Luis Gomez • 25 Comments
Joe Springer • 28 Comments
Mark Krieger • 35 Comments
Mar. 23, 2015, 9:03 AM
- Luby's (NYSE:LUB) reports same-store sales rose 2.5% in FQ2.
- Total restaurant sales increased 3.1% to $85.49M led by Combo locations sales of $4.94M (+225.1%).
- Culinary contract service revenue fell 5.23% to $3.77M.
- Franchisee revenue grew 3.88% to $1.61M.
- Store level profit margin declined 20 bps to 11.1%.
- FY2015 Guidance: Capex: $20M to $22M.
Feb. 24, 2015, 10:53 AM
- Restaurant stocks are out-performing market averages again as more chains report improved comparable-restaurant sales growth.
- The read on Q1 is that pricing and traffic trends are strong, despite what some broad measures of overall consumer confidence show.
- The $2 gas benefit is believed by analysts to have had a greater impact on restaurant spending than other areas of retail.
- Gainers include Luby's (LUB +4.9%), Cosi (COSI +5.4%), Rave Restaurant Group (RAVE +4.5%), Texas Roadhouse (TXRH +2.4%), Krispy Kreme Dougnuts (KKD +2.8%), Popeyes Louisian Kitchen (PLKI +1.7%), Bob Evans Farms (BOBE +1.1%), Darden Restaurants (DRI +1.4%).
- Even McDonald's (MCD +0.8%), which trailed the Q4 comp average in the sector by a wide margin, is out ahead of the S&P 500.
- Previously: Cracker Barrel +4.1% after traffic accelerates and guidance lifted
Feb. 18, 2015, 10:46 AM
- Restaurants stocks are out-performing as a group after Jack in the Box, Qdboa, Tim Hortons, and Burger King all reported comparable-restaurant sales momentum this week.
- The recent round of earnings from the sector has confirmed analyst predictions of a benefit from lower gas prices in the U.S.
- The developments have also made the recent performance by McDonald's ((NYSE:MCD) -0.2%) look even more anemic.
- Previously: Let's talks $2 gas (Nov. 29 2014)
- Previously: Restaurant sales show sharp increase in January (Feb. 11 2015)
- Leading gainers: Jack in the Box (NASDAQ:JACK) +6.0%, BJ's Restaurants (NASDAQ:BJRI) +3.6%, Sonic (NASDAQ:SONC) +2.6%, Texas Roadhouse (NASDAQ:TXRH) +2.2%, Brinker International (NYSE:EAT) +2.1%, Luby's (NYSE:LUB) +2.0%, Wendy's (NASDAQ:WEN) +1.5%, Cheesecake Factory (NASDAQ:CAKE) +1.4%, Nathan's Famous (NASDAQ:NATH) +1.3%, Ark Restaurants (NASDAQ:ARKR) +1.3%.
Dec. 4, 2012, 9:09 AM
The restaurant sector is on watch after a profit warning from Darden Restaurants points to weakness, not in Europe or China, but at home in the U.S. While increased promotional activity in the sector is behind part of the slip from Darden, the bigger question is why are sales so weak for big players if consumer confidence is supposedly bouncing back?| Dec. 4, 2012, 9:09 AM | 12 Comments
Mar. 22, 2012, 8:38 AM
Luby's (LUB) +9.7% premarket as the restaurant chain raises its forecast for FY 2012 sales and earnings, expecting to generate profit from continuing operations of $0.15-$0.18/share, up from $0.09-$0.12 previously. Same-store sales should grow 1%-2%, although total restaurant sales likely will show just modest improvement.| Mar. 22, 2012, 8:38 AM