Restaurants Report Q3 Results, Announce Breakthroughs and Honors - Research Report on Chipotle, Darden, Starbucks, Buffalo Wild Wings, and Domino's Pizza
NEW YORK, October 22, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Chipotle Mexican Grill, Inc. (NYSE: CMG), Darden Restaurants, Inc. (NYSE: DRI), Starbucks Corporation (NASDAQ: SBUX), Buffalo Wild Wings (NASDAQ: BWLD), and Domino's Pizza, Inc. (NYSE: DPZ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Chipotle Mexican Grill, Inc. Research Report
On October 17, 2013, Chipotle Mexican Grill, Inc. (Chipotle) announced its Q3 2013 results posting an 18.0% YoY increase in revenues that stood up at $826.9 million. Chipotle's Q3 2013 comparable restaurant sales also increased 6.2% YoY while restaurant level operating margin was 26.8%, down by 60 basis points compared to Q3 2012. The Company reported net income of $83.4 million, up 15.3% YoY, while diluted EPS was up 17.2% YoY to $2.66. Commenting on the results, Founder, Chairman and co-CEO of Chipotle Steve Ells remarked, "Our unique food culture continues to resonate with our customers. We are proud of the investments we have made over the years to source sustainably raised ingredients, which allows us to serve delicious food. By sourcing the best possible ingredients and cooking them according to classic cooking techniques we continue to demonstrate that just because food is served fast, it doesn't have to be a typical fast food experience." According to the Company's estimates for full-year 2013, Chipotle expects 165-180 new restaurant openings, mid single-digit comparable restaurant sales and an effective full-year tax rate of 38.9% (39.3% for the remainder of 2013). The Full Research Report on Chipotle Mexican Grill, 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/b0e3_CMG]
--
Darden Restaurants, Inc. Research Report
On October 15, 2013, Darden Restaurants, Inc. (Darden) has been recognized by two leading Hispanic publications for the Company's diversity in its business practices and among its family of restaurants. Darden informed that HispanicBusiness Media named Darden one of its "2013 Best Companies for Diversity" while LATINA Style Magazine ranked Darden 28th in its "2013 LATINA Style 50 Report" list - its 7th consecutive appearance on this list. "At Darden, we know that embracing a diverse and inclusive culture gives us a competitive advantage and is critical to our long-term success," said Samir Gupte, Senior Vice President of Culture for Darden. "The importance of diversity of people, perspectives and ideas is fostered at every level of our organization as a core commitment engrained throughout all our business practices." 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.analystscorner.com/r/full_research_report/b1b5_DRI]
--
Starbucks Corporation Research Report
On October 9, 2013, Starbucks Corporation (Starbucks) announced the opening of its Evolution Fresh brand juicery in Rancho Cucamonga, California - a $70 million, 264,000 square foot, state-of-the-art juicery that will quadruple the production of cold-pressed, never-heated juice that features High Pressure Processing (HPP) machines. According to the Company, HPP delivers more flavors and nutrients of raw fruits and vegetable than traditional heat pasteurized juices at an accessible price and allows for a longer shelf life. "The opening of this juicery marks a significant milestone in Evolution Fresh's history and commitment to making high-quality, never-heated, nutritious juice available to consumers across the country," said Chris Bruzzo, General Manager, Evolution Fresh. "We believe cold pressed is the future of juice and we are leading the charge in changing the way people think about juice. Today marks a significant milestone in our mission to provide accessible nutrition and a new way for people to experience fruits and vegetables and natural foods in their everyday diet." The Full Research Report on Starbucks Corporation - 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/50aa_SBUX]
--
Buffalo Wild Wings Research Report
On October 7, 2013, Buffalo Wild Wings, Inc. (Buffalo Wild Wings) scheduled the webcast of its conference call that will be conducted to discuss its Q3 2013 results. The conference call will be held on Tuesday, October 29, 2013 at 4:00 p.m. CDT, while a simultaneous webcast of the call will be available at Buffalo Wild Wing's website under the Investor Relations section. The Full Research Report on Buffalo Wild Wings - 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/19d9_BWLD]
--
Domino's Pizza, Inc. Research Report
On October 15, 2013, Domino's Pizza Inc. (Domino's Pizza) announced its Q3 2013 results posting net income of $30.6 million, up 17.9% YoY. Diluted EPS was $0.53, compared to $0.44 in Q3 2012. J. Patrick Doyle, President and CEO of Domino's Pizza, said, "Domino's Pizza is connecting with customers everywhere through technology, quality, convenience and value. We continue to hold a leading presence in the restaurant category as a brand with solid momentum both in the U.S. and around the world, with dedicated franchisees who are focused on great pizzas, strong customer service and consistent operations." According to the Company, Domino's Pizza also repurchased and retired 351,085 shares of its common stock for $20.8 million during Q3 2013. The Company further informed that on October 9, 2013, the Company's Board of Directors declared a quarterly dividend of $0.20 per share to be paid on December 30, 2013 to shareholders of record as of December 13, 2013. The Full Research Report on Domino's Pizza - 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/dcdb_DPZ]
----
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 Ananya Ghosh, a CFA charterholder. 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 represented by Ananya Ghosh, CFA, has 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.
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
AnalystsCorner.com
SOURCE Analysts' Corner
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article