To Have....
EAT - Brinker International
On a consolidated basis, Brinker's brands gained momentum in the first calendar quarter of 2008. Importantly, the core Chili's concept (excluding the impact of California, Nevada, Florida, and Arizona) comparable restaurant sales improved to 3.5%. For the last three quarters, Chili's has outpaced Knapp Track, the industry benchmark, widening the gap in the most recent quarter.
And Have not...
SNS - Steak 'n Shake
For the first calendar quarter of the 2008, SNS same-store sales declined 6.3%. Importantly, this consists of a decline in traffic of 8.8%, partially offset by 2.5% increase in average check. The increase in the average check was due primarily to a 4.0% menu price increase that was offset by higher redemption of coupons. The good news is that this is an improvement from a 9.5% decline in last quarter. The bad news is the conference call was a disaster and the company appears in disarray.
RT - Ruby Tuesday
Ruby's fiscal third quarter ended March 4, 2008 and the company reported company-operated same-store restaurant sales decreased 12.7%, while same-restaurant sales at domestic franchise Ruby Tuesday restaurants decreased 12.0%, versus a decrease of 1.0% and an increase of 1.8%, respectively last year.
CHUX - O'Charley's
For the first fiscal quarter of 2008, O'Charley's same-store sales decreased by 4.7%, driven by an 8% decline in traffic and a 3.6% increase in average check. Average check for company-operated restaurants in the first quarter was $12.97, including dinner.
Ninety Nine reported same-store sales decreased 2.2%, which was the result of a 3.8% increase in average check offset by a 5.8% decrease in guest counts. Average check for Ninety Nine in the first quarter was $15, including dinner.
For Stoney River, same store sales declined 3.2% in the quarter as an 8.3% increase in average check was offset by a 10.7% decline in guest counts. Average check in the quarter was $47.59.
EAT - Brinker International
On a consolidated basis, Brinker's brands gained momentum in the first calendar quarter of 2008. Importantly, the core Chili's concept (excluding the impact of California, Nevada, Florida, and Arizona) comparable restaurant sales improved to 3.5%. For the last three quarters, Chili's has outpaced Knapp Track, the industry benchmark, widening the gap in the most recent quarter.
And Have not...
SNS - Steak 'n Shake
For the first calendar quarter of the 2008, SNS same-store sales declined 6.3%. Importantly, this consists of a decline in traffic of 8.8%, partially offset by 2.5% increase in average check. The increase in the average check was due primarily to a 4.0% menu price increase that was offset by higher redemption of coupons. The good news is that this is an improvement from a 9.5% decline in last quarter. The bad news is the conference call was a disaster and the company appears in disarray.
RT - Ruby Tuesday
Ruby's fiscal third quarter ended March 4, 2008 and the company reported company-operated same-store restaurant sales decreased 12.7%, while same-restaurant sales at domestic franchise Ruby Tuesday restaurants decreased 12.0%, versus a decrease of 1.0% and an increase of 1.8%, respectively last year.
CHUX - O'Charley's
For the first fiscal quarter of 2008, O'Charley's same-store sales decreased by 4.7%, driven by an 8% decline in traffic and a 3.6% increase in average check. Average check for company-operated restaurants in the first quarter was $12.97, including dinner.
Ninety Nine reported same-store sales decreased 2.2%, which was the result of a 3.8% increase in average check offset by a 5.8% decrease in guest counts. Average check for Ninety Nine in the first quarter was $15, including dinner.
For Stoney River, same store sales declined 3.2% in the quarter as an 8.3% increase in average check was offset by a 10.7% decline in guest counts. Average check in the quarter was $47.59.
