Strategic Synergies, Cost Efficiencies, and New Store Openings Boost Earnings Growth - Research Report on Starbucks, Buffalo Wild Wings, DineEquity, Harris Teeter, and BJ's Restaurants
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, August 2, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Starbucks Corporation (NASDAQ: SBUX), Buffalo Wild Wings (NASDAQ: BWLD), DineEquity Inc. (NYSE: DIN), Harris Teeter Supermarkets Inc. (NYSE: HTSI), 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.
Starbucks Corporation Research Report
On July 25, 2013, Starbucks Corporation (Starbucks) reported its financial results for Q3 FY 2013 (period ended June 30, 2013). Total revenues increased 13.3% YoY to approximately $3.7 billion. Net earnings attributable to Starbucks were $417.8 million or $0.55 per diluted share in Q3 FY 2013 compared to $331.1 million or $0.43 per diluted share in Q3 FY 2012. Troy Alstead, CFO of Starbucks, said, "Our powerful Q3 results reflect the outstanding success of our growth platforms both in the U.S. and globally, with all regions delivering an acceleration in comparable store sales and operating margin versus Q2. Our ability to grow income at a pace that exceeds revenue growth clearly demonstrates the strategic synergies we generate across our global footprint, which combined with the diversity of our portfolio, enables consistent delivery of excellent results." Starbucks expects full-year FY 2013 and FY 2014 EPS to be in the range of $2.22 to $2.23 and $2.55 to $2.65, respectively. In FY 2014 the Company also aims to open 1,400 net new stores and expects revenue to grow between 10% and 13% YoY. 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 July 30, 2013, Buffalo Wild Wings Inc. (Buffalo Wild Wings) reported its Q2 2013 financial results. Total revenue increased 27.8% YoY to $305 million. Same-store sales increased 3.8% YoY at company-owned restaurants and 4.1% YoY at franchised restaurants. Net earnings were $16.5 million or $0.88 per diluted share compared to net earnings of approximately $11.7 million or $0.62 per diluted share in Q2 2012. Sally Smith, President and CEO of Buffalo Wild Wings said, "We are pleased that same-store sales at both company-owned and franchised restaurants continue to outpace the casual dining category." She added, "We managed our controllable expenses and saw the cost per pound of traditional wings decline compared to last year, which benefited cost of sales." 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]
--
DineEquity Inc. Research Report
On July 30, 2013, DineEquity Inc. (DineEquity) reported its Q2 2013 financial results. Total revenues declined 31.1% YoY to $158.1 million. Net income available to common stockholders was $16.6 million or $0.87 per diluted share in Q2 2013 compared to $15.9 million or $0.88 per diluted share in Q2 2012. Julia A. Stewart, DineEquity's Chairman and Chief Executive Officer, said, "Same-restaurant sales were positive for both brands. In particular, same-restaurant sales at IHOP rose 1.9%, with an increase in guest traffic. Applebee's performance was also strong in an uneven consumer environment, generating same-restaurant sales growth of 1.3%." She added, "We are actively managing our Shared Services model, driving cost efficiencies and innovation for both brands. We continued to execute on our balanced approach to return significant free cash flow to our stockholders, paying a second quarter dividend of $0.75 per share, resulting in a very competitive yield." The Full Research Report on DineEquity 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/c06a_DIN]
--
Harris Teeter Supermarkets Inc. Research Report
On July 30, 2013, Harris Teeter Supermarkets Inc. (Harris Teeter) announced that it has reached an agreement with Tresata to provide the Company with next generation predictive analytics software. According to the Company, the software will improve the way Harris Teeter serves its customers through improved functionality of its mobile app (htmobile), its e-VIC program, as well as the newly launched Facebook application by enhancing the user experience. The Company stated that it will use Tresata's big analytics platform to dynamically understand its product, customer, and channel behaviors in an effort to provide its customers better value across its online, mobile, social and brick mortar channels. Danna Jones, Communication Specialist for Harris Teeter, said, "Access to insights from this type of dynamic intelligence software will enable us to better understand our shoppers' buying habits as well as present us with the opportunity to improve our level of service by giving our customers exactly what they want when they want it." The Full Research Report on Harris Teeter Supermarkets 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/48d5_HTSI]
--
BJ's Restaurants, Inc. Research Report
On July 30, 2013, BJ's Restaurants, Inc. (BJ's Restaurants) announced the opening of a new restaurant in Orange County, California that took place on July 29, 2013. The Company stated that the new BJ's Restaurant & Brewhouse is located on a free standing pad at the 800,000 square foot Outlets of Orange premier shopping center in Orange County, California. Greg Trojan, President and CEO of BJ's Restaurants said, "This is our 7th new restaurant this year. We currently remain on track to open as many as 17 new restaurants during 2013, with 10 additional restaurants currently under construction." 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.analystscorner.com/r/full_research_report/43fb_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.
AnalystsCorner.com
SOURCE Analysts' Corner
Share this article