Restaurants Report Financial Results and Announce Expansion Plans - Research Report on Ruby Tuesday, Wendy's, Tim Hortons, Krispy Kreme, and Panera
NEW YORK, July 30, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts Corner announced new research reports highlighting Ruby Tuesday, Inc. (NYSE: RT), The Wendy's Company (NASDAQ: WEN), Tim Hortons Inc. (NYSE: THI), Krispy Kreme Doughnuts, Inc. (NYSE: KKD), and Panera Bread Co. (NASDAQ: PNRA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Ruby Tuesday, Inc. Research Report
On July 24, 2013, Ruby Tuesday, Inc. (Ruby Tuesday) released its Q4 FY 2013 and full-year FY 2013 financial results (period ended June 4, 2013). Revenues were down 11.7% YoY to $316.1 million in Q4 FY 2013 and down 4.6% YoY to $1.3 billion in full-year FY 2013. Net loss was $29.1 million in Q4 FY 2013, compared to $5.8 million in Q4 FY 2012, and net loss was $39.4 million in full-year FY 2013, compared to c.$0.2 million in full-year FY 2012. Diluted net loss was $0.49 per share in Q4 FY 2013, compared to diluted net loss of $0.09 per share in Q4 FY 2012, and diluted net loss of $0.65 per share in full-year FY 2013, versus nil in full-year FY 2012. The Full Research Report on Ruby Tuesday, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/d763_RT]
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The Wendy's Company Research Report
On July 23, 2013, The Wendy's Company (Wendy's) released its preliminary Q2 2013 financial results. Sales were up 0.9% YoY to $571.2 million. Franchise revenues were down 0.6% YoY to $79.3 million. Total revenues were up 0.7% YoY to $650.5 million. Net income attributable to the Company was $12.2 million, compared to a net loss of $5.5 million in Q2 2012. Diluted EPS was $0.03, compared to diluted net loss of $0.01 per share in Q2 2012. Also, Wendy's announced a system optimization initiative, as part of its brand transformation, designed to further enhance earnings quality, help optimize its restaurant portfolio and increase shareholder returns. Emil Brolick, President and CEO of Wendy's, said, "We expect to generate a higher operating margin and stronger free cash flow, along with further enhancing the quality of our earnings with a more predictable revenue stream from a higher percentage of royalty and rent income. We believe system optimization will also enable us to increase our long-term earnings per share growth rate and return incremental cash to shareholders in the form of dividends and share repurchases, beginning with a 25-percent increase in our third-quarter dividend." The Full Research Report on The Wendy's Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/27ac_WEN]
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Tim Hortons Inc. Research Report
On July 25, 2013, Tim Hortons Inc. (Tim Hortons) announced that it will release its Q2 2013 results before the market opens on Thursday, August 8, 2013. Tim Hortons reported that it will host a conference call to discuss the results on the same day at 2:30 p.m. EDT. The Company informed that the replay of the conference call will be available until August 15, 2013. The Full Research Report on Tim Hortons Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/1758_THI ]
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Krispy Kreme Doughnuts, Inc. Research Report
On July 23, 2013, Krispy Kreme Doughnuts, Inc. (Krispy Kreme) announced that it has reached an agreement in principle on the material terms of a development plan with existing franchisee Lotteria Co., LTD for 60 new Krispy Kreme franchise locations in South Korea over the next five years. Jeff Welch, Krispy Kreme President - International, commented, "It is fantastic when we can build on existing business relationships to continue the exciting growth we are experiencing in Asia and around the world. Lotteria knows the Krispy Kreme brand well, and their QSR expertise is unmatched in the market. We expect their success in South Korea will continue as they further expand the Krispy Kreme brand." Welch continued, "This new development agreement, when executed, would bring franchisees' commitments for new international shops to nearly 425." The Full Research Report on Krispy Kreme Doughnuts, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/bc04_KKD ]
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Panera Bread Co. Research Report
On July 23, 2013, Panera Bread Co. (Panera) released its Q2 FY 2013 financial results (period ended June 25, 2013). Revenue was up 11% YoY to $589 million. Net income was up 15.6% YoY to $51 million. Diluted EPS was up 16% YoY to $1.74. For Q3 FY 2013, Panera provided a diluted EPS outlook range of $1.32 to $1.36, which would represent an increase of 6% to 10% YoY. The Company reported that the diluted EPS target does not assume any additional share repurchases under the Company's repurchase authorization. For Q4 FY 2013, diluted EPS outlook range is $2.05 to $2.11, which would represent an increase of 17% to 21% YoY. Panera also reported that the Q4 FY 2013 diluted EPS includes approximately 700 basis points of favorable impact for the 53rd week in FY 2013, but does not assume any additional share repurchases under the Company's repurchase authorization. The Full Research Report on Panera Bread Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/6c27_PNRA ]
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