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Red Robin Gourmet Burgers Continues Washington Expansion With Opening of Renton Restaurant
Casual dining restaurant to donate 50 cents from every gourmet burger sold to the National Center for Missing & Exploited Children during opening week
GREENWOOD VILLAGE, Colo., April 4, 2008 /PRNewswire-FirstCall/ -- Red Robin Gourmet Burgers, Inc. (Red Robin) will open its 33rd Washington restaurant in Renton, located at 719 N. 10th Street, off exit 5 on I-405 West in the Renton Landing Shopping Center, on Monday, April 14, at 11 a.m. Red Robin serves high-quality gourmet burgers, appetizers, entrees, salads and beverages in a kid- and family-friendly atmosphere. As part of its grand opening celebrations, the Renton Red Robin(R) restaurant will host a Burgers With A Heart(R) fundraiser to benefit the National Center for Missing & Exploited Children (NCMEC).
Through Burgers With a Heart(R), Red Robin will donate 50 cents from every gourmet burger sold to NCMEC during grand-opening week from April 14 to 20. NCMEC is a non-profit organization whose mission is to help prevent child abduction and sexual exploitation; help find missing children; and assist victims of child abduction and sexual exploitation, their families, and the professionals who serve them. The money raised will help bring prevention education to children nationwide.
'On behalf of the National Center for Missing & Exploited Children, I would like to thank Red Robin for their generous support of our mission,' said Robbie Callaway, NCMEC co-founder and past Chairman of the Board. 'It is important that we empower families to make safer decisions for their children, and communication and education are vital tools in that effort. With Red Robin's support, we are able to reach many more families across the country with our messages of child safety.'
'We are thrilled to be expanding the Red Robin family of restaurants in Washington, while also supporting such a wonderful family-oriented cause,' said Eric Houseman, Red Robin president and chief operating officer. 'We invite everyone to come to Red Robin and enjoy one of our more than two dozen high-quality gourmet burgers to support the National Center for Missing & Exploited Children as we open our newest restaurant in Renton.'
Red Robin focuses its philanthropic support on local and national causes that promote the health, welfare and education of children, families and citizens in the communities it serves. Because Red Robin is all about kids and families, its ongoing partnership with NCMEC has continued to grow through the company's new restaurant openings and additional programs such as 'The Next Gourmet Burger Kids' Recipe Contest' since 2006.
The 6,128-square-foot Renton Red Robin(R) restaurant will seat 198 guests. Red Robin has 32 additional restaurants in Washington, including three in Seattle and Spokane, two in Bellevue, Vancouver and Redmond and one each in Lynnwood, Auburn, Bellingham, Des Moines, Everett, Federal Way, Issaquah, Kennewick, Kent, Marysville, Monroe, Olympia, Puyallup, Silverdale, Burlington, Tukwila, Tacoma, Wenatchee, Woodinville and Yakima.
For more information about Red Robin and to find additional restaurant locations, please visit http://www.redrobin.com.
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (http://www.redrobin.com), a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., serves up wholesome, fun, feel-good experiences in a kid- and family-friendly environment. Red Robin(R) restaurants are famous for serving more than two dozen insanely delicious, high-quality gourmet burgers in a variety of recipes with Bottomless Steak Fries(R), as well as salads, soups, appetizers, entrees, desserts, and signature Mad Mixology(R) Beverages. There are more than 380 Red Robin(R) restaurants located across the United States and Canada, including corporate-owned locations and those operating under franchise agreements.
About the National Center for Missing & Exploited Children(R) (NCMEC)
NCMEC is a 501(c)(3) nonprofit organization dedicated to helping protect children from abduction and sexual exploitation. NCMEC's congressionally mandated CyberTipline, a reporting mechanism for child sexual exploitation, has handled more than 570,000 leads. Since its establishment in 1984, NCMEC has assisted law enforcement with more than 138,400 missing child cases, resulting in the recovery of more than 121,500 children. For more information about NCMEC, call its toll-free, 24-hour hotline at 1-800-THE-LOST or visit http://www.missingkids.com.
SOURCE Red Robin Gourmet Burgers, Inc.
Red Robin Gourmet Burgers Continues Washington Expansion With Opening of Renton Restaurant
Casual dining restaurant to donate 50 cents from every gourmet burger sold to the National Center for Missing & Exploited Children during opening week
GREENWOOD VILLAGE, Colo., April 4, 2008 /PRNewswire-FirstCall/ -- Red Robin Gourmet Burgers, Inc. (Red Robin) will open its 33rd Washington restaurant in Renton, located at 719 N. 10th Street, off exit 5 on I-405 West in the Renton Landing Shopping Center, on Monday, April 14, at 11 a.m. Red Robin serves high-quality gourmet burgers, appetizers, entrees, salads and beverages in a kid- and family-friendly atmosphere. As part of its grand opening celebrations, the Renton Red Robin(R) restaurant will host a Burgers With A Heart(R) fundraiser to benefit the National Center for Missing & Exploited Children (NCMEC).
Through Burgers With a Heart(R), Red Robin will donate 50 cents from every gourmet burger sold to NCMEC during grand-opening week from April 14 to 20. NCMEC is a non-profit organization whose mission is to help prevent child abduction and sexual exploitation; help find missing children; and assist victims of child abduction and sexual exploitation, their families, and the professionals who serve them. The money raised will help bring prevention education to children nationwide.
'On behalf of the National Center for Missing & Exploited Children, I would like to thank Red Robin for their generous support of our mission,' said Robbie Callaway, NCMEC co-founder and past Chairman of the Board. 'It is important that we empower families to make safer decisions for their children, and communication and education are vital tools in that effort. With Red Robin's support, we are able to reach many more families across the country with our messages of child safety.'
'We are thrilled to be expanding the Red Robin family of restaurants in Washington, while also supporting such a wonderful family-oriented cause,' said Eric Houseman, Red Robin president and chief operating officer. 'We invite everyone to come to Red Robin and enjoy one of our more than two dozen high-quality gourmet burgers to support the National Center for Missing & Exploited Children as we open our newest restaurant in Renton.'
Red Robin focuses its philanthropic support on local and national causes that promote the health, welfare and education of children, families and citizens in the communities it serves. Because Red Robin is all about kids and families, its ongoing partnership with NCMEC has continued to grow through the company's new restaurant openings and additional programs such as 'The Next Gourmet Burger Kids' Recipe Contest' since 2006.
The 6,128-square-foot Renton Red Robin(R) restaurant will seat 198 guests. Red Robin has 32 additional restaurants in Washington, including three in Seattle and Spokane, two in Bellevue, Vancouver and Redmond and one each in Lynnwood, Auburn, Bellingham, Des Moines, Everett, Federal Way, Issaquah, Kennewick, Kent, Marysville, Monroe, Olympia, Puyallup, Silverdale, Burlington, Tukwila, Tacoma, Wenatchee, Woodinville and Yakima.
For more information about Red Robin and to find additional restaurant locations, please visit http://www.redrobin.com.
About Red Robin Gourmet Burgers, Inc. (NASDAQ: RRGB)
Red Robin Gourmet Burgers, Inc. (http://www.redrobin.com), a casual dining restaurant chain founded in 1969 that operates through its wholly-owned subsidiary, Red Robin International, Inc., serves up wholesome, fun, feel-good experiences in a kid- and family-friendly environment. Red Robin(R) restaurants are famous for serving more than two dozen insanely delicious, high-quality gourmet burgers in a variety of recipes with Bottomless Steak Fries(R), as well as salads, soups, appetizers, entrees, desserts, and signature Mad Mixology(R) Beverages. There are more than 380 Red Robin(R) restaurants located across the United States and Canada, including corporate-owned locations and those operating under franchise agreements.
About the National Center for Missing & Exploited Children(R) (NCMEC)
NCMEC is a 501(c)(3) nonprofit organization dedicated to helping protect children from abduction and sexual exploitation. NCMEC's congressionally mandated CyberTipline, a reporting mechanism for child sexual exploitation, has handled more than 570,000 leads. Since its establishment in 1984, NCMEC has assisted law enforcement with more than 138,400 missing child cases, resulting in the recovery of more than 121,500 children. For more information about NCMEC, call its toll-free, 24-hour hotline at 1-800-THE-LOST or visit http://www.missingkids.com.
SOURCE Red Robin Gourmet Burgers, Inc.
Kona Grill Reports Fourth Quarter and Full Year 2007 Results
Fourth Quarter Revenues Increase 21.9%; Diluted EPS of ($0.14)
Company Issues 2008 Guidance
Kona Grill, Inc. (Nasdaq: KONA), an American grill and sushi bar, today reported results for its fourth quarter and full year ended December 31, 2007.
Highlights for the fourth quarter of 2007 include:
Opened restaurants in Stamford, CT and Baton Rouge, LA bringing total to 18
Revenue increased 21.9% to $18.1 million
Same-store sales decreased 0.8%
Restaurant operating profit increased 20.7% to $3.3 million
Net loss of ($0.9) million, or ($0.14) per diluted share
Highlights for the full year of 2007 include:
Opened four new restaurants, resulting in 29% unit growth
Revenue increased 42.5% to $72.3 million
Same-store sales increased 2.7%
Restaurant operating profit increased 39.9% to $14.2 million
Net loss of ($0.7) million, or ($0.11) per diluted share
“Fourth quarter 2007 results reflect slightly weaker volumes than we had anticipated, as traffic slowed during the historically strong holiday season. On a full year basis, we continued to demonstrate the strength of the Kona Grill brand by adding four restaurants to our portfolio and by upholding industry-leading operating profit margins, despite well-known food and labor cost pressures. Looking ahead, our guidance reflects the current development schedule and its projected impact on our financial results, as well as a cautious outlook on consumer spending. Although the macro environment remains challenging, we believe our differentiated and affordable dining experience positions us well within the upscale casual dining sector,” said Marcus E. Jundt, Chief Executive Officer and President of Kona Grill.
Fourth Quarter Financial Results
As previously announced, revenue increased 21.9% to $18.1 million during the fourth quarter of 2007 from $14.8 million in the same period last year. The growth in revenue is attributable to additional revenue from six restaurants opened since October 2006, offset by a 0.8% decrease in same-store sales, primarily caused by lower sales volumes at two restaurants located in Arizona and one restaurant in Nevada.
Average weekly sales for the nine restaurants in the comparable base were $90,039 during the fourth quarter of 2007, compared to $90,791 in the prior year period. Average weekly sales for restaurants not in the comparable base that were open for the entire fourth quarter of 2007 were $73,753, versus $77,300 last year, a 4.6% decrease.
Net loss for the fourth quarter of 2007 was ($0.9) million, or ($0.14) per diluted share, based upon 6.3 million diluted shares, versus net loss of ($1.1) million, or ($0.19) per diluted share for the same period last year, based upon 5.8 million diluted shares.
Full Year 2007 Financial Results
Revenue increased 42.5% to $72.3 million during 2007 from $50.7 million last year, primarily as a result of $20.3 million in additional revenue associated with the opening of nine restaurants since the second quarter of 2006, as well as a 2.7% increase in same-store sales.
Net loss for the year ended December 31, 2007 was ($0.7) million, or ($0.11) per diluted share, based upon 6.0 million diluted shares. This compares to a net loss of ($2.7) million, or ($0.47) per diluted share, based upon 5.8 million diluted shares, in the prior year.
Financial Guidance
For the first quarter of 2008, the Company expects revenue of $18.5 million to $19.0 million and a net loss of ($0.4) million to ($0.7) million, or a net loss per diluted share of ($0.06) to ($0.11).
For fiscal year 2008, the Company expects revenue of $86 million to $90 million and a net loss of $($0.8) million to ($1.8) million, or ($0.12) to ($0.27) per diluted share. The Company anticipates opening five new restaurants in 2008, including two in the second quarter, one in the third quarter, and two in the fourth quarter. The 2008 development schedule includes the previously announced restaurants in Gilbert, AZ; West Palm Beach, FL; Phoenix, AZ and two additional units to be announced later.
Conference Call
The Company will host a conference call to discuss fourth quarter 2007 financial results today at 8:30 AM ET. The call will be webcast live from the Company's website at www.konagrill.com under the investor relations section. Listeners may also access the call by dialing 1-800-753-0420 or 1-913-312-1460 for international callers. A replay of the call will be available until Thursday, February 21, 2008, by dialing 1-888-203-1112 or 1-719-457-0820 for international callers; the password is 4277159.
About Kona Grill
Kona Grill owns and operates restaurants in Scottsdale and Chandler, AZ; Denver, CO; Stamford, CT; Naples, FL; Lincolnshire and Oak Brook, IL; Carmel, IN; Baton Rouge, LA; Troy, MI; Kansas City, MO; Omaha, NE; Las Vegas, NV; Austin, Dallas, Houston, San Antonio, and Sugar Land (Houston), TX. Kona Grill restaurants offer freshly prepared food, personalized service, and a warm, contemporary ambiance that creates an exceptional, yet affordable, dining experience. Kona Grill restaurants serve a diverse selection of mainstream American dishes as well as a variety of appetizers and entrees with an international influence. Each restaurant also features an extensive sushi menu and sushi bar.
Kona Grill Reports Fourth Quarter and Full Year 2007 Results
Fourth Quarter Revenues Increase 21.9%; Diluted EPS of ($0.14)
Company Issues 2008 Guidance
Kona Grill, Inc. (Nasdaq: KONA), an American grill and sushi bar, today reported results for its fourth quarter and full year ended December 31, 2007.
Highlights for the fourth quarter of 2007 include:
Opened restaurants in Stamford, CT and Baton Rouge, LA bringing total to 18
Revenue increased 21.9% to $18.1 million
Same-store sales decreased 0.8%
Restaurant operating profit increased 20.7% to $3.3 million
Net loss of ($0.9) million, or ($0.14) per diluted share
Highlights for the full year of 2007 include:
Opened four new restaurants, resulting in 29% unit growth
Revenue increased 42.5% to $72.3 million
Same-store sales increased 2.7%
Restaurant operating profit increased 39.9% to $14.2 million
Net loss of ($0.7) million, or ($0.11) per diluted share
“Fourth quarter 2007 results reflect slightly weaker volumes than we had anticipated, as traffic slowed during the historically strong holiday season. On a full year basis, we continued to demonstrate the strength of the Kona Grill brand by adding four restaurants to our portfolio and by upholding industry-leading operating profit margins, despite well-known food and labor cost pressures. Looking ahead, our guidance reflects the current development schedule and its projected impact on our financial results, as well as a cautious outlook on consumer spending. Although the macro environment remains challenging, we believe our differentiated and affordable dining experience positions us well within the upscale casual dining sector,” said Marcus E. Jundt, Chief Executive Officer and President of Kona Grill.
Fourth Quarter Financial Results
As previously announced, revenue increased 21.9% to $18.1 million during the fourth quarter of 2007 from $14.8 million in the same period last year. The growth in revenue is attributable to additional revenue from six restaurants opened since October 2006, offset by a 0.8% decrease in same-store sales, primarily caused by lower sales volumes at two restaurants located in Arizona and one restaurant in Nevada.
Average weekly sales for the nine restaurants in the comparable base were $90,039 during the fourth quarter of 2007, compared to $90,791 in the prior year period. Average weekly sales for restaurants not in the comparable base that were open for the entire fourth quarter of 2007 were $73,753, versus $77,300 last year, a 4.6% decrease.
Net loss for the fourth quarter of 2007 was ($0.9) million, or ($0.14) per diluted share, based upon 6.3 million diluted shares, versus net loss of ($1.1) million, or ($0.19) per diluted share for the same period last year, based upon 5.8 million diluted shares.
Full Year 2007 Financial Results
Revenue increased 42.5% to $72.3 million during 2007 from $50.7 million last year, primarily as a result of $20.3 million in additional revenue associated with the opening of nine restaurants since the second quarter of 2006, as well as a 2.7% increase in same-store sales.
Net loss for the year ended December 31, 2007 was ($0.7) million, or ($0.11) per diluted share, based upon 6.0 million diluted shares. This compares to a net loss of ($2.7) million, or ($0.47) per diluted share, based upon 5.8 million diluted shares, in the prior year.
Financial Guidance
For the first quarter of 2008, the Company expects revenue of $18.5 million to $19.0 million and a net loss of ($0.4) million to ($0.7) million, or a net loss per diluted share of ($0.06) to ($0.11).
For fiscal year 2008, the Company expects revenue of $86 million to $90 million and a net loss of $($0.8) million to ($1.8) million, or ($0.12) to ($0.27) per diluted share. The Company anticipates opening five new restaurants in 2008, including two in the second quarter, one in the third quarter, and two in the fourth quarter. The 2008 development schedule includes the previously announced restaurants in Gilbert, AZ; West Palm Beach, FL; Phoenix, AZ and two additional units to be announced later.
Conference Call
The Company will host a conference call to discuss fourth quarter 2007 financial results today at 8:30 AM ET. The call will be webcast live from the Company's website at www.konagrill.com under the investor relations section. Listeners may also access the call by dialing 1-800-753-0420 or 1-913-312-1460 for international callers. A replay of the call will be available until Thursday, February 21, 2008, by dialing 1-888-203-1112 or 1-719-457-0820 for international callers; the password is 4277159.
About Kona Grill
Kona Grill owns and operates restaurants in Scottsdale and Chandler, AZ; Denver, CO; Stamford, CT; Naples, FL; Lincolnshire and Oak Brook, IL; Carmel, IN; Baton Rouge, LA; Troy, MI; Kansas City, MO; Omaha, NE; Las Vegas, NV; Austin, Dallas, Houston, San Antonio, and Sugar Land (Houston), TX. Kona Grill restaurants offer freshly prepared food, personalized service, and a warm, contemporary ambiance that creates an exceptional, yet affordable, dining experience. Kona Grill restaurants serve a diverse selection of mainstream American dishes as well as a variety of appetizers and entrees with an international influence. Each restaurant also features an extensive sushi menu and sushi bar.
Shareholder Class Action Filed Against Darden Restaurants, Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
RADNOR, Pa., April 4, 2008 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Middle District of Florida, Orlando Division, on behalf of all purchasers of securities of Darden Restaurants, Inc. (NYSE: DRI) ('Darden' or the 'Company') between June 19, 2007 and December 18, 2007, inclusive (the 'Class Period').
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com.
The Complaint charges Darden and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Darden owns and operates nearly 1,400 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones, Capital Grille, Longhorn Steakhouse and Seasons 52 restaurants.
The Complaint alleges that, throughout the Class Period, defendants failed to disclose material adverse facts about the Company's financial well-being, and prospects. Specifically, defendants failed to disclose or indicate the following: (1) that the Company's food costs were rising at a higher rate than the Company admitted; (2) that same-store sales at the Company's restaurants were experiencing negative trends; (3) that the Company's restaurants were underperforming; (4) that the Company lacked adequate internal and financial controls; and (4) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis when made.
On December 18, 2007, the Company shocked investors when it announced that its earnings for the quarter fell below expectations. Further, the Company announced that it expected diluted net earnings per share in 2008 to be 2% to 4%, in stark contrast to the 10% to 12% projection the Company gave in August 2007. Upon the release of this news, the Company's shares declined $7.74 per share, or 21.3 percent, to close on December 19, 2007 at $28.60 per share, on unusually heavy trading volume.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.
For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit http://www.sbtklaw.com
If you are a member of the class described above, you may, not later than May 12, 2008, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
CONTACT: Schiffrin Barroway Topaz & Kessler, LLP
Darren J. Check, Esq.
Richard A. Maniskas, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@sbtklaw.com
SOURCE Schiffrin Barroway Topaz & Kessler, LLP
Source: PR Newswire (April 4, 2008 - 6:30 PM EDT
Famous Dave's First Quarter 2008 Earnings Release and Conference Call
Famous Dave's of America, Inc. (NASDAQ: DAVE) will announce its First Quarter 2008 earnings after market close April 23, 2008. The company is hosting a conference call, April 24, 2008, at 10:00 a.m., Central Time, to discuss its first quarter 2008 financial results. There will be a live web-cast of the discussion through the Investor Relations section of Famous Dave’s web site at www.famousdaves.com.
A replay will be available for one week following the call by dialing (800) 642-1687; Conference ID “41657472”.
Famous Dave's of America, Inc. (NASDAQ: DAVE) develops, owns, operates and franchises barbeque restaurants. As of March 30, 2008, the company owned 45 locations and franchised 123 additional units in 35 states, and had signed development agreements for an additional 141 franchise locations. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items sandwiches, and unique desserts.
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.
Famous Dave's of America, Inc.
Diana G. Purcel, 952-294-1300
Chief Financial Officer
Famous Dave's First Quarter 2008 Earnings Release and Conference Call
Famous Dave's of America, Inc. (NASDAQ: DAVE) will announce its First Quarter 2008 earnings after market close April 23, 2008. The company is hosting a conference call, April 24, 2008, at 10:00 a.m., Central Time, to discuss its first quarter 2008 financial results. There will be a live web-cast of the discussion through the Investor Relations section of Famous Dave’s web site at www.famousdaves.com.
A replay will be available for one week following the call by dialing (800) 642-1687; Conference ID “41657472”.
Famous Dave's of America, Inc. (NASDAQ: DAVE) develops, owns, operates and franchises barbeque restaurants. As of March 30, 2008, the company owned 45 locations and franchised 123 additional units in 35 states, and had signed development agreements for an additional 141 franchise locations. Its menu features award-winning barbequed and grilled meats, an ample selection of salads, side items sandwiches, and unique desserts.
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.
Famous Dave's of America, Inc.
Diana G. Purcel, 952-294-1300
Chief Financial Officer
Shareholder Class Action Filed Against Darden Restaurants, Inc. by the Law Firm of Schiffrin Barroway Topaz & Kessler, LLP
RADNOR, Pa., April 4, 2008 /PRNewswire/ -- The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP:
Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Middle District of Florida, Orlando Division, on behalf of all purchasers of securities of Darden Restaurants, Inc. (NYSE: DRI) ('Darden' or the 'Company') between June 19, 2007 and December 18, 2007, inclusive (the 'Class Period').
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin Barroway Topaz & Kessler, LLP (Darren J. Check, Esq. or Richard A. Maniskas, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbtklaw.com.
The Complaint charges Darden and certain of its officers and directors with violations of the Securities Exchange Act of 1934. Darden owns and operates nearly 1,400 Red Lobster, Olive Garden, Bahama Breeze, Smokey Bones, Capital Grille, Longhorn Steakhouse and Seasons 52 restaurants.
The Complaint alleges that, throughout the Class Period, defendants failed to disclose material adverse facts about the Company's financial well-being, and prospects. Specifically, defendants failed to disclose or indicate the following: (1) that the Company's food costs were rising at a higher rate than the Company admitted; (2) that same-store sales at the Company's restaurants were experiencing negative trends; (3) that the Company's restaurants were underperforming; (4) that the Company lacked adequate internal and financial controls; and (4) that, as a result of the foregoing, the Company's statements about its financial well-being and future business prospects were lacking in any reasonable basis when made.
On December 18, 2007, the Company shocked investors when it announced that its earnings for the quarter fell below expectations. Further, the Company announced that it expected diluted net earnings per share in 2008 to be 2% to 4%, in stark contrast to the 10% to 12% projection the Company gave in August 2007. Upon the release of this news, the Company's shares declined $7.74 per share, or 21.3 percent, to close on December 19, 2007 at $28.60 per share, on unusually heavy trading volume.
Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin Barroway Topaz & Kessler which prosecutes class actions in both state and federal courts throughout the country. Schiffrin Barroway Topaz & Kessler is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.
For more information about Schiffrin Barroway Topaz & Kessler or to sign up to participate in this action online, please visit http://www.sbtklaw.com
If you are a member of the class described above, you may, not later than May 12, 2008, move the Court to serve as lead plaintiff of the class, if you so choose. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
CONTACT: Schiffrin Barroway Topaz & Kessler, LLP
Darren J. Check, Esq.
Richard A. Maniskas, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706
Or by e-mail at info@sbtklaw.com
SOURCE Schiffrin Barroway Topaz & Kessler, LLP
Source: PR Newswire (April 4, 2008 - 6:30 PM EDT
What are you yalking about? All I said was lots of volume today....Thats it!
You don't think there were a lot of shares traded today?
Lots of shares traded today...
It scares the shit out of me knowing these people live on my planet....
Oh.....
Both 80 and 100....
Why isn't this letting me buy more at $2.30?????
Where is it?
Well it is a great picture...
Put me in that picture!!!
Sick.....Just sick!
I think the people that are not happy should hit the exits...
As a matter of fact it has changed in the last 30 - 60 days...
http://investorshub.advfn.com/boards/read_msg.asp?Message_id=26423778&txt2find=verified
Statement by the Family of Charlton Heston
Saturday April 5, 11:24 pm ET
BEVERLY HILLS, Calif., April 5, 2008 /PRNewswire/ -- Legendary actor, civil rights leader and political activist Charlton Heston passed away today, at the age of 84. He died at his home with Lydia, his wife of 64 years, at his side. Mr. Heston was loved by his two children, Fraser Clarke Heston and Holly Heston Rochell, and his three grandchildren, Jack Alexander Heston, Ridley Rochell and Charlie Rochell.
The Heston family issued the following statement:
"To his loving friends, colleagues and fans, we appreciate your heartfelt prayers and support. Charlton Heston was seen by the world as larger than life. He was known for his chiseled jaw, broad shoulders and resonating voice, and, of course, for the roles he played. Indeed, he committed himself to every role with passion, and pursued every cause with unmatched enthusiasm and integrity.
We knew him as an adoring husband, a kind and devoted father, and a gentle grandfather, with an infectious sense of humor. He served these far greater roles with tremendous faith, courage and dignity. He loved deeply, and he was deeply loved.
No one could ask for a fuller life than his. No man could have given more to his family, to his profession, and to his country. In his own words, "I have lived such a wonderful life! I've lived enough for two people."
A private memorial service will be held. The family has requested that, in lieu of flowers, donations be made to the Motion Picture and Television Fund:
MPTF
22212 Ventura Boulevard, Suite 300
Woodland Hills, CA 91364
www.mptvfund.org
Statement by the Family of Charlton Heston
Saturday April 5, 11:24 pm ET
BEVERLY HILLS, Calif., April 5, 2008 /PRNewswire/ -- Legendary actor, civil rights leader and political activist Charlton Heston passed away today, at the age of 84. He died at his home with Lydia, his wife of 64 years, at his side. Mr. Heston was loved by his two children, Fraser Clarke Heston and Holly Heston Rochell, and his three grandchildren, Jack Alexander Heston, Ridley Rochell and Charlie Rochell.
The Heston family issued the following statement:
"To his loving friends, colleagues and fans, we appreciate your heartfelt prayers and support. Charlton Heston was seen by the world as larger than life. He was known for his chiseled jaw, broad shoulders and resonating voice, and, of course, for the roles he played. Indeed, he committed himself to every role with passion, and pursued every cause with unmatched enthusiasm and integrity.
We knew him as an adoring husband, a kind and devoted father, and a gentle grandfather, with an infectious sense of humor. He served these far greater roles with tremendous faith, courage and dignity. He loved deeply, and he was deeply loved.
No one could ask for a fuller life than his. No man could have given more to his family, to his profession, and to his country. In his own words, "I have lived such a wonderful life! I've lived enough for two people."
A private memorial service will be held. The family has requested that, in lieu of flowers, donations be made to the Motion Picture and Television Fund:
MPTF
22212 Ventura Boulevard, Suite 300
Woodland Hills, CA 91364
www.mptvfund.org
Statement by the Family of Charlton Heston
Saturday April 5, 11:24 pm ET
BEVERLY HILLS, Calif., April 5, 2008 /PRNewswire/ -- Legendary actor, civil rights leader and political activist Charlton Heston passed away today, at the age of 84. He died at his home with Lydia, his wife of 64 years, at his side. Mr. Heston was loved by his two children, Fraser Clarke Heston and Holly Heston Rochell, and his three grandchildren, Jack Alexander Heston, Ridley Rochell and Charlie Rochell.
The Heston family issued the following statement:
"To his loving friends, colleagues and fans, we appreciate your heartfelt prayers and support. Charlton Heston was seen by the world as larger than life. He was known for his chiseled jaw, broad shoulders and resonating voice, and, of course, for the roles he played. Indeed, he committed himself to every role with passion, and pursued every cause with unmatched enthusiasm and integrity.
We knew him as an adoring husband, a kind and devoted father, and a gentle grandfather, with an infectious sense of humor. He served these far greater roles with tremendous faith, courage and dignity. He loved deeply, and he was deeply loved.
No one could ask for a fuller life than his. No man could have given more to his family, to his profession, and to his country. In his own words, "I have lived such a wonderful life! I've lived enough for two people."
A private memorial service will be held. The family has requested that, in lieu of flowers, donations be made to the Motion Picture and Television Fund:
MPTF
22212 Ventura Boulevard, Suite 300
Woodland Hills, CA 91364
www.mptvfund.org
Who is the "basher" and how do you know of this?
Who is the "basher" and how does this guy have this information?
Yum!
I will as soon as I dump the rest of my shares....But at this rate I could be here a while.
Why yes I am.... Consider it done. Regular season record I presume?
Here here.....
LMAOAY....I wouldn't buy anymore of this with your money let alone mine...
A guy says hello to you once a month and look where it gets him...
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28205905
Once a Dodger always a bum...
Don't hate the player....Hate the game!
They are.
No.
Well unless they want to pony up their own money I think we can all see where the money will come from. This is just the nature of the pinks. I have nothing against BDRR it's just how it works down here...