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2008-08-14 Restaurant Industry News Highlights

Trends

Rising Costs Hold Back Profits - Canadian Industrial Outlook - Canada's Food Services Industry - Summer 2008
Increases in both prices and real sales have allowed Canadian food services industry revenues to experience a healthy gain since last summer. However, profit margins have not recovered with the improved sales performance, as the industry continues to face considerable cost pressures in terms of rising wages and food costs. ...more

Analysis Suggests Menu Labeling Could Help Average California Adult Avoid Over 2 Pounds of Weight Gain a Year
Look up at a fast-food menu board and shed a pound? It may sound too good to be true, but according to a paper released today by the University of California's Center for Weight and Health, new research shows that California adults could avoid gaining 2.7 pounds a year if calories were posted on fast-food menu boards statewide. ...more

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Technology

Scandic Implements OPERA Enterprise Solution and Hosts in MICROS's Frankfurt Datacenter
MICROS Systems, Inc. (NASDAQ:MCRS) , a leading provider of information technology solutions for the hospitality industry, is pleased to announce that the European hotel chain Scandic has selected the MICROS OPERA Enterprise Solution as its next generation central system solution. ...more

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Development

Papa Bello Announces Area Opportunities in Illinois
Papa Bello Enterprises (Pink Sheets: PAPA) announced today that the company has been approved for selling franchises in the state of Illinois. The state currently has 9 stores available for construction within Wal-Mart as well as many stand-alone, in-line, and non-traditional locations. ...more

Nationally Acclaimed Restaurant Group to Launch Concepts in Chicago's theWit Hotel
Concentrics Restaurants to Oversee Concept Design and Management for Dining Options in New Hotel ...more

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Financial

Rick's Cabaret International, Inc. Reports Third Quarter Results and Provides New Guidance for Investors
Rick's Cabaret International, Inc., the premier operator of upscale gentlemen's clubs, today reported record revenues for its third quarter ended June 30, 2008 of $16.28 million with net income of $1.83 million, compared with $8.45 million and $1.03 million, respectively, for the same period last year. Earnings per diluted share for the quarter were 21 cents, compared with 16 cents in 2007. ...more

Red Robin Gourmet Burgers Reports Earnings for the Fiscal Second Quarter 2008
Updates Earnings Guidance for Fiscal Year 2008 and Announces Additional $50 Million Stock Repurchase Authorization ...more

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Openings

Luby's Opens New Restaurant in Houston, Texas
This is the fourth new Luby's restaurant opening in the past twelve months. ...more

Burger King Corp. Opens Its 1,000th Restaurant in the Latin America & Caribbean Region
Important Milestone Attained with the Millennial Restaurant Opening Taking Place in Rio De Janeiro, Brazil ...more

HMSHost and Sammy Hagar Open Sammy's Beach Bar & Grill at Maui's Kahului Airport
The Hagar Family Foundation Will Donate to Local Hawaiian Charities ...more

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Other

1st CHART Restaurant and Hotel Training Professionals' Silent Auction Raises over $14,000 for Share Our Strength (SOS)
The first silent auction by the Council of Hotel and Restaurant Trainers (CHART, www.chart.org) raised more than $14,000 for Share Our Strength (SOS, www.strength.org), the nation's leading organization working to end childhood hunger in America. ...more

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 Departments

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

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