON REVENUE, PROFITABILITY BY REDUCING NEGATIVE FLOW-THROUGH VIA DRASTIC COST-CUTTING INITIATIVES.MINOR FOOD CLOSED FULL DINE-IN RESTAURANTS IN BANGKOK & SURROUNDING AREAS, WHILE DELIVERY AND TAKEAWAY UNITS REMAIN OPERATIONAL.EXECS IN CORPORATE OFFICE WORLD-WIDE TAKING TEMPORARY DEFERRAL OF PROPORTION OF MONTHLY SALARIES FOR AT LEAST 3 MNTHS.ALL EMPLOYEES’ ANNUAL MERIT INCREASES POSTPONED FOR AT LEAST 3 MNTHS.ALL SIGNIFICANT CAPEX INVESTMENTS HAVE BEEN SUSPENDED AND WILL ONLY PROCEED WHEN AN OBLIGATION OCCURS.IS IMPLEMENTING LEAVE WITHOUT PAY SCHEMES.ANANTARA KALUTARA AND AVANI KALUTARA HOTELS IN SRI LANKA TEMPORARILY CONSOLIDATED INTO ONE SINGLE OPERATION FOR COST REDUCTION.

Sfinks Completes Review Of Strategic Options

Friday, 10 Jan 2020

Jan 10 (Reuters) - Sfinks Polska SA ::COMPLETES REVIEW OF STRATEGIC OPTIONS.CO HAS STARTED TALKS WITH INVESTOR INTERESTED IN OBTAINING NO MORE THAN 9.9% IN SHARE CAPITAL, SUGGESTED AMOUNT OF INVESTMENT MIGHT REACH 25 MILLION ZLOTYS.CO HAS UNDERTAKEN ACTIONS AIMED AT ISSUE OF UP TO 6 MILLION P SERIES SHARES.P SERIES SHARES TO HAVE NO PRE-EMPTIVE RIGHTS.

Wendy's To Realign Resources In Its Information Technology Organization

Monday, 9 Dec 2019

Dec 9 (Reuters) - Wendy's Co ::WENDYS CO - ON DECEMBER 5, 2019, BOARD OF DIRECTORS APPROVED A PLAN TO REALIGN AND REINVEST RESOURCES IN ITS INFORMATION TECHNOLOGY ORGANIZATION.WENDYS CO - CO EXPECTS MAJORITY OF IMPACT OF REALIGNMENT PLAN TO OCCUR AT RESTAURANT SUPPORT CENTER IN DUBLIN, OHIO.WENDYS CO - EXPECTS REALIGNMENT PLAN WILL REDUCE CERTAIN EMPLOYEE COMPENSATION AND OTHER RELATED COSTS.WENDYS CO - EXPECTS TO INCUR TOTAL COSTS OF APPROXIMATELY $13 TO $15 MILLION RELATED TO REALIGNMENT PLAN.WENDYS CO - EXPECTS COSTS TO BE RECOGNIZED BEGINNING IN Q4 OF 2019 AND CONTINUING INTO FIRST HALF OF 2020.WENDYS - SEES FREE CASH FLOW IN 2020 OF ABOUT $230-$240 MILLION, EXCLUDING ABOUT $20 MILLION TAX-EFFECTED IMPACT FROM SETTLEMENT OF FINANCIAL INSTITUTIONS CASE.WENDYS CO - INCLUDING IMPACT OF SETTLEMENT, NOW EXPECTS FREE CASH FLOW IN 2020 OF ABOUT $210 TO $220 MILLION.

Starbucks Says China/Asia Pacific, Europe, Middle East, And Africa Will Be One International Segment

Wednesday, 16 Oct 2019

Oct 16 (Reuters) - Starbucks Corp ::STARBUCKS CORP - INTRODUCES REALIGNED OPERATING SEGMENT REPORTING STRUCTURE AND STATEMENT OF EARNINGS RECLASSIFICATIONS.STARBUCKS CORP - PREVIOUS CHINA/ASIA PACIFIC SEGMENT AND EUROPE, MIDDLE EAST, AND AFRICA SEGMENT HAVE BEEN COMBINED INTO ONE INTERNATIONAL SEGMENT.STARBUCKS - WILL CONTINUE TO PROVIDE SUPPLEMENTAL INFORMATION ON ITS TWO LEAD GROWTH MARKETS, U.S. AND CHINA, IN ITS QUARTERLY EARNINGS NEWS RELEASES.STARBUCKS CORP - NO IMPACT TO CONSOLIDATED NET REVENUES, CONSOLIDATED OPERATING INCOME, OR NET EARNINGS PER SHARE AS A RESULT OF CHANGES.

Food Revolution Group Sees Top Line Growth Of Circa 25% In Fy20

Friday, 30 Aug 2019

Aug 30 (Reuters) - Food Revolution Group Ltd ::EXPECTS TO SEE TOP LINE GROWTH OF CIRCA 25% IN FY20 AND PROVIDES REVENUE GUIDANCE OF OVER $40 MILLION.EXPECTS GROSS MARGIN FOR FY20 TO IMPROVE TO WELL ABOVE 30%.EXPECTED TO GENERATE COST-SAVINGS OF UP TO $1.8 MILLION PER YEAR AFTER COST REVIEW.ANTICIPATES EXPENSES IN FY20 TO BE LESS THAN FY 18 EXPENSE LEVELS.

Arcos Dorados Q3 Earnings Per Share $0.20

Wednesday, 14 Nov 2018

Nov 14 (Reuters) - Arcos Dorados Holdings Inc ::ARCOS DORADOS REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS.Q3 REVENUE FELL 12.9 PERCENT TO $720.3 MILLION.Q3 EARNINGS PER SHARE $0.20.QTRLY SYSTEMWIDE COMPARABLE SALES ROSE 7.4% YEAR-OVER-YEAR.QTRLY CONSOLIDATED RESULTS CONTINUE TO BE HEAVILY IMPACTED BY VENEZUELA’S MACROECONOMIC VOLATILITY.ARCOS DORADOS - RECORDED LONG-LIVED ASSET IMPAIRMENT CHARGE OF $11.1 MILLION IN QTRLY CARIBBEAN DIVISION RESULTS.

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