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Trends
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Cornell Roundtable Discovers: When It Comes To Human Resources, One Size Does Not Fit All
Alignment and innovation were the focal elements of the third Human Resources Roundtable at the Cornell University School of Hotel Administration. Sponsored by the Cornell Center for Hospitality Research, along with co-sponsors eCornell and Cornell's School of Industrial and Labor Relations, the Roundtable connects industry leaders with Cornell's faculty and students. Its goal is to crystallize the key issues facing the industry's human resources professionals. ...more
Restaurant Rent: How Much is Too Much? - By Richard Williams
The question of how much rent a restaurant operation can afford to pay is explored, using examples of fixed rent and percentage rent. The relationship between gross sales and rent paid is discussed. ...more
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Appointments
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Morton's Names Restaurant Industry HR Veteran Jeffrey Campbell Vice President, Chief People Officer
Jeffrey S. Campbell, a veteran restaurant industry human resources executive, has joined Morton's The Steakhouse as vice president, chief people officer, it was announced today by Edie Ames, president of the fine-dining restaurant group. ...more
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Development
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Pizza Inn Announces Multi-Unit Agreement in Guatemala
16 New Locations to be Developed Within the First Five Years ...more
Wendy's Announces Sale of Baja Fresh Chain for $31 Million
Wendy's International, Inc. (NYSE:WEN) today announced a definitive agreement to sell the Baja Fresh(R) Mexican Grill restaurant chain to a west coast restaurant operating company for about $31 million. ...more
Rick's Cabaret Signs Purchase Agreement for Control of New Gentlemen's Club in Austin, Texas
Rick's Cabaret International, Inc. (NASDAQ: RICK), the national chain of adult entertainment nightclubs, said today it has entered into a Purchase Agreement to acquire a 51 percent interest in a new 22,000-square-foot gentlemen's club in fast-growing Austin, Texas. As part of the transaction, the Company will enter into a Management Agreement under which it will manage the club as a Rick's Cabaret. ...more
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Financial
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Domino's Pizza Announces Third Quarter 2006 Results
Diluted EPS was $0.39, including a $0.04 per share benefit relating to a gain on the sale of Company-owned operations in France and the Netherlands, up 30% from year ago levels. ...more
McDonald's sees 17% jump in third-quarter profit
Sales rise in September and third quarter ...more
McDonald's Announces Final Proration Factor of 7.01043% for Chipotle Split-Off Exchange Offer
McDonald's Corporation today announced the final results of the Chipotle exchange offer. The offer expired at 12:00 midnight, New York City time, on October 5, 2006. ...more
Ruby Tuesday 1Q Earnings Flat on Costs
Ruby Tuesday Posts Flat 1Q Earnings As Higher Sales Fail to Offset Increased Costs ...more
CKE Restaurants, Inc. Announces Expansion of Stock Repurchase Program
The board increased the Company's repurchase authority under its stock repurchase program by $50 million, for a new limit of $100 million. ...more
Yum Brands 3rd Quarter Profit Rises
Yum Brands 3Q Profit Rises on Strong China Sales; Boosts Outlook Above Street's View ...more
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Openings
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Noted Chef Rick Tramonto Adds Plenty of Flavor to the Opening of $125 Million Westin Chicago North Shore
412-Room Hotel to Feature Three Unique Restaurants Operated and Designed by Famed Restaurateur ...more
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