Expansions, Earnings & Growth Fuel Advancing Fast Casual Restaurants: GRILLiT, Starbucks, Yum! Brands, Wendy's, Chipotle
CORAL SPRINGS, Florida, November 4, 2013 /PRNewswire/ --
Market news updates for today's advancing fast casual restaurant companies with expansion and earnings news: GRILLiT, Inc. (OTC: GRLT), Starbucks Corporation (NASDAQ: SBUX), Yum! Brands, Inc. (NYSE: YUM), The Wendy's Company (NASDAQ: WEN) and Chipotle Mexican Grill (NYSE: CMG)
GRILLIT®, INC. (OTC: GRLT) Headline: NEW GRILLIT® INNOVATIVE FRANCHISE LOCATION GRAND OPENING. Grand Opening for Elizabethtown, Kentucky Slated for November 11. GRILLiT, Inc. (the "Company") today announced the launch of its newest franchise location in Elizabethtown, Kentucky, featuring the company's first drive-through and stand alone building concept. The grand opening event is scheduled for November 11, 2013.
This is an innovative concept and an achievement for a franchise restaurant chain and early in its development. We are very proud to be able to roll out our model for free standing facility incorporating our drive-through window operation," he stated.
To read the entire press release, please go to http://finance.yahoo.com/q/h?s=GRLT+Headlines
Starbucks (NASDAQ: SBUX), the worldwide coffee retailer, reported fourth-quarter results for fiscal 2013 on Oct. 30. The company beat on the bottom line, but narrowly missed on the top line and gave guidance below analyst expectations. Starbucks' earnings per share grew 37% and revenue rose 12.8% year over year, while its operating margin expanded 220 basis points to 17.6%. Global same-store sales grew a strong 7% in the quarter, including 8% in the Americas, due to a 5% increase in customer traffic. The increased free cash flow allowed Starbucks to raise its quarterly dividend by 24% to $0.26, resulting in an annual yield of roughly 1.28% at current levels.
Yum! Brands, Inc. (NYSE: YUM) recently announced that it has commenced cash tender offers to purchase up to $525 million combined aggregate principal amount of five series of its outstanding debt securities. The tender offers are consistent with Yum! Brands' on-going debt management strategy and aim to take advantage of historically low interest rates to issue senior notes at lower rates and use proceeds to buy back existing debt, reducing annual interest expense and extending the average maturity of its long-term debt. The terms and conditions of the tender offers are set forth in an Offer to Purchase dated today and a related Letter of Transmittal. Read the entire press release at http://finance.yahoo.com/news/yum-brands-announces-cash-tender-141200373.html
The Wendy's Company (NASDAQ: WEN) announced the declaration of its regular quarterly cash dividend of $0.05 per share, payable on Dec. 16, 2013 to shareholders of record as of Dec. 2, 2013. The number of shares of common stock outstanding at the end of the third quarter was approximately 391.6 million.
Chipotle Mexican Grill (NYSE: CMG) business model supports a long-term outlook for sustained unit growth as CMG generates positive returns in the restaurant industry. Analysts believe the company has premium store volumes, generating an average of $2.1 million in sales per unit, which results in a 27% store margin. Investment costs are modest relative to revenue -- less than $1 million on a cash basis.
In other important market news, just a few weeks after the launch of iOS 7, Apple Inc's (NASDAQ: AAPL), Vice President of Engineering for iOS Henri Lamiraux has retired and left the company, 9to5 Mac reports. Lamiraux, who joined Apple in 1990, worked closely with one-time iOS lead Scott Forstall on the original iPhone, and has his name on a number of important patents including visual voicemail. More recently, he worked under Craig Federighi, who's in charge of software more broadly at Apple. Lamiraux planned to retire after Apple shipped iOS 7, its biggest mobile revamp ever, 9to5 Mac reports.
FinancialNewsMedia.com is leading provider of third party publishing & news dissemination services. If you would like more information regarding our news coverage solutions, please visit http://www.financialnewsmedia.com for more details. Get an edge on the market with our Premium News Alerts that are FREE for a limited time at http://www.financialnewsmedia.com/. Follow us on Facebook: http://www.facebook.com/financialnewsmedia and Twitter: http://twitter.com/FNMgroup. Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PRESS to 545454. (SMS alerts are free, however data rates may apply, check your wireless plan for details.)
DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FNMG was compensated one thousand five hundred dollars for the dissemination of the news released by GRILLiT, Inc by GRLT.
FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
SOURCE FN Media Group LLC