RESTAURANTS TODAY

DPZ EARNINGS - DPZ is scheduled to report Q3 earnings before the market opens.  The consensus same-store sales estimates are Domestic company-owned (0.9%), Domestic franchise +1.2% and International +5.0%.  The Q3 consensus EPS estimate is $0.15 on $308.9 million in revenues.

 

MORE COMPETITION - While supermarkets have long been viewed as serious competition for restaurateurs, upscale grocery chain Wegmans Food Markets Inc. is pitting itself directly against foodservice operators with the debut of the brand’s first in-store, full-service restaurant.  Called The Pub, the restaurant is located in the chain’s newest outlet, the 132,000-square-foot Wegmans in the Providence Town Center shopping mall in Collegeville, Pa.  The restaurant is housed in the store’s Market Café area, which offers shoppers a wide range of prepared foods for takeout or eat-in, such as burritos, panini sandwiches, sushi, pizza and a buffet of Asian-inspired dishes.  The Café area, which includes The Pub, has combined indoor and outdoor seating for 300 customers.

 

TIME TO MOVE ON - Monday night's "Larry King Live," show was spent debating the following question: Should meat, and most specifically hamburgers, be a part of the American diet?  The show is unwatchable!

 

SCORNED WOMAN - Carly Simon has filed a lawsuit against Starbucks for withdrawing involvement in the company's music label, Hear Music, just five days before the singer's album was due to be released.  She is suing for deceit, tortuous interference and unfair business practices.

 

THE BATTLE OVER PREMIUM BURGERS – DENN has introduced a hand-pressed burger aimed at fast-food diners.  The “Better Burgers” come in five varieties, including a Western burger that contains similar ingredients as those found in Carl’s Jr.’s famous Western Bacon Cheeseburger.  The price point is very competitive to the fast feeders.  DENN is offering a burger combo meal for $6.99. 

 

RESTAURANTS TODAY - qsr

RESTAURANTS TODAY - fsr

 

 

 


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