[PR Newswire] - Frisch's Restaurants, Inc. reported sales of $292,872,174 for the fiscal year ended June 1, 2010. Revenues declined $4,988,777, or 1.7%. Net earnings for the year declined 6.7% to $9,998,931 compared to $10,720,855 last year. Diluted earnings per share decreased to $1.93 per share, from $2.08 per share last year.
[PR Newswire] - Frisch's Restaurants, Inc. , announced today that the Board of Directors declared a $.13 per share quarterly dividend payable July 9, 2010 to shareholders of record at the close of business on June 21, 2010. This will be the 198th consecutive quarterly dividend paid by Frisch's.
At the end of the week, our watch list ballooned to 62 companies. Below are the top 10 ten companies on the list. The complete watch list of current and former Dividend Achievers within 20% of their respective 52-week low can be found here.
At the end of the week, our top ten stocks on our watch list contains a very diverse group of companies. These dividend paying stocks are all within 20% of the 52-week low for April 16, 2010.
A year ago, I highlighted the fast casual restaurant segment favorably, suggesting these chains would benefit from falling input costs and a slowdown in expansion. Most of the stocks mentioned are higher today despite the overall market being down. I followed that article up a few days later with a explanation of why I bought BJ's Restaurants (BJRI), which turned out to be a real winner.
An article in Fortune via CNN Money that looks favorably upon the Darden (DRI) restaurant chain [see Darden's latest quarterly conference call here], notes the formidable problems facing the restaurant industry:
After years of expansion and development, the restaurant industry is in danger of overbuilding, especially within the casual dining segment, which includes sit-down restaurants such as Applebee's (DIN), Chili's (EAT), Ruby Tuesday (RT) and [Darden's] Olive Garden... Bennigan’s and Steak...
Costco talks about some interesting trends in this downturn. From Costco Wholesale Corp.'s FQ109 conference call:
For once, a positive sign for malls:
We continue to think that there’s plenty of opportunity in the US and Canada. We think that, our bet is if we’re in six or seven malls right now, and when I say we’re in malls, we’re usually in the parking lot with a breezeway entrance into the mall. In some instances, one example would be in Atlanta Cumberland Mall, they literally, the mall owner tore down I think it was the JC Penny and then...
There is an apparently large faction of people who expect that Americans, weighed down by their debt burdens and facing rising costs, will abandon restaurants and start cooking. Yeah, right. While I have been very negative on the industry, I want to say that I am rapidly warming up. Similar to my recent views on Whole Foods (WFMI), the bear trade has played out, perhaps to an extreme. In particular,...
David Phillips (10Q Detective) submits: Frisch?s Restaurants, Inc. (FRS), is a regional company that operates 90 full service family-style restaurants under the name ?Frisch?s Big Boy,? located primarily in various regions of Ohio, Kentucky and Indiana.
Menus are generally standardized with a wide variety of items at moderate prices, featuring well-known signature items such as the original ?Big Boy? double-deck hamburger sandwich, freshly made onion rings and hot fudge cake for dessert.
Company Description and Marketing Strategies:
The Big Boy marketing strategy...
By Kevin Frisch, columnist It is perhaps uniquely American that even something as benign as a holiday can start an argument. And not just any holiday ? most holidays. Halloween is assaulted for ...
By Philip A. Janquart, For the Kuna Melba News It had been a long two years in which the Kuna High School football team registered three wins in 15 games, but the Kavemen are hopeful that ...
By Lee Hammel TELEGRAM & GAZETTE STAFF A retired deputy superintendent of the Worcester County Jail and House of Correction has questioned the qualifications of one of the candidates for the ...
By Kevin Frisch, columnist I'm the first person to whine about all the special privileges state lawmakers get ? from the taxpayer-funded mailings they use to tell taxpayers how much money they're ...
ST. CHARLES, Minn. ? Cullen Frisch is the type of player every coach dreams about having. A dedicated athlete who leads by example and can be an absolute beast on the defensive side of the ...
By RYAN DIXON Frisch -- along with the rest of his Glen Rock teammates -- faced Stoverstown and was thrown right into a nail-biting position on Wednesday as the suspended Game 4 of the Central ...
SUGARCREEK TWP., Greene County ? The Frisch's Big Boy restaurant at 6188 Wilmington Pike was missing its Big Boy statue along with its awnings last week. They had been missing since early August ...
By Kevin Frisch, columnist You would think that most Americans, upon learning that the ?Ground Zero Mosque? is neither planned for Ground Zero nor a mosque, would turn their attention to more ...
(I-Newswire) August 23, 2010 - Skully's German Shepherds is proud to announce the merger with the Frisch family, to form Vom Frisch-Skully German Shepherds. This merger will combine our World ...
By ABIGAIL JONES For months after her husband of 52 years died last spring, Laurel Frisch struggled to read a book. She couldn't make decisions; she only occasionally left her home. In those rare ...
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