Restaurant Finance Across America
Archived postings from September, 2008...
Olive Garden never fails to disappoint
Posted: Tue, September 16, 2008 at 4:42pm (CDT)
Olive Garden\'s same store sales increased 2.4%, its 56th consecutive quarter of same-restaurant sales. The Knapp-Track(TM) benchmark was down 3.7% for the comparable period.
Darden Restaurants September 16, 2008 ![]()
McDonald's 100....Other Restaurant Chains 0
Posted: Tue, September 09, 2008 at 4:48pm (CDT)
McDonald\'s systemwide sales rose 14 percent during the month of August worldwide and increased 5 percent in the U.S. What other restaurant chain is doing as well?
McDonald's Corporation September 9, 2008 ![]()
Julia Stewart's finance problems have only just begun
Posted: Mon, September 08, 2008 at 5:29pm (CDT)
Chief Financial Officer Tom Conforti announced his resignation from DineEquity today and Greggory Kalvin was named interim CFO.
Reuter's September 8, 2008 ![]()
Shell's files bankruptcy
Posted: Thu, September 04, 2008 at 9:33am (CDT)
Shells filed Chapter 11 on September 3, 2008 and immediately closed eight restaurants in Florida.
Yahoo Finance September 3, 2008 ![]()
Ruth's second quarter indicative of what's ailing restaurants
Posted: Tue, September 02, 2008 at 8:59pm (CDT)
Sales were down 7% and operating expenses rose 380 basis points to 50.2% of sales from 46.4% in the prior year. Ruth\'s leverage ratio at the end of the second quarter was 3.25 times (total debt divided by adjusted LTM EBITDA) versus a bank covenant level of 3.5 times.
Seeking Alpha September 2, 2008 ![]()


