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Matt Berry
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Follow me on Twitter: https://twitter.com/MattBerry01 I'll be publishing on my blog from now on. I usually send my reports through a newsletter first. Join the mailing list at http://www.3footcrowbar.com/ Interests: -- reading up on bounded rationality, behaviorism, and philosophy -- writing... More
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3 Foot Crowbar
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The Mechanics of Virtue: A cynic's guide to righteous behavior
  • JAX 10-q released, outlook 0 comments
    Nov 17, 2010 5:29 PM | about stocks: ARKR, BH, BJ, BNHNA, BWLD, CBRL, CHUX, DAVE, DENN, DIN, DRI, EAT, FRS, JAX, KONA, MCD, RRGB, RT, TXRH
    from 10-q, http://biz.yahoo.com/e/101117/jax10-q.ht...
    Outlook

    "Based on sales trends for the fourth quarter to date and its general outlook, management expects that the Company will achieve solid sales increases and improvements in operating results in the fourth quarter of 2010 compared to the fourth quarter of 2009. Although beef costs are expected to increase in the fourth quarter of 2010 compared to the corresponding period of 2009 and the third quarter of 2010, management implemented some modest menu price increases during the third quarter of 2010 which are expected to offset a portion of these increases. Management is considering additional menu price increases in selected markets during the fourth quarter as well. The Company also believes it will be able to continue to improve the performance of certain of its newer restaurants in 2010 compared to 2009, but is not certain when these restaurants will reach profitability. Based on lower interest rate trends during 2010 the Company expects to record in the fourth quarter of 2010 a non-cash charge to general and administrative expenses and an increase in the deferred compensation obligation related to vested retirement benefits payable under the Company's executive salary continuation agreements. A similar charge was included in the fourth quarter of 2009."
    Stocks: ARKR, BH, BJ, BNHNA, BWLD, CBRL, CHUX, DAVE, DENN, DIN, DRI, EAT, FRS, JAX, KONA, MCD, RRGB, RT, TXRH
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