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Does that mean "The Other White Meat" is porked?
Pork industry to call on consumers to 'Be Inspired'
(3/4/2011)
Rod Smith
Special Coverage from the National Pork Forum in Phoenix, Ariz., March 3-5.
The National Pork Board is scheduled to unveil its new advertising and promotion campaign this afternoon in which it will turn the page on "Pork: The Other White Meat" and replace the 25-year tagline with "Pork: Be Inspired."
Integrated print, radio and television commercials will begin next month, as pork producers, packers and other pork marketers target a new consumer segment of medium to heavy pork users, representing 28% of U.S. households -- users who are influential to whom family and friends look to for advice.
The new target audience is the consequence of extensive market segmentation work conducted last year that provided the Pork Board with more information about consumers and consumer demand than it's ever had, noted Ceci Snyder, the board's vice president for consumer marketing, during a meeting with trade reporters at the forum yesterday.
Its demographics enjoy cooking, enjoy a good meal, enjoy pork but feel that they are on "auto-pilot" and "are ready for fresh ideas," she said. "They see the glass as half full."
The new tagline will appear in the familiar blue "pic" and is the surviving idea of a number of taglines that were carved down to six and then "Be Inspired" in consumer focus groups that found it "quick and simple," Snyder said.
It expresses pork's personality as "unapologetic, assertive, energetic, optimistic and a leader," and its voice that pork is creative, delicious, tempting and inspiring -- "that we are pork" -- she said.
Snyder said the "Other White Meat" slogan, which is one of the five most memorable taglines in advertising history, is not being retired but will continue to be used in certain communications, including nutrition communications, and on web sites and wearables. "It is out heritage brand,' she said.
"We are dropping our comparison to chicken," added Pork Board chief executive officer Chris Novak. From now on, he said, "pork stands on its own."
Minnesota pork producer Dianne Bettin, a member of the board's marketing committee, said she believes producers will be excited about the new branding effort. "We heard a lot from producers during the (losses taken in the 2008-10 period) that we need to market better. We heard that message.
"We won't need to sell this to our producers. They are eager for this new face."
The board's marketing team will present the campaign to delegates at the Pork Act this afternoon.
The forum houses the annual business meetings of the Pork Act, which advises the Pork Board on policy, and the National Pork Producers Council.
Yeah well I heard that my cousin's neighbor's babysitter's mother once met a guy who had a former roommate who said the onion rings are to die for.
GO DAVE!!!!
I just saw a comment by a friend of my sister's that Famous Dave's is one of their family favorites. Perhaps Rawnoc's taste buds are a better indicator than I thought.
"In the fourth quarter, we announced another share buyback authorization, under which we repurchased 174,100 shares of common stock, at an average price of $10.33 per share, excluding commissions, for a total of approximately $1.8 million."
Famous Dave's Reports Full Year Results of $0.82 Per Share
Includes One-Time Net Gain of $0.15 Per Share
http://finance.yahoo.com/news/Famous-Daves-Reports-Full-pz-3197517650.html?x=0&.v=1
I really wanted to add some under $10 but didn't have the funds. Should be a great year for DAVE.
Remember -- any dip is absorbed by company buyback shares IMO thereby constantly decreasing the float and increasing the EPS.
Looks like everyone that wanted out before earnings got out this morning and those who want in before are buying now.
Famous Dave's Fourth Quarter 2010 Earnings Release and Conference Call
MINNEAPOLIS, Feb 14, 2011 (GlobeNewswire via COMTEX) -- Famous Dave's of America,
Inc. (DAVE) will announce its fourth quarter 2010 earnings after market close
March 2, 2011. The company is hosting a conference call, March 3, 2011 at 10:00
a.m. Central Time, to discuss its fourth quarter 2010 financial results. There
will be a live webcast of the discussion through the Investor Relations section
of Famous Dave's website at http://www.famousdaves.com.
A replay will be available for one week following the call by dialing (800)
642-1687, Conference ID "41848976."
Famous Dave's of America, Inc. (DAVE) develops, owns, operates and franchises
barbeque restaurants. As of February 14th, 2011, the company owned 52 locations
and franchised 129 additional units in 37 states. Its menu features award-winning
barbequed and grilled meats, an ample selection of salads, side items,
sandwiches, and unique desserts.
The Famous Dave's of America, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly historical, including but
not limited to statements regarding the timing of our restaurant openings and the
timing or success of our expansion plans, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks, which may cause the
company's actual results to differ materially from expected results. Although
Famous Dave's of America, Inc. believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectation will be attained. Factors that could cause actual
results to differ materially from Famous Dave's expectation include financial
performance, restaurant industry conditions, execution of restaurant development
and construction programs, franchisee performance, changes in local or national
economic condition, availability of financing, governmental approvals and other
risks detailed from time to time in the company's SEC reports.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Famous Dave's of America
CONTACT: Diana G. Purcel, Chief Financial Officer
952-294-1300
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
DAVE is printing fresh 2 year highs as I type, WEEEEEEEEEEEEEEEEEEEEEEE!!!
It wasn't me.....I would gave skipped the register and headed for the ribs...
http://www.action3news.com/Global/story.asp?S=13832602
Tis the season for BBQ gorging.
you went to a Christmas party that was catered by a BBQ restaurant?
you Californians are strange people! lol
Cool, I'm pretty sure we have Food Lion here...I'm so there.
I really do like all of their BBQ sauces, but my favorite are Rich & Sassy and Sweet & Zesty. If I was stuck on an island and had to pick just one I'd probably go with Rich & Sassy.
I like Dave's at putting more and more marketing strength into catering/to-go (at least at my local restaurant they are). I went to an Xmas party that used Famous Dave's to cater (and I had nothing to do with the planning of that lol). Boy was I in heaven.
Did I mention that I like the food/sauce at Famous Dave's?
I found it at Food Lion which I guess is a chain.
Which sauce?
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!!!!!!!!!!!!!!!!!!
Was that at a chain? I gotta see if I can get that around here myself!!!!!
Have I mentioned that I like the sauce?
Reminder -- DAVE trades options. I have some call options which are really kicking major butt.
DAVE is .15 away from a fresh 2 year high.
A friend of mine just got back from the army, and he is demanding we feast on Famous Dave's.
And being such a good friend, I'm going to make the sacrifice for him.... ;)
Thanks for sharing both!
Wise on both accounts.
Added some DAVE today with ASRG profits
Famous Dave's Legendary Pit Bar-B-Que(R) Opens Aurora, Colorado Restaurant
MINNEAPOLIS, Dec 14, 2010 (GlobeNewswire via COMTEX) -- Famous Dave's of America,
Inc. (DAVE) announces it has opened its newest award-winning Bar-B-Que restaurant
in Aurora, Colorado, at 15725 E. Briarwood Circle. The December 13th opening
marks the sixth Famous Dave's location in Colorado.
"We're excited about opening Famous Dave's in Aurora," said Bill Ferguson,
franchisee of the new Colorado location. "Not only are we bringing award-winning
BBQ, sauces and sides to Aurora, but we are also looking forward to being an
active participant in the community."
Christopher O'Donnell, President and CEO of Famous Dave's commented, "The people
of Colorado have embraced Famous Dave's as a popular destination and we have
already been warmly welcomed into the Aurora community. Bill Ferguson and his
team are highly experienced in the hospitality industry and we are proud to have
them as the franchisee of the new Aurora location."
Open Monday through Sunday from 11:00 a.m. to 11:00 p.m., guests can enjoy both
lunch and dinner in the 7,000 square foot restaurant. Famous Dave's Bar-B-Que can
also be ordered TO GO by calling (303) 396-6227. Catering for events and social
gatherings of all sizes is available as well.
Famous Dave's offers a hearty roundup of award-winning ribs, hickory smoked
meats, and other BBQ favorites, such as St. Louis-Style Ribs brushed with Rich &
Sassy(R) Sauce, Texas Beef Brisket, Georgia Chopped Pork, Country-Roasted
Chicken, Wilbur Beans, Creamy Coleslaw and Dave's Famous Bread Pudding. A Lil'
Wilbur Kid's Menu includes classic kid favorites, such as Macaroni & Cheese, and
Chicken Tenders.
For more information, including a full menu and other restaurant locations,
please visit http://www.famousdaves.com.
About Famous Dave's
Famous Dave's of America, Inc. (DAVE) develops, owns, operates and franchises
barbeque restaurants. As of today, the company owns 52 locations and franchises
130 additional units in 37 states. The menu features award-winning barbequed and
grilled meats, a large selection of salads, side items and sandwiches, and unique
desserts. Famous Dave's has won over 500 awards for everything from best ribs to
best Bar-B-Que sauce to best cookbook. For more information, please visit
http://www.famousdaves.com.
The Famous Dave's of America, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly historical, including but
not limited to statements regarding the timing of our restaurant openings and the
timing or success of our expansion plans, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks, which may cause the
company's actual results to differ materially from expected results. Although
Famous Dave's of America, Inc. believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectation will be attained. Factors that could cause actual
results to differ materially from Famous Dave's expectation include financial
performance, restaurant industry conditions, execution of restaurant development
and construction programs, franchisee performance, changes in local or national
economic conditions, availability of financing, governmental approvals and other
risks detailed from time to time in the company's SEC reports.
Note to Editors: Contact Jean Golden (612-385-2324 or jean@goldenpublicity.com)
for interviews, photography and other requests.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Famous Dave's of America
CONTACT:Golden Publicity
Jean Golden
612-385-2324
jean@goldenpublicity.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
weeeeeeeeeeeeeeeeeeeeeeeee
DAVE is printing fresh, 2 year highs as I type, WEEEEEEEEEEEEEE!!!
Famous Dave's Legendary Pit Bar-B-Que(R) Continues Nationwide Expansion With
Openings in Orange, California and Lahaina, Hawaii
MINNEAPOLIS, Dec 1, 2010 (GlobeNewswire via COMTEX) -- Famous Dave's of America,
Inc. (DAVE) announced that it opened its two newest award-winning Bar-B-Que
restaurants in November, including Orange, California (2214 N Tustin Street,
Suite B/ 714-921-2536) and Lahaina, Hawaii (736 Front Street/ 808-661-1125).
"Famous Dave's is proud to announce the continued nationwide expansion of our
restaurants with the recent franchise store openings in Orange, California and
Lahaina, Hawaii. The Company now has 53 corporate locations and 130 franchise
units, bringing the total number of restaurants to 183. We are proud to be
partnering on our franchise locations with outstanding operators in the
restaurant and hospitality industry who have a proven track record of success and
whom we believe will be fantastic brand ambassadors, carrying out our mission of
serving the best BBQ with unbeatable hospitality," said Christopher O'Donnell,
President and CEO of Famous Dave's.
Open daily for lunch and dinner, Famous Dave's provides a hearty roundup of
hickory smoked meats and award-winning BBQ ribs in an environment that family and
friends can enjoy. Guests can dine in, order BBQ TO GO or have the restaurant
cater a party or company event.
Famous Dave's offers a hearty roundup of award-winning ribs, hickory smoked
meats, and other BBQ favorites, such as St. Louis-Style Ribs brushed with Rich &
Sassy(R) Sauce, Texas Beef Brisket, Georgia Chopped Pork, Country-Roasted
Chicken, Wilbur Beans, Creamy Coleslaw and Dave's Famous Bread Pudding. A Lil'
Wilbur Kid's Menu includes classic kid favorites, such as Macaroni & Cheese, and
Chicken Tenders.
For more information, including a full menu and other restaurant locations,
please visit http://www.famousdaves.com.
About Famous Dave's
Famous Dave's of America, Inc. (DAVE) develops, owns, operates and franchises
barbeque restaurants. As of today, the company owns 53 locations and franchises
130 additional units in 37 states. The menu features award-winning barbequed and
grilled meats, a large selection of salads, side items and sandwiches, and unique
desserts. Famous Dave's has won over 500 awards for everything from best ribs to
best Bar-B-Que sauce to best cookbook. For more information, please visit
http://www.famousdaves.com.
The Famous Dave's of America, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly historical, including but
not limited to statements regarding the timing of our restaurant openings and the
timing or success of our expansion plans, are forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks, which may cause the
company's actual results to differ materially from expected results. Although
Famous Dave's of America, Inc. believes the expectations reflected in any
forward-looking statements are based on reasonable assumptions, it can give no
assurance that its expectation will be attained. Factors that could cause actual
results to differ materially from Famous Dave's expectation include financial
performance, restaurant industry conditions, execution of restaurant development
and construction programs, franchisee performance, changes in local or national
economic conditions, availability of financing, governmental approvals and other
risks detailed from time to time in the company's SEC reports.
Note to Editors: Contact Jean Golden (612-385-2324 or jean@goldenpublicity.com)
for interviews, photography and other requests.
This news release was distributed by GlobeNewswire, http://www.globenewswire.com
SOURCE: Famous Dave's of America
CONTACT:Golden Publicity
Jean Golden
612-385-2324
jean@goldenpublicity.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Ate here the other day at the location just built in San Jose California. Good stuff, keeping a close eye on this one for sure.
Ummmmm.....DAVE only has a float of 7 million and average volume of 30,000 a day. Going to buy back 1 million of the float?????
I need more stock and more calls.
Oh, and more ribs. Lots more ribs. With extra Sweet & zesty + rich & sassy sauces mixed.
Famous Dave's Announces Additional One Million Share Repurchase Plan
MINNEAPOLIS, Nov. 8, 2010 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (Nasdaq:DAVE - News) today announced that its Board of Directors has authorized a stock repurchase plan whereby the Company may repurchase up to one million additional shares of its common stock. The shares may be repurchased from time-to-time in the open market or through privately negotiated transactions and will be funded from available working capital. The repurchase plan may be discontinued at any time at the discretion of the Company. Currently, the Company has approximately 8.4 million shares outstanding.
"Extending our stock repurchase program demonstrates our commitment to generating shareholder value and our confidence in the long-term growth potential of Famous Dave's," said Christopher O'Donnell, President and CEO of Famous Dave's.
About Famous Dave's
Famous Dave's of America, Inc. (Nasdaq:DAVE - News) develops, owns, operates and franchises barbeque restaurants. The company currently owns 53 locations and franchises 128 additional units in 36 states. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items and sandwiches, and unique desserts.
The Famous Dave's of America, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.
Contact:
Famous Dave's of America, Inc.Diana G. Purcel, Chief Financial Officer952-294-1300
I love to stuff my face with ribs at this place. They are to die for!
Famous Dave's Legendary Pit Bar-B-Que(R) Opens in Philadelphia, Pennsylvania, Showcasing New Design and Menu
MINNEAPOLIS, Nov. 4, 2010 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (Nasdaq:DAVE - News) announces it has opened its newest award-winning Bar-B-Que restaurant in Philadelphia, Pennsylvania, at 1725 Chestnut Street, Philadelphia, Pennsylvania. The November 1st opening marks the fourth Famous Dave's location in Pennsylvania, and the third in the city of Philadelphia.
At Famous Dave's Chestnut Street location, hosts greet guests at the door, and then guests order directly at the counter, having the option of dining at the restaurant or taking their order to go. The menu is focused on BBQ, as in other Famous Dave's locations, but with a few twists on the cuisine. The culinary team has developed new items, such as the appetizer BBQ Philly Cheese Chips and daily Bag Lunch Specials served in a bag with kettle fried potato chips and a 20 ounce soft drink. There are also creative desserts including fried bread pudding to top off a great meal.
"Famous Dave's award winning Bar-B-Que will provide tasty dining and catering options for residents and visitors of Philadelphia," said David Marks, Pit Masters, LLC, a franchisee of Famous Dave's. "We are excited to be in Center City Philadelphia. The new Chestnut Street Famous Dave's BBQ Shack will be very convenient for the residents, shoppers, and local work force nearby. We will feature authentic Slow Smoked BBQ as well as a BBQ Special Daily. "
"Philadelphia is rich with culture and historical landmarks. With great pride, Famous Dave's Bar-B-Que embarks on its third location within this wonderful city," said Christopher O'Donnell, President and CEO of Famous Dave's. "Due to the great response to date, we look forward to increasing our presence in the region."
Open Monday through Sunday from 11:00 a.m. to 11:00 p.m., guests can enjoy both lunch and dinner in the 6,800 square foot restaurant. Famous Dave's Bar-B-Que can also be ordered TO GO by calling (215) 563-7603. Catering for events and social gatherings of all sizes is available as well.
Famous Dave's offers a hearty roundup of award-winning ribs, hickory smoked meats, and other Bar-B-Que favorites, such as St. Louis-Style Ribs brushed with Rich & Sassy(R) Sauce, Texas Beef Brisket, Georgia Chopped Pork, Country-Roasted Chicken, Wilbur Beans, Creamy Coleslaw and Dave's Famous Bread Pudding. A Lil' Wilbur Kid's Menu includes classic kid favorites, such as Macaroni & Cheese, and Chicken Tenders.
Famous Dave's is located at 1725 Chestnut Street, Philadelphia, Pennsylvania, 19103 and can be reached at (215) 563-7603.
For more information, including a full menu and other restaurant locations, please visit www.famousdaves.com.
About Famous Dave's
Famous Dave's of America, Inc. (Nasdaq:DAVE - News) develops, owns, operates and franchises barbeque restaurants. As of today, the company owns 53 locations and franchises 128 additional units in 36 states. The menu features award-winning barbequed and grilled meats, a large selection of salads, side items and sandwiches, and unique desserts. Famous Dave's has won over 400 awards for everything from best ribs to best Bar-B-Que sauce to best cookbook. For more information, please visit www.famousdaves.com.
The Famous Dave's of America, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7726
Statements in this press release that are not strictly historical, including but not limited to statements regarding the timing of our restaurant openings and the timing or success of our expansion plans, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, which may cause the company's actual results to differ materially from expected results. Although Famous Dave's of America, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectation will be attained. Factors that could cause actual results to differ materially from Famous Dave's expectation include financial performance, restaurant industry conditions, execution of restaurant development and construction programs, franchisee performance, changes in local or national economic conditions, availability of financing, governmental approvals and other risks detailed from time to time in the company's SEC reports.
Note to Editors: Contact Jean Golden (612-385-2324 or jean@goldenpublicity.com) for interviews, photography and other requests.
Contact:
Golden PublicityJean Golden612-385-2324jean@goldenpublicity.com
5:00PM Famous Dave's beats by $0.02, beats on revs (DAVE) 10.09 +0.06 : Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.02 better than the Thomson Reuters consensus of $0.17; revenues rose 16.2% year/year to $38.7 mln vs the $37.2 mln consensus. During the fiscal 2010 third quarter, the company completed its share buyback authorization, and repurchased 239,040 shares of common stock, at an average price of $8.42 per share, excluding commissions, for a total of approximately $2.0 million. The company repurchased approximately 893,000 shares of common stock during the year-to-date period of 2010 at an average price of $7.76 per share, excluding commissions, for a total of $6.9 million.
Ate again at DAVE last night after eating really good ribs in Texas last Friday....
I must say, DAVE is comparable. Maybe even better.
DAVE -- target $20 to $30 IMO in 2011. Here's why:
(1) Decent growth, low PE, priced cheap for a company in the restaurant industry. I think DAVE sales and earnings will further improve rapidly as the economy recovers.
(2) Competitors have slashed prices and portions on their menu to attract business. DAVE has done little to none of that, refusing to cheapen their brand and image for the long run. This tells me that if operations are still going this well during tough times without discounting, they're going to really clean up as things improve and competitors raise their prices back to normal levels.
(3) I really like their unusually very high profit margins for a restaurant chain. I further like that they are expanding again, having announced new store openings coming including bringing them to Hawaii.
(4) In a recent article, the CEO was mentioned stating he's seeing stability in the economy, and that he "feels better about consumers' willingness to spend"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55370815
(5) DAVE has been aggressively buying back shares...
"During the first two quarters, we also used approximately $4.9 million to repurchase shares under our current share repurchase program. We repurchased approximately 654,000 shares, at an average price of $7.51, excluding commissions. As of today, we have repurchased 761,000 shares under our 1 million share authorization that was approved in August of 2008.Christopher will have a few closing comments, but at this point, we'd like to take your question."
http://seekingalpha.com/article/229272-famous-dave-s-of-america-ceo-discusses-f2q10-results-earnings-call-transcript?source=yahoo
Interesting. I calculate that for every 4 shares traded between July 1 and July 28, the company bought back and retired more than 1 share.
(6) I am highly addicted to their food and BBQ sauce. They are a relatively small chain, but I think they will be a giant chain some day. Tony Roma's is probably the most famous BBQ rib chain, and I think their food is disgusting. DAVE should destroy them. They continue to win awards for their recipe across the country:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=55371008
WOW! have to get some after JBII goes to 20!
Whats your target for the next year? 15 bucks?
Less now considering how much they keep buying back shares.
Only 8.6 million OS according to Yahoo...
DAVE -- fresh 2 year high again today.
Interesting. I calculate that for every 4 shares traded between July 1 and July 28, the company bought back and retired more than 1 share.
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