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2008-11-11 Restaurant Industry News Highlights

Trends

Fast Food Industry Sees Shorter Lines Due to Current Economy
A study conducted by M/A/R/C(R) Research found 48% of fast food consumers have reduced their visits to quick service restaurants (QSR) over the past three months. ...more

NBTA Predicts Cost Cutting Measures to Continue Into 2009 As a Result of Economic Slowdown
Rising Costs and Sluggish Travel Industry Growth to Significantly Impact Business Travel ...more

Election Results Draw Pockets of Optimism for Bars and Restaurants
By a margin of two to one in a survey taken just before the 2008 election, bartenders within the nation's restaurants, nightclubs, hotels and bars were more optimistic that the election of Barack Obama would be good for their business. Overall, 31 percent of bartenders thought Obama's election would be good for business versus only 14 percent for John McCain. ...more

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Financial

Sbarro, Inc. Announces Results of Operations for the Quarter and Nine Months Ended September 28, 2008
Revenues were $91.9 million for the quarter ended September 28, 2008 as compared to revenues of $91.0 million for the quarter ended September 30, 2007. ...more

Noble Roman's, Inc. Announces 3rd Quarter Earnings
For the quarter ended September 30, 2008, the company reported net income of $304,809, or $.02 per share, on 19.2 million weighted average shares outstanding. This compares to net income of $693,655, or $.04 per share, on 18.2 million weighted average shares outstanding for the quarter ended September 30, 2007. ...more

The Steak N Shake Company Reports Full Year and Fiscal Fourth Quarter 2008 Results
In fiscal 2008, total revenues decreased 6.7% to $610.1 million as compared to $654.1 million in fiscal 2007. ...more

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Openings

Renowned Chef Opens Sumptuous Steakhouse at The Phoenician
Jean-Georges Vongerichten's J&G Steakhouse is scene-stealing penthouse space featuring vibrant, posh decor and sweeping city vistas ...more

California Pizza Kitchen Opens in McCarran International Airport in Las Vegas, Nevada
The new CPK restaurant, opened by franchise partner HMSHost Corporation, a world leader in travel dining and shopping, is located in the newly expanded Concourse D, which hosts sixteen different air carriers including Jet Blue, United and American Airlines. ...more

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Other

Denny's Franchisee Association Hosts Largest Convention In Group's History
The 2008 Denny's Franchisee Association (DFA) convention was the largest in association history, hosting more than 1,000 attendees in Las Vegas on Nov. 2-5. ...more

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 Departments

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 .  Financial : 3 new
 .  Openings : 2 new
 .  Other : 1 new
 .  Trends : 3 new

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