Restaurant Industry Enters Into Agreements for Brand Expansion and Reports Financial Results - Research Report on Noodles, Tim Hortons, Dunkin' Brands, Arcos Dorados, and Bloomin' Brands PR Newswire NEW YORK, August 14, 2013 NEW YORK, August 14, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Noodles & Company (NASDAQ: NDLS), Tim Hortons Inc. (NYSE: THI), Dunkin' Brands Group, Inc. (NASDAQ: DNKN), Arcos Dorados Holdings Inc. (NYSE: ARCO), and Bloomin' Brands, Inc. (NASDAQ: BLMN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Noodles & Company Research Report On August 8, 2013, Noodles & Company reported its financial results for Q2 FY 2013 (period ended July 2, 2013). The Company's revenue increased 18.2% YoY to $89.2million. Adjusted net income of $4.0 million or $0.13 per diluted share was slightly higher as compared to $2.9 million or $0.10 per diluted share in Q2 FY 2012. Commenting on the results, Chairman and Chief Executive Officer, Kevin Reddy, remarked, "We are pleased with our second quarter results, as our team's efforts in creating a dining experience that we are proud of allowed us to complete our 15th consecutive quarter and 29 out of 30 quarters of positive comparable restaurant sales growth. Our EPS growth on adjusted net income of 35.6% was the result of continued hard work to bring our 'Your World Kitchen' positioning to life within our restaurants while expanding the brand through the opening of 13 additional restaurants system-wide. Moreover, the execution of our initial public offering on July 2nd has allowed us to pay off nearly all of our outstanding debt, giving us the capital flexibility to pursue our strategy of developing a 'Category of One' in the eating and drinking out space." The Full Research Report on Noodles & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/43f0_NDLS] Tim Hortons Inc. Research Report On August 8, 2013, Tim Hortons Inc. (Tim Hortons) reported its financial results for Q2 2013. Revenue increased 1.9% YoY to $800.1 million. Net income attributable to Tim Hortons was $123.7 million or $0.81 per diluted share, was higher as compared to $108.1 million or $0.69 per diluted share in Q2 2012. Commenting on the results, President and Chief Executive Officer, Marc Caira, said, "We delivered solid profitability in the quarter and progression in same-store sales. Although the operating environment remains challenging, we are focused on building our market leadership to drive top line growth." The Full Research Report on Tim Hortons Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1758_THI] Dunkin' Brands Group, Inc. Research Report On August 5, 2013, Dunkin' Brands Group, Inc. (Dunkin' Brands) announced the signing of a multi-unit store development agreement with existing franchise group, Sizzling Donuts, LLC (Sizzling Donuts), for 18 traditional Dunkin' Donut restaurants and one Dunkin' Donuts/Baskin-Robbins combination location in communities throughout southern Texas. According to the Company, the first restaurant is planned to open in 2014 and the remainder by 2018. Further, Dunkin' Brands reported that as of April 2013, Sizzling Donuts had signed multi-unit franchise agreements to develop 43 new restaurants throughout northern Utah, Denver, Colorado and Texas over the next several years. The group plans to open a total of seven additional units by the end of 2013. Grant Benson, CFE, Vice President of Franchising and Business Development, mentioned, "Our secret to success is our passionate franchisees who provide a high-level of customer service to our guests every day. We believe these existing franchise partners will cultivate lasting customer relationships and become integral parts of their local communities." The Full Research Report on Dunkin' Brands Group, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/383b_DNKN] Arcos Dorados Holdings Inc. Research Report On August 6, 2013, Arcos Dorados Holdings Inc. (Arcos Dorados) reported its financial results for Q2 2013. The Company's revenue increased 9.4% YoY to $989.2 million. Net income was $8.8 million or $0.04 per basic share, compared to net income of $12.1 million or $0.06 per basic share in Q2 2012. Commenting on the results, Chairman and CEO, Woods Staton, said, "Our cost containment initiatives continue to gain traction, resulting in G&A leverage. First half results are on target and we currently expect to reach our full year guidance. We will continue to focus on the areas in our control such as marketing and promotions in order to sustain comparable sales growth." The Full Research Report on Arcos Dorados Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1baa_ARCO] Bloomin' Brands, Inc. Research Report On July 31, 2013, Bloomin' Brands, Inc. (Bloomin' Brands) reported its financial results for Q2 2013. Revenue increased 3.9% YoY to $1.0 billion. Net income attributable to Bloomin' Brands was $74.9 million or $0.58 per diluted share, compared to $17.4 million or $0.16 per diluted share in Q2 2012. Commenting on the results, Chairman of the Board and Chief Executive Officer, Elizabeth Smith, said, "We were very pleased with our second quarter results in a highly competitive and challenged casual dining segment. We posted our 13th consecutive quarter of positive comp sales for our blended core domestic concepts, capturing additional market share." The Full Research Report on Bloomin' Brands, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/037c_BLMN] EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. 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Restaurant Industry Enters Into Agreements for Brand Expansion and Reports Financial Results - Research Report on Noodles, Tim
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