fatburger burgerville
As of April 2, 2005, the Company's restaurant system
comprised 155
units, including 42 Company-operated stores and 113 franchised stores.06
========= =========
Diluted
$ (0.
In the past 12 months, Checkers/Rally's has:
* Recorded Company
-owned same store sales increases of 12. On the Company side, new restaurants have been built and restaurants
have been remodeled in the New Orleans, Indianapolis and Jacksonville markets."
The Rogers
Red Robin(R) restaurant is located at 4300 Walnut Street, one
block east of I-540 on Walnut.burgers platters
Same
-store sales for both Company-operated and
franchised restaurants were negatively affected by
approximately
0. Back Yard Burgers, Inc.' We have reignited our brand, from operations to
marketing
, human resources to franchise development, sales performance to
promotions," said Keith E.cheeseburger hamburgers
4% due
to the fact that Easter Sunday occurred during the first
quarter of 2005 and during the second
quarter of 2004. disclaims
any obligation to update or revise any forward-looking statement based
on the occurrence of future events, the receipt of new information, or
otherwise.satisfying kidsville
Double
Drive-Thru Chain Recognized by Top Restaurant Trade
For Its Sizzling Performance
TAMPA, Fla.checkers. 9-15, to the fire department.platters satisfying
The modification was to extend the exercise
date
until the earliest to occur of: (i) the last day of the term of
the option as specified
in the applicable option grant agreement,
and (ii) one year from January 7, 2005. This modification
required
a re-measurement of the intrinsic value of the stock options as of
January 7
, 2005, and resulted in a non-cash charge in the form of
compensation expense recorded as a general
and administrative
expense for the Company during the 13-week period ended April 2,
2005
., Checkers Drive-In
Restaurants, Inc. GREENWOOD VILLAGE, Colo.buffett shakes
Business Editors
MEMPHIS
, Tenn.Checkers(R)/Rally's(R) Named NRN's 2005 'Hot! Again' Concept
fuddruckers claiming
The
Company modified the
terms for only those options to extend the
period in which the former officer/director could
exercise these
stock options. The Company and the former
officer/director entered into
agreements for the development of 10
franchised locations in the Austin, Texas, area over the
next
seven years. The restaurants specialize in
charbroiled, freshly prepared, great-tasting
food.
(Logo: http://www. Sirois, President and CEO of Checkers Drive-In
Restaurants, Inc
. "I credit our success to the dedication of our officer team
and corporate staff, our active franchise
community, and our store-level
employees across the country. (http://www.
Except for historical
information, this announcement contains "forward-
looking" and "Safe Harbor" statements within the
meaning of Section 27A of the
Securities Act of 1933, as amended, Section 21E of the Securities Exchange
Act
of 1934, as amended and the Private Securities Litigation Reform Act of 1995.buffett burger
(Nasdaq SmallCap:BYBI
) today announced results for the first
quarter of 2005. Eight franchised
restaurants opened
during the 13-week period ended April 2, 2005,
compared with five in the year-earlier period
. The Company does
not expect the closing of these co-branded restaurants to have a
material
impact on its financial condition or its results of
operations for fiscal year 2005.halibut wimpy
-- Total revenues for the 13-week period ended April 2, 2005, were
$9,677,000, a record first
quarter for the Company and an increase
of 2.05
========= =========
Weighted average number of common shares and
common equivalent shares
outstanding:
Basic 4,791 4,762
========= =========
Diluted
5,135 5,157
========= =========
(1) Restated from previously reported financial statements to reflect
certain adjustments
for lease accounting as discussed in Note 3
to the Consolidated Financial Statements included
in the
Company's 2004 Form 10-K.newscom. I am proud that our chain has earned the
designation
of 'Hot! Again' from Nation's Restaurant News.craves shakes
The net loss for the first quarter of 2005 includes a
non-cash charge of approximately $358,000 (net of a tax benefit of
$153,000) relating
to the extension of the exercise date of
certain stock options upon the resignation of an officer
/director
on January 7, 2005.hamburgers craves
The former officer/director had been with the Company for
approximately 18 years and resigned as an officer and director of
the Company to become a franchisee
. For the
first quarter of 2005, same-store sales for Company-operated
restaurants decreased
2. Checkers/Rally's seasoned burgers, thick shakes and award-winning
fries make the brand's slogan
"You Gotta Eat!(R)" undeniable, and its
advertising and national sponsorships have given the chain
a powerful,
memorable brand image.
Checkers Drive-In Restaurants, Inc.franchisee buffett
-- Unit activity
for the quarter included eight franchised store
openings.
Expansion plans for the remainder
of 2005 include the opening of four
Company-operated stores and 27 franchised stores.3% in the fourth
quarter over the same period in 2003.chains claiming
0% over total revenues for the 13-week period ended April 3,
2004. These higher revenues were partially offset
by a 2.
The change in financial
results from the first quarter of 2004 is
also due to the decline in same-store sales at Company
-operated
restaurants, as well as increases in general and administrative
expenses during
the 13-week period ended April 2, 2005. Nine franchised stores closed during the quarter, all of
which were co-branded restaurants with Taco Bell. The
factors that could cause our actual results
to differ materially, many
of which are beyond our control, include, but are not limited to, the
following: delays in opening new stores or outlets because of weather,
local permitting, and the
availability and cost of land and
construction; increases in competition and competitive discounting;
increases in minimum wage and other operating costs; shortages in raw
food products; volatility
of commodity prices; consumer preferences,
spending patterns and demographic trends; the possibility
of
unforeseen events affecting the industry generally, and other risks
described from time to
time in our periodic reports filed with the
Securities and Exchange Commission.com/cgi-bin/prnh/20050321
/FLM009LOGO )
"Checkers/Rally's is so hot again that the theme of our convention this
year
was 'Brand on Fire. The Company
develops, produces, owns, operates and franchises quick service
"double drive-
thru" restaurants. location by
raising $2,000 for the Rogers Fire Department. For
more information
on Red Robin and to find the location nearest you, please visit
http://www.redrobin
. Red Robin(R)
restaurants are famous for offering over 22 gourmet burgers in a variety of
recipes
with Bottomless Steak Fries(TM), as well as many other items including
salads, soups, appetizers
, entrees, desserts, and its signature Mad
Mixology(R) Beverages.cheeseburger burger
7% decline in same-store sales at
Company-operated
restaurants during the first quarter of 2005 compared with the
first
quarter of 2004.
Checkers Drive-In Restaurants, Inc. The fire department will use the
funds
to help support its bike medic teams.burgerville satisfying
Under the original stock option agreements, all of
which were
originally granted with an exercise price equal to the market
value of the
stock at the date of grant, the vested options were
required to be exercised within 90 days after
his resignation.3% for the
same period. As its name
implies, Back Yard Burgers strives to
offer the same high-quality
ingredients and special care typified by outdoor grilling in the
backyard
. The award is
presented to companies for their innovation, successful business strategies
and
entrepreneurial spirit.
Checkers/Rally's offers two drive-thru lanes and a walk-up window at
each
of its nearly 800 locations, ideally positioning the brand for today's on-the-
go consumer
., Red Robin
Gourmet Burgers, Inc.
"On behalf of the Rogers Fire Department, I'd like to thank
Red Robin for
its generous support and donation," said Chief Wesley Lewis.
burgerville krystal
The
increases in general and administrative expenses, in addition to
the non-cash stock compensation
described above, were primarily
for corporate personnel, professional fees and consulting fees
,
including fees associated with the documentation of internal
controls over financial
reporting related to compliance with
Section 404 of the Sarbanes-Oxley Act of 2002.3% and franchise
sales increases of 8. "The money
raised during the restaurant's opening will help us upgrade
our bike medic
teams' medical equipment so we can provide better service to the citizens of
Rogers
.com) founded in 1969, is a casual
dining restaurant chain focused on serving an imaginative selection
of high
quality gourmet burgers in a family-friendly atmosphere.shakes franchisee
03) $ 0. (Nasdaq: RRGB)
Red Robin Gourmet Burgers (http://www.eatery burgers
The higher revenues resulted primarily from a $272,000
increase in royalty fees and a $79,000 increase in advertising
fees over the year-earlier period
due to a net increase of 20
franchised restaurants since April 3, 2004.05 per diluted share,
for the first quarter of
2004.03) $ 0.
"
The Nation's Restaurant News' Hot Concepts
awards introduce readers to
concepts that sizzle with innovation, passion and potential.
CONTACT: Kim Francis
MARC Public Relations
412-562-1186
fries shakes
03 per diluted
share, for the first quarter of 2005 compared with net income of
$267
,000, or $0. ("Red Robin"), the casual dining company that serves up
wholesome, fun, feel-good experiences
by offering its guests high-quality
gourmet burgers, celebrated the grand opening of its Rogers,
Ark.redrobin.wimpy hamburgers
-- The Company reported a net loss of $163,000, or $0. Forward-looking
statements
are based upon estimates, projections, beliefs and
assumptions of management at the time of such
statements and should
not be viewed as guarantees of future performance. Such
forward-looking
information involves important risks and uncertainties
that could significantly impact anticipated
results in the future and,
accordingly, such results may differ materially from those expressed
in
any forward-looking statements by or on behalf of the Company.
BACK YARD
BURGERS, INC
Unaudited Consolidated Statements of Operations
(in thousands
, except per share amounts)
Thirteen Weeks Ended
--------------------
04/02/05 04/03/04
----
----- ---------
(restated)
(1)
Revenues:
Restaurant sales
$ 8,208 $ 8,434
Franchise and area development fees 165
88
Royalty fees 931 659
Advertising fees
244 165
Other
129 137
--------- ---------
Total
revenues 9,677 9,483
--------- ---------
Expenses:
Cost of restaurant sales 2,639
2,634
Restaurant operating expenses 3,995 4,076
General and administrative
2,054 1,199
Advertising 554
514
Depreciation and amortization 563 524
--------- ---------
Total expenses
9,805 8,947
--------- ---------
Operating income (128) 536
Interest income
6 1
Interest expense (108
) (126)
Other, net (21) (22)
--------- ---------
Income before income taxes
(251) 389
Income tax expense (88) 122
--------- ---------
Net income
$ (163) $ 267
=========
=========
Income per share:
Basic $ (0., (Nasdaq:
CHKR), the nation's largest double drive-thru
chain, is a thriving company, with solid financials
, exciting marketing,
award-winning HR programs and new store growth. The 11th Annual Nation's Restaurant
News Hot
Concepts! Celebration, to be hosted on Sunday, May 22, 2005, in Chicago, is
sponsored
by EQUAL(R).com ) is the
largest double drive-thru restaurant chain in the United States. The Rogers
location is the second restaurant
in Arkansas with an additional location in Fayetteville.com.
About Red Robin Gourmet Burgers, Inc. There are more than 300 Red Robin restaurant locations
across the United States and Canada, which include both corporate-owned
locations and those operating
under franchise or license agreements.hamburgers fatburger
Back Yard Burgers Reports First Quarter Financial Results
7% from the comparable period in 2004 and
same-store sales for franchised restaurants decreased
0. Its menu features made-to-order gourmet Black Angus
hamburgers and chicken sandwiches - charbroiled
over an open flame,
fresh salads, chili and other specialty items, including hand-dipped
milkshakes
, fresh-made lemonade and fresh-baked cobblers.
This press release contains forward-looking statements
within the
meaning of the federal securities laws, including statements regarding
the number of
Company-operated and franchised restaurants the Company
anticipates opening during fiscal year 2005
. Now, Nation's Restaurant News,
the newsweekly of the food service industry, has officially recognized
Checkers(R)/Rally's(R) sizzling business performance by naming the brand the
2005 "Hot! Again
" concept.
* Signed on as the Official Drive-Thru Restaurant and Burger of NASCAR(R)
and announced
six new sponsorships with professional and collegiate sports
teams
* Launched and fully integrated
the fourth year of its successful You
Gotta Eat! advertising campaign into its internal and external
marketing,
human resources, franchise and operational initiatives
* Signed area development
agreements for 119 franchised units to be built
by 2009."
"We appreciate the fire department
's efforts to keep our local communities
safe," said Eric Houseman, Red Robin president and COO.
"We want to thank
everyone who came to the restaurant during opening week to show their support
-- it was a true community effort.claiming burgerville
chains craves
----Back Yard Burgers,
Inc. The Company is
required to comply
with Section 404 no later than fiscal year
2006.
This marks the 15th out of the last 16 quarters
that Checkers/Rally's recorded
positive same store sales.Red Robin Gourmet Burgers Grand Opening
Raises Funds for the Rogers Fire Department
As part of the company's ongoing commitment to
the local community, the
restaurant donated 50 cents from every gourmet burger sold during opening
week, Jan.craves shakes
This resulted in a
$77,000 increase in franchise and area development fees over
the
year-earlier period.
Back Yard Burgers operates and franchises quick-service
restaurants
in 19 states, primarily in markets throughout the
Southeast region of the United States.krystal wimpy
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