Food & Beverage - Food Cost and Break Even Point - By Joe Dunbar
In speaking with many local operators (completely unscientific sample), the consensus estimate is a 12% drop in revenue (year over year). This is tough to swallow with the current trends in food cost percentages. Since the cost of many commodities have risen, the impact of the revenue decline has hurt more than usual. We haven't seen the typical drop in ingredient costs which occur in many recessions. ...more

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New Survey Reveals Staycations Planned by Fewer than One in Ten Travelers
A new survey of 2,231 U.S. adults reveals only 9 percent are planning a 'staycation,' or home-based vacation, as an alternative to a vacation they otherwise would have taken out of town during the next six months. This represents a significantly lower percentage than expected by industry analysts. ...more

Technomic Finds More Evidence of Consumers Cutting Back on Dinners Out
More than one-third of consumers (35 percent) said they are eating or buying dinners out less frequently than one year ago, reports foodservice consultants Technomic. Money issues dominated the reasons for decreased patronage, 77 percent of those cutting back are doing so to save money, while 59 percent said they have less money to spend and 46 percent cited the price of restaurant meals. ...more

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MICROS Systems, Inc. Acquires Fry, Inc.
MICROS Systems, Inc. (NASDAQ:MCRS) , a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce the acquisition of Fry, Inc., an e-commerce design, development, and managed services provider. Fry is headquartered in Ann Arbor, Michigan, with offices in Chicago, New York, and San Francisco. ...more

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Brazil Fast Food Acquires Pizza Hut's Largest Franchise in Brazil
Brazil Fast Food Corp. (OTC Bulletin Board: BOBS.OB) ('Brazil Fast Food') the second largest fast-food restaurant chain with 630 points of sale, operating under the Bob's and KFC brands in Brazil, announced today that it has acquired 60% of Internacional Restaurantes do Brasil ('IRB'), Pizza Hut's largest franchise in Brazil. ...more

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Shells Seafood Restaurants, Inc. Second Quarter 2008 Revenues decreased 22.0%
Shells Seafood Restaurants, Inc. Reports Second Quarter 2008 Results ...more

The Steak n Shake Company Reports Fiscal 2008 Third Quarter Results
Total revenues for the fiscal 2008 third quarter decreased 6.1% to $144.3 million compared to $153.6 million in the comparable period last year. ...more

Mexican Restaurants, Inc. Announces 2008 Second Quarter Operating Results (NASDAQ: CASA)
For the Company's 2008 second quarter ended June 29, 2008, the Company reported net income of $359,059 or $0.11 per diluted share, compared with net income of $129,882 or $0.04 per diluted share for the second quarter of fiscal year 2007. ...more

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California Pizza Kitchen Opens in Albuquerque, New Mexico and Baton Rouge, Louisiana
California Pizza Kitchen, Inc. (CPK) (NASDAQ:CPKI), home to the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, creative salads, appetizers, soups, sandwiches and desserts, opened new full-service restaurants in Albuquerque, New Mexico and Baton Rouge, Louisiana, today. ...more

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Burger King Corp. Makes Strides with Innovative, Easy-to-Eat New Product That Gives Kids an Appetite for Apples
More Than Three Million BK(TM) Fresh Apple Fries Sold Nationwide at BURGER KING(R) Restaurants in Five Weeks ...more

Pizza Fusion Becomes World's First Restaurant Chain to Adopt Organic Restaurant Certification
Upon Receiving Organically Certified Food Handler Status from Quality Assurance International at Their Fort Lauderdale Location, Pizza Fusion Mandates Organic Restaurant Certification at All Locations ...more

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