Total revenues were flat compared to prior year at $94.7 million – Net income available to common shareholders of $6.0 million, or $0.19 per diluted share, compared to $3.7 million, or $0.16 per diluted share, in the first quarter of 2009.
Net sales increased 1.7% to $38,725,000 from $38,065,000 – Average weekly same store sales per restaurant increased by 1.7%.
The period three same-store sales trend at Hardees again showed growth for the period on top of relatively strong performance in the prior year. This was fueled by the continuing strong sales of the Grilled Cheese Bacon Thickburger and two new Made From Scratch biscuit items.
Famous Dave’s of America, Inc. (NASDAQ: DAVE) announced revenue and net income of $32.6 million and $2.7 million, respectively, or $0.30 per diluted share, for the first quarter ended April 4, 2010. This compares to revenue and net income of $33.8 million and $1.3 million, or $0.15 per diluted share for the comparable period in 2009.
‘During the quarter, we added 37 net new restaurants, invested in our U.S. and Canada reimaging program, continued the deployment of new restaurant equipment, increased company restaurant margins in the U.S. and Canada, and developed innovative products that support both ends of our barbell menu strategy.’
Panera Bread Company (NASDAQ: PNRA) today reported net income of $26 million, or $0.82 per diluted share, for the 13 weeks of the first quarter ended March 30, 2010.
‘In the first quarter, we achieved year-over-year growth in units, revenue and bottom-line performance, even while same-store sales were nearly flat at 0.1% at company-owned restaurants and 0.7% at franchised locations.’
Company Reports Positive Comparable Restaurant Sales at The Cheesecake Factory and Grand Lux Cafe
Leading franchise consultants and attorneys to speak at National Restaurant Association’s annual show in Chicago
McDonald’s Corporation (NYSE: MCD) today announced strong results for the first quarter driven by all areas of the world.