Opening of New Restaurants, Acquisitions, and New Franchisees Boost Sales Growth - Research Report on Darden Restaurants, Chuy's, Texas Roadhouse, Papa John's, and BJ's
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 3, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Darden Restaurants, Inc. (NYSE: DRI), Chuy's Holdings, Inc. (NASDAQ: CHUY), Texas Roadhouse Inc. (NASDAQ: TXRH), Papa John's International Inc. (NASDAQ: PZZA), and BJ's Restaurants, Inc. (NASDAQ: BJRI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Darden Restaurants, Inc. Research Report
On June 21, 2013, Darden Restaurants Inc. (Darden Restaurants) announced its financial results for Q4 FY 2013 and full-year FY 2013 (period ended May 26, 2013). For Q4 FY 2013, total sales from continuing operations increased 11.3% YoY to $2.3 billion. Net earnings from continuing operations were $133.3 million or $1.01 per diluted share, compared to net earnings of $151.6 million or $1.15 per diluted share in Q4 FY 2012. For full-year FY 2013, total sales from continuing operations increased 6.9% YoY to $8.6 billion. Net earnings from continuing operations were $412.6 million or $3.14 per diluted share, down compared to $476.5 or $3.58 in FY 2012. Darden Restaurants stated that costs and purchase accounting adjustments associated with the Yard House acquisition reduced diluted EPS from continuing operations by $0.09 and net earnings by $12.3 million. Commenting on the future, Brad Richmond, Darden's Chief Financial Officer said, "Overall, we expect total sales growth for fiscal 2014 to be between 6% and 8% including an additional quarter of sales this year from Yard House and between 5% and 7% excluding those sales." The Full Research Report on Darden Restaurants, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/b7b9_DRI]
--
Chuy's Holdings, Inc. Research Report
On June 28, 2013, Chuy's Holdings, Inc. (Chuy's) announced the opening of its newest location in Charlotte, North Carolina, at 4310 Sharon Road in The Village at SouthPark, home to SouthPark Mall, the largest shopping mall in North Carolina. Chuy's stated that SouthPark, apart from being one of the largest business districts of North Carolina with an estimated 40,000 employees, is also a residential area. Chuy's also mentioned that its new location's décor encompasses the restaurant's signature eclectic atmosphere and will include a "school" of hand-carved wooden fish, antique hubcaps hanging from the ceiling, and a Chihuahua Bar featuring framed pictures of local dogs. The Full Research Report on Chuy's Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/6cdf_CHUY]
--
Texas Roadhouse Inc. Research Report
On June 28, 2013, Texas Roadhouse Inc. (Texas Roadhouse) announced that Kathy Widmer has accepted a position on the Company's Board of Directors. According to Texas Roadhouse, Ms. Widmer currently serves as the Executive Vice President and Chief Marketing Officer of Elizabeth Arden, Inc., where she is responsible for the global growth strategy and marketing execution of the Elizabeth Arden Brand as well as its extensive portfolio of fragrances. She has also spent 21 years with Johnson & Johnson, holding numerous marketing management positions within the consumer group of companies, including Vice President of Marketing for over-the-counter drugs. With this addition, the Company informed that its Board will increase from six to seven members. The Full Research Report on Texas Roadhouse Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2b7a_TXRH]
--
Papa John's International Inc. Research Report
On June 20, 2013, Papa John's International Inc. (Papa John's) introduced Jerome "The Bus" Bettis as the brand's newest franchisee. According to the Company, Bettis now owns three restaurants in Pittsburgh, which he purchased through a partnership with Bajco Group. Bajco Group currently owns 12 restaurants in the Pittsburgh area, and the partnership plans to open additional restaurants in the same area over the next couple of years. John Schnatter, Papa John's Founder, Chairman and Chief Executive Officer, said, "Papa John's is the recognized leader in quality, which extends from our superior pizza to our leading-quality franchisees. Having Jerome as a franchisee is huge for the Papa John's brand and for our customers in Pittsburgh. After getting to know him over the years I have no doubt that he will be able to replicate his success on the field at the restaurants." The Full Research Report on Papa John's International Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/4ee1_PZZA]
--
BJ's Restaurants, Inc. Research Report
On June 25, 2013, BJ's Restaurants, Inc. (BJ's) announced that it has opened a larger-format "brewhouse" restaurant in Eugene, Oregon, on June 24, 2013, at the Valley River Center. According to the Company, the new BJ's Restaurant and Brewhouse is approximately 8,500 square feet, contains seating for approximately 270 guests, and features BJ's extensive menu that includes its signature deep-dish pizza, handcrafted beer, and Pizookie dessert. The new brewhouse restaurant replaces an older, smaller-format BJ's Pizza and Grill location that opened in 1997. Greg Trojan, President and Chief Executive Officer of BJ's, said, "The new Valley River BJ's is our third restaurant in Oregon joining our successful larger format 'Brewhouse' restaurant in Hillsboro and our small-format BJ's Pizza & Grill restaurant in Jantzen Beach. To date, we have opened five new restaurants and we remain on track to open 12 additional restaurants before the end of fiscal 2013." The Full Research Report on BJ's Restaurants, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/46f9_BJRI]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
- For any urgent concerns or inquiries, please contact us at [email protected].
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Wall Street Reports
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article