Restaurant Social Media
Started this discussion. Last reply by Gord Oct 17, 2009. 1 Reply 0 Likes
Posted on January 5, 2012 at 11:49am 0 Comments 0 Likes
Restaurant Operations Notes: Money left on the table
We had the opportunity to travel through the US in November and December and got into a lot of restaurants. We saw good things, and good people, but also some operational issues that have the result of leaving dollars on the table—revenue enhancement and expense related. We have seen these issues often enough throughout 2010 and 2011 to mention the commonalities.
None of this is brain surgery; restaurant professionals…
ContinuePosted on November 10, 2011 at 2:00pm 1 Comment 0 Likes
Posted on August 8, 2011 at 10:00am 0 Comments 1 Like
Now that we are through half of the Q2 chain restaurant earnings results, we publish again our critical look at what’s happening throughout the restaurant earnings universe: …
ContinuePosted on July 5, 2011 at 12:38pm 0 Comments 0 Likes
Steakhouse Conundrum: Improved Sales v. Higher Costs
We are impressed that many steak centric related restaurant concepts same store sales trends have outperformed other chain restaurant concept same store sales trends lately. But beef costs have also risen from 2009/2010 levels. This is reverse of the position in 2009 when sales were plunging and protein costs also fell from the then historic 2007/2008 highs. However, after declines in 2007 through the…
ContinuePosted on May 17, 2011 at 7:39am 0 Comments 0 Likes
YUM’s announcement last week of the acquisition of the 415 unit Little Sheep hot pot chain was not a surprise. YUM had invested via a minority stake earlier, and its earnings model more and more depends on China feeding its China operations.
The YUM acquisition is estimated at $585M (US$), or about 8.5X 2011 projected EBITDA. Little Sheep had doubled its EBITDA since 2008.
Little Sheep went public on the Hong Kong Exchange in June 2008 and we now have some…
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