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
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:
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
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:
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
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:
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