Same-store sales

BurgerFi Reports Preliminary Unaudited Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Digital, Sale, Acquisition, Same-store sales, Adjustment, Chain, Credit, Investment, Restaurant, Depreciation, GAAP, Calendar, BurgerFi, Video game

Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.

Key Points: 
  • Restaurant-level operating expenses for the fourth quarter of 2023 were $34.5 million compared to $36.4 million in the fourth quarter of 2022.
  • For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 660 basis points for the fourth quarter of 2023, compared to the fourth quarter of 2022, primarily due to lower leverage on sales.
  • During the fourth quarter 2023, there were three franchised BurgerFi openings, five franchised BurgerFi closures and no corporate-owned Anthony's closures.
  • The Company will hold a conference call today to discuss its fourth quarter and fiscal year 2023 results.

GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. FOURTH QUARTER 2023 RESULTS

Retrieved on: 
Tuesday, February 20, 2024
International, Same-store sales, SSS, ROE, Hurricane Otis, International Financial Reporting Standards, Face

de C.V. reports its 2023 fourth quarter results.

Key Points: 
  • de C.V. reports its 2023 fourth quarter results.
  • All figures are shown in nominal terms and reported under International Financial Reporting Standards (IFRS).
  • Growth of 8.7% in Same-Store Sales (SSS) in Mexico, exceeding the 6% recorded by ANTAD.
  • The above is equivalent to a total of $2,147 million pesos or 28.1% of majority income in 2023.

BurgerFi Provides Fiscal Year 2023 Business Update

Retrieved on: 
Monday, January 8, 2024
POS, NDM, Depreciation, Conference, Restaurant, Consolidated, Sale, Acquisition, Holiday, Public expenditure, Same-store sales, Chain, Bachmann, Total, BurgerFi, Calendar, Feedback, Growth, Fast food

FORT LAUDERDALE, Fla., Jan. 08, 2024 (GLOBE NEWSWIRE) -- BurgerFi International, Inc. (NASDAQ: BFI, BFIIW) (“BurgerFi” or the “Company”), owner of the high-quality, casual dining pizza brand under the name Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) and one of the nation’s leading fast-casual “better burger” dining concepts through the BurgerFi brand, today reported preliminary results for the fiscal year 2023 which ended on January 1, 2024. The Company also set its initial business outlook for fiscal year 2024 as it focuses on five key strategic initiatives.

Key Points: 
  • The Company also set its initial business outlook for fiscal year 2024 as it focuses on five key strategic initiatives.
  • Finally, later this month, BurgerFi will return to New York City with the grand reopening of our flagship, company-owned, BurgerFi restaurant and Better Burger Lab.”
    Christopher Jones, Chief Financial Officer of BurgerFi, noted, “We have started to see early signs of improvement across the business.
  • *The fourth quarter and fiscal year 2023 reporting periods for BurgerFi changed to a quarter 4-4-5 calendar with a 52-53 week fiscal year ending on the Monday nearest December 31 of each year to improve the alignment of financial and business processes following the acquisition of Anthony’s.
  • We have adjusted for differences arising from the different fiscal-period ends for the quarter and fiscal year 2023 when comparing to 2022.

BurgerFi Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 15, 2023
Sale, EBITDA, Acquisition, Same-store sales, Restaurant, Investment, Chain, Depreciation, Corporate-owned life insurance, ITV Digital Channels, Digital, GAAP, Adjustment, BurgerFi, Video game, Fast food, Growth

Bachmann continued, “Many of the initial initiatives we put in place are already taking hold, including the expanded menus at BurgerFi and Anthony’s. Most recently, we successfully executed the biggest enhancement of the BurgerFi menu in company history, adding wings and salad bowls, and the response has been resounding. At the end of the month, we will also launch chicken sandwiches. At Anthony’s, we added a Chicken Alfredo and Artichoke Pizza, and two pasta dishes -- Spaghetti and Meatballs and Italian Fettuccine Alfredo. We have already decreased turnover at both brands and significantly reduced training labor which has resulted in higher consumer satisfaction scores as well as faster throughput and ticket times. These are leading indicators that we are on the right path towards higher sales and margins.”

Key Points: 
  • Restaurant-level operating expenses for the third quarter of 2023 were $32.9 million compared to $35.2 million in the third quarter of 2022.
  • For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 440 basis points for the third quarter of 2023, compared to the third quarter of 2022, primarily due to lower leverage on sales.
  • During the third quarter 2023, there was one corporate-owned Anthony’s and three franchise BurgerFi closures.
  • Management is updating its outlook for the fiscal year 2023:
    The Company will hold a conference call today, November 15, 2023, at 8:30 a.m. Eastern time to discuss its third quarter 2023 results.

Invitation Homes Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, October 25, 2023
Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Fitch Ratings, Sale, Tax, Same-store sales, GAAP, Acquisition, Core, Growth, Casualty loss, Occupancy, TTM, Debt-to-GDP ratio, Economy of India under Company rule, Renting

Dispositions for Q3 2023 included 397 wholly owned homes for gross proceeds of $151 million and 19 homes for gross proceeds of $9 million in the Company's joint ventures.

Key Points: 
  • Dispositions for Q3 2023 included 397 wholly owned homes for gross proceeds of $151 million and 19 homes for gross proceeds of $9 million in the Company's joint ventures.
  • Year to date through September 30, 2023, the Company acquired 2,761 homes for $1,009 million, including 2,626 wholly owned homes for $965 million and 135 homes for $44 million in the Company's joint ventures.
  • The company also sold 1,091 homes for $401 million, including 1,042 wholly owned homes for $379 million and 49 homes for $22 million in the Company's joint ventures.
  • The dividend will be paid on or before November 22, 2023, to stockholders of record as of the close of business on November 7, 2023.

XPOF INVESTIGATION: Robbins Geller Rudman & Dowd LLP Announces Investigation into Xponential Fitness, Inc. and Encourages Investors with Substantial Losses or Witnesses with Relevant Information to Contact the Firm

Retrieved on: 
Thursday, October 12, 2023
NYSE, Same-store sales, Culture, Hill of Row, Fitness, Research, SAN, News, House of cards, AKT, BFT

SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP has launched an investigation into potential violations of U.S. federal securities laws involving Xponential Fitness, Inc. (NYSE: XPOF) focused on whether Xponential Fitness as well as certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

Key Points: 
  • SAN DIEGO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP has launched an investigation into potential violations of U.S. federal securities laws involving Xponential Fitness, Inc. (NYSE: XPOF) focused on whether Xponential Fitness as well as certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.
  • If you have information that could assist in this investigation or if you are an Xponential Fitness investor who suffered a loss and would like to learn more, you can provide your information here:
    You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected] .
  • THE COMPANY: Xponential Fitness operates as a boutique fitness franchisor under the Club Pilates, Pure Barre, CycleBar, StretchLab, Row House, YogaSix, Rumble, AKT, Stride, and BFT brands.
  • THE REVELATION: On June 27, 2023, Fuzzy Panda Research published a report titled “Xponential Fitness (XPOF) – ‘Abusive Franchisor That Is A House Of Cards,’” alleging, among other things, that Xponential Fitness had permanently closed more than 30 stores despite representations that Xponential Fitness had “‘never closed a store.’” Fuzzy Panda Research further alleged that Xponential Fitness “likely is violating their debt covenants regarding the number of permanently closed stores they have.” Moreover, Fuzzy Panda Research concluded that “8 out of 10 [Xponential Fitness] brands are losing money monthly” and that financial disclosure documents “show that [Xponential Fitness] is selectively EXCLUDING underperforming stores from reported [Same Store Sale] and [Average Unit Volume] calculations.” Fuzzy Panda Research added that “[c]onsumers complain about ‘illegal billing practices’ including continuing to bill consumers credit cards after a studio has been permanently closed” and that Xponential Fitness CEO, Anthony Geisler, “condones a culture of sexual harassment.” Following this news, the price of Xponential Fitness stock declined by more than 37%.

Chow Tai Fook Jewellery Delivers Strong Sales Growth in Second Quarter FY2024, On Track in Transition to Higher Value Growth

Retrieved on: 
Tuesday, October 17, 2023
Shaanxi History Museum, Partnership, Platinum, ASP, Stock exchange, Tourism, Motherboard, SEHK, POS, Tang dynasty, Same-store sales, VAT, Hong Kong Tourism Board, Rivers State Ministry of Culture and Tourism, SSS, Growth, Marketing, Omnichannel, Ministry (collective executive), RSV, Cryptocurrency, Jewellery, Property management, Risk management, Northwestern Polytechnical University, Culture

CHOW TAI FOOK JEWELLERY existing as at 30 September 2023 and which have been opened prior to 1 April 2022.

Key Points: 
  • CHOW TAI FOOK JEWELLERY existing as at 30 September 2023 and which have been opened prior to 1 April 2022.
  • The Group’s RSV registered positive growth of 5.8% during the Quarter, driven by Hong Kong, Macau and other markets.
  • RSV in the Mainland was stable with a slight increase of 0.6%, despite a higher base last year.
  • Hence, the average daily customer traffic at the Group’s stores in Hong Kong and Macau increased significantly during the Quarter.

AvalonBay Communities, Inc. Provides Third Quarter 2023 Operating Update

Retrieved on: 
Wednesday, September 6, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Operation, Same-store sales, Task Force for Business and Stability Operations, Sale, Rare-earth element, Lease, Property management

New Move-In Like-Term Effective Rent Change was 3.9%, 2.7%, and 1.8% for June, July, and August 2023, respectively.

Key Points: 
  • New Move-In Like-Term Effective Rent Change was 3.9%, 2.7%, and 1.8% for June, July, and August 2023, respectively.
  • Renewal Like-Term Effective Rent Change was 5.7%, 4.9%, and 4.2% for June, July, and August 2023, respectively.
  • Like-Term Effective Rent Change represents the percentage change in effective rent between two leases of the same lease term category for the same apartment.
  • Like-Term Effective Rent Change is weighted based on the number of leases meeting the criteria for new move-in and renewal like-term effective rent change.

BurgerFi Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 16, 2023
Same-store sales, BurgerFi, GAAP, Chain, Corporate-owned life insurance, Sale, ITV Digital Channels, EBITDA, Acquisition, Investment, Restaurant, Anthony, Depreciation, Digital, Adjustment, Video game, Fast food, Growth

Restaurant-level operating expenses for the second quarter of 2023 were $35.2 million compared to $36.2 million in the second quarter of 2022.

Key Points: 
  • Restaurant-level operating expenses for the second quarter of 2023 were $35.2 million compared to $36.2 million in the second quarter of 2022.
  • For the BurgerFi brand, restaurant-level operating expenses, as a percentage of sales, increased 500 basis points for the second quarter of 2023, compared to the second quarter of 2022, primarily due to lower leverage on sales.
  • Adjusted EBITDA in the second quarter of 2023 decreased $0.6 million to $2.0 million compared to $2.6 million in the second quarter of 2022, driven by lost leverage on sales at BurgerFi partially offset by higher same-store sales and lower food costs at Anthony’s.
  • The Company will hold a conference call today, August 16, 2023, at 8:30 a.m. Eastern time to discuss its second quarter 2023 results.

Invitation Homes Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, July 26, 2023
Construction & Property, Residential Building & Real Estate, Casualty loss, Tax, Core, GAAP, Sale, TTM, Occupancy, Growth, Same-store sales, Hand, Economy of India under Company rule, Renting, Cryptocurrency, Bank

Dispositions for Q2 2023 included 361 wholly owned homes for gross proceeds of $134 million and 17 homes for gross proceeds of $7 million in the Company's joint ventures.

Key Points: 
  • Dispositions for Q2 2023 included 361 wholly owned homes for gross proceeds of $134 million and 17 homes for gross proceeds of $7 million in the Company's joint ventures.
  • Year to date through June 30, 2023, the Company acquired 470 homes for $155 million, including 369 wholly owned homes for $123 million and 101 homes for $32 million in the Company's joint ventures.
  • The company also sold 675 homes for $242 million, including 645 wholly owned homes for $229 million and 30 homes for $13 million in the Company's joint ventures.
  • Subsequent to quarter end on July 18, 2023, the Company acquired a premier portfolio of nearly 1,900 homes for approximately $650 million (the "Portfolio Acquisition").