Restaurant Innovators on The Move - GRILLiT, Buffalo Wild Wings, Chuys, Noodles & Company, Chipotle
CORAL SPRINGS, Florida, August 13, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues news updates for today's innovative restaurant companies with potential high growth trends in the markets: GRILLiT, Inc. (OTC: GRLT), Buffalo Wild Wings, Inc. (NASDAQ: BWLD), Chuys Holdings, Inc. (NASDAQ: CHUY), Noodles & Company (NASDAQ: NDLS) and Chipotle Mexican Grill Inc. (NYSE: CMG).
GRILLIT®, INC. (OTC: GRLT) Headline: GRILLIT® ANNOUNCES THIRD FRANCHISEE IN AS MANY WEEKS. GRILLiT, Inc. (the "Company") today announced that it has executed a franchise agreement under its master franchise agreement in Kentucky. GRILLiT Chairman and CEO, Ghazi Hajj, said, "We are excited about the continuation of our franchise rollout program. The State of Kentucky represents a great opportunity for GRILLiT. Our latest franchisee is committed to our vision and plans to aggressively execute our expansion objectives. In the coming weeks, our second Kentucky location and its opening date will be announced."
Interested potential master franchisees and franchise owner/operators should visit the Company at http://www.grillitinc.com and click the "Franchise Opportunities" link."
To read the entire press release, please go to http://finance.yahoo.com/q/h?s=GRLT+Headlines
This GRLT news follows last week's news release announcing that its second franchised store will be located in Elizabethtown, Kentucky. The Company expects the store to be open for business by the end of September. GRILLiT Chairman and CEO, Ghazi Hajj, said, "We are excited about our newest franchisee in Elizabethtown. This will be our first GRILLiT location that is a stand-alone structure with a drive through window." The new location is currently under construction, and the Company has posted pictures of the site on its website. The Company's franchise plan calls for at least 58 franchised locations across eight states over the next five years. GRILLiT currently has master franchise agreements in Kentucky, Ohio, New Hampshire, New Jersey, Georgia, Pennsylvania, Tennessee, and North Carolina, and is actively seeking franchise operators.
FNM Sector Commentary: For the last three years, the U.S. restaurant industry has slowed due to the recession. However, the National Restaurant Association's Restaurant Performance Index, or RPI, has been indicating two years of steady growth in the restaurant industry since the recovery started. In 2013, the RPI has been at or above 100 (indicating expansion) in every month except February, continuing the trend of positive momentum after a slip last fall. While it's been a bit of a roller-coaster, the trend is for continued, moderate growth, especially among chain and quick service restaurants. And with the market at or near all-time highs, finding great companies at good prices can be difficult. Investing in an industry with sustained growth can net strong returns for patient investors.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) engages in the ownership, operation, and franchise of restaurants primarily in the United States. It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. As of July 30, 2013, the company owned and operated, and franchised approximately 930 Buffalo Wild Wings Grill & Bar restaurants in the United States and Canada. Buffalo Wild Wings and Boys & Girls Clubs of America (BGCA) are teaming up in a big way to make an impact on local communities across the United States. From Aug. 5 through Sept. 1, 2013, Buffalo Wild Wings will donate 100 percent of every pinup Guests purchase to Boys & Girls Clubs of America as part of Buffalo Wild Wings' Team Up for Kids(TM) initiative. The paper pinups can be purchased for $1 minimum donation and will be posted in restaurants.
Chuys Holdings, Inc. (NASDAQ: CHUY), through its subsidiary, Chuys Opco, Inc., owns and operates restaurants under the Chuys name in Texas, and seven states in the Southeastern and Midwestern United States. The company's restaurants provide Mexican and Tex Mex inspired food. As of August 6, 2013, it owned and operated 45 full-service restaurants in 12 states. Last week CHUY announced financial results for the second quarter ended June 30, 2013. Highlights for the second quarter ended June 30, 2013 compared to the second quarter ended June 24, 2012 were as follows: -- Revenue increased 22.7% to $53.4 million from $43.5 million. -- On a calendar basis, comparable restaurant sales increased 2.1% for the thirteen-week period ended June 30, 2013 compared to the thirteen-week period ended July 1, 2012. On a fiscal quarter basis, which includes a one-week calendar shift in the comparison due to the 53rd week in fiscal 2012, sales for the same restaurants increased 2.4%. Get the full details at http://finance.yahoo.com/news/chuy-holdings-inc-announces-second-200000179.html
Noodles & Company (NASDAQ: NDLS) develops and operates fast casual restaurants. The company's restaurants provide noodle and pasta dishes, soups, salads, and sandwiches. As of May 28, 2013, it had 343 restaurants, including 291 company-owned and 52 franchised locations in 26 states and the District of Columbia. NDLS last week announced financial results for the second quarter ended July 2, 2013. Key highlights for the second quarter of 2013 compared to the second quarter of 2012 include: -- Total revenue increased 18.2% to $89.2 million from $75.5 million. -- Comparable restaurant sales increased 4.7% for company-owned restaurants, 2.3% for franchise restaurants and 4.4% system-wide. -- Restaurant contribution margin increased 40 basis points to 21.3%. -- Adjusted net income(1) increased 35.6% to $4.0 million or $0.13 per diluted share, from $2.9 million.-- 13 new restaurants opened system-wide, including 11 company-owned and two franchised restaurants. Read the entire report at http://finance.yahoo.com/news/noodles-company-announces-second-quarter-200100504.html
Chipotle Mexican Grill Inc. (NYSE: CMG) News - After years of touting naturally raised meat, Chipotle Mexican Grill Inc. is changing its standards to allow beef treated with antibiotics into its restaurants amid a supply shortage. The burrito seller will use meat from cattle treated with antibiotics because of an illness, which previously wasn't permitted to be sold in its restaurants, Chris Arnold, a spokesman for Denver-based Chipotle, said in an e-mail. The company still won't use beef from animals that had been given antibiotics to prevent disease and promote weight gain, he said.
Darden Restaurants, Inc. (NYSE: DRI) owns and operates full service restaurants in the United States and Canada. It operates restaurants under the Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille, Bahama Breeze, Seasons 52, Eddie V's Prime Seafood, and Wildfish Seafood Grille brand names. As of July 10, 2013, it owned and operated approximately 2,100 restaurants. DRI recently announced Olive Garden's most anticipated promotion of the year - Never Ending Pasta Bowl - is back, offering guests an affordable and unlimited pasta meal, any way they like it.
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