Tag: Texas Roadhouse

Latest Headlines

Saturday night dive: a bad one for Pizza Hut, after a good one for Roadhouse; and Jack Daniel’s reveals a hard truth

A news summary, focused on 10 big employers; updated 6:36 p.m

7247dc22-3b1f-11e6-8046-da06d5a386de-780x520
In an undated photo, Jack Daniel — center, in white hat — and to the left, a man who could be a son of Nearis Green, a slave who taught Daniel how to make whiskey.

PIZZA HUT: In Memphis, police are investigating why an officer shot and critically wounded a suspect around 11:10 last night in front of a Pizza Hut, after a caller reported two men were robbing a driver there. One suspect was shot and taken to the Regional Medical Center in critical condition. The second suspect fled; it’s unknown if he was also hit (Commercial Appeal).

In Ohio, Harrison Township deputies were investigating a break-in at a Pizza Hut early this morning; reports indicate a cash register from the business was located by deputies, but it wasn’t immediately clear whether burglars were able to get away with anything (WHIO).

And in northern Delaware yesterday, two armed men confronted a male clerk closing a Pizza Hut in Bear at 1 a.m., demanding cash from the register. The clerk complied and turned over an undisclosed amount. The suspects then fled the store; no injuries were reported (Delaware Online). BTW: Yelp reviewers don’t like the Bear restaurant one bit.

BROWN-FORMAN‘s Jack Daniel’s unit is using its 150 anniversary celebrations this year to talk candidly about its history: the founder learned his craft from a slave named Nearis Green. “This version of the story was never a secret,” The New York Times says today, “but it is one that the distillery has only recently begun to embrace, tentatively, in some of its tours, and in a social media and marketing campaign this summer” (New York Times).

TEXAS ROADHOUSE‘s new restaurant in Roanoke, Va., drew 350 diners when it opened last week for the first time. But managing partner Eric Grow wasn’t surprised in the least, “even though there was very little spectacle at the opening — no formal ribbon cutting or announcement,” says the Roanoke Times. “A few weeks ago he began switching on the building’s LED lights. The first night he did this, he estimates the restaurant got more than a hundred calls asking if it was open yet” (Roanoke Times).

Cops and Courts

In these Papa John’s holdups, ‘it sounds like they got out of control with their addiction and spending’

The latest crime news across the world of 48,000 restaurants.*

Crime scene tapeSalt Lake City police arrested a man Thursday on suspicion of robbing “several” Papa John’s restaurants just outside the Utah city during a robbery spree this month involving as many as 20 businesses.

At first, Mathew Kuepper, 32, was robbing businesses about once daily, said Unified Police Lt. Lex Bell. But over the last week, police believe Kuepper was committing two or even three robberies a day to support his addiction to heroin and crack cocaine. His ex-wife, Kellie Kuepper, 31, was also arrested in connection with the alleged armed robberies.

Kellie and Matthew Kuepper_edited-1
Kellie and Matthew Kuepper.

“It sounds like they got out of control with their addiction and spending,” Bell said. Police say Mathew Kuepper displayed a firearm during each robbery. But he told detectives after his arrest that he used a “plastic toy that looked realistic,” according to the Deseret News.

Texas Roadhouse

In Paducah, police arrested 34-year-old Anthony Davis on suspicion of assaulting a Texas Roadhouse employee with a beer mug two weeks ago.

The victim told police he was walking through the restaurant when Davis hit him with the mug and kept hitting him until restaurant patrons pulled him away. The employee’s face was cut, there were cuts inside his mouth, and one of his teeth was knocked out, according to police cited by WPSD.

* Yum has 43,000 KFCs, Pizza Huts and Taco Bells in nearly 140 countries; Papa John’s has 4,900 in 37 countries, and Texas Roadhouse has 485 restaurants in five countries. With that many locations, crimes inevitably will occur — with potentially serious legal consequences for the companies.

Latest Headlines

DOW PLUNGES 589 POINTS IN GLOBAL ROUT, AS INVESTORS REEL FROM BREXIT VOTE; FORD DIVES 7%; YUM, OTHER LOUISVILLE STOCKS SLAMMED

A news summary, focused on 10 big employers; updated 5:21 p.m.

Traders at exchange
Anxious traders at the New York Stock Exchange today (New York Times).

The Dow Jones Industrial Average cratered 3.3% this afternoon, tumbling 589 points and wiping out its year-to-date gains as fears gripped markets with Britain’s stunning vote to  leave the E.U. The broader S&P 500 tumbled 3% and the Nasdaq slumped 3.8%. Latest news.

All 10 big-employer stocks tracked by Boulevard fell sharply:

To fully appreciate the magnitude of the losses, consider Kentucky’s richest family, the Browns of Brown-Forman. They saw $201 million of their more than $6 billion in paper wealth evaporate in a matter of hours.

WSJ-1
This morning’s paper.

The impact of last night’s stunning Brexit news for Louisville employers will be greatest for those with extensive overseas footprints and currency exposure.

They include Brown-Forman, which sells 15 brands such as Jack Daniel’s in 160 countries worldwide. The U.K. is the company’s second-biggest market, accounting for 10% of fiscal 2016 sales, according to Brown-Forman’s annual report. Europe, excluding the U.K., was 21%. The U.S. is No. 1, with 46%. The company says foreign markets are increasingly important: “In fiscal 2016, we generated 54% of our net sales outside the United States compared to 41% 10 years ago.”

Other companies likely taking post-Brexit hits include Papa John’s, which operates in 39 countries; Yum in 130 countries and now reshaping overseas operations with a planned China spinoff in October; Ford, which is already reworking its European sales strategy, and Amazon, a relative newcomer abroad.

Boulevard’s Stock Portfolio companies routinely warn investors about risks of doing business outside the U.S. Papa John’s, for one, noted in its annual report that “international operations could be negatively impacted by changes in international economic, political, security or health conditions in the countries in which the company or our franchisees operate.”

Yum’s 14,600-unit KFC Division bears the biggest overseas exposure; it’s in 120 countries, with more than a third — 5,003 restaurants — in China.

uk_tg
Britain’s Guardian.

“Our business,” Yum says in its annual report, “is increasingly exposed to risks inherent in international operations. These risks, which can vary substantially by country, include political instability, corruption, social and ethnic unrest, changes in economic conditions .  . .  as well as changes in the laws and policies that govern foreign investment in countries where our restaurants are operated.”

Also, Yum warns, “results of operations and the value of our foreign assets are affected by fluctuations in currency exchange rates, which may adversely affect reported earnings.”

Boulevard’s Big 10 companies employ 63,000 workers in the Louisville area, and nearly 2 million worldwide.

In non-Brexit news; updated 5:38 p.m.: Continue reading “DOW PLUNGES 589 POINTS IN GLOBAL ROUT, AS INVESTORS REEL FROM BREXIT VOTE; FORD DIVES 7%; YUM, OTHER LOUISVILLE STOCKS SLAMMED” →

Latest Headlines

FAA drone rules buzz Amazon; KFC launches smartphone charging gadget, and McD paces Yum with $3B China bids

A news summary, focused on 10 big employers; updated 4:36 p.m.

AMAZON‘s plans to use drones for delivery were slowed yesterday when the Obama Administration released new rules limiting their use, including over urban areas. The Federal Aviation Administration said commercial drones are OK so long as the drone and its payload weigh less than 55 lbs., stays within unaided sight of their pilot, and operators pass a test every two years. In addition, each drone must have its own pilot (Guardian). Also yesterday, Amazon said it’s expanding grocery delivery service to Boston (Boston Inno). The retail giant employs 6,000 employees in the Louisville area, and thousands more across the state.

KFC: In India, the fast-chicken giant has introduced its latest mobile technology to lure younger diners: Watt a Box, a 5-in-1 meal box that comes with a Chicken Zinger, two hot wings, hash browns, a chocolate pie, Pepsi and a 6,100 mAh Lithium-ion battery to charge smartphones. The device isn’t sold, but instead can be won as part of a week-long competition; watch the demo video, above (The Memo). Some customers aren’t so thrilled, however: Testers who charged an iPhone with the box said it only gained 17% battery after charging for half-an-hour, during which time the powerbank became completely drained (Eater).

Meanwhile, in an unusually public spat with an employer, Darrell Hammond — the Saturday Night Live comedian hired to play Colonel Sanders in the new KFC commercials — says the company “played” him into thinking he’d have the gig permanently. He was later replaced by another SNL veteran, Norm Macdonald, in what’s now a running joke of actor switches (Hollywood Reporter). Indeed, it’s part of the script in comedian Jim Gaffigan’s version:

Here are spots by Hammond and MacDonald, who’s none-too-pleased with the switch, either.

YUM: As Yum gears up to spin off its China operations in October, rival McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion. In March, McDonalds said it was reorganising its Asian operations by bringing in partners who would own the restaurants within a franchise business (Reuters).

BROWN-FORMAN and other developers Continue reading “FAA drone rules buzz Amazon; KFC launches smartphone charging gadget, and McD paces Yum with $3B China bids” →

Latest Headlines

Yum! Brands wins trademark case in Philippines!!!; Kindred attorney bolts for a competitor, and a KFC beanie promo on Twitter captivates New Zealand

A news summary, focused on 10 big employers; updated 2:39 p.m.

Jolibee YumYumYUM has won a trademark case in the Philippines brought by fast-food chain Jollibee, which sought to block the Louisville company from using its business name in the country. The government’s trademark office said the word “yum” is a commonly-used interjection, and the chain’s “Yum!” logo employs an exclamation point and a different font — in caps-and-lower case — that distinguish the mark from Jollibee’s (Interaksyon). The Philippines is a potentially big market: its population is nearly 100 million.

HUMANA CEO Bruce Broussard knew his personal and work lives were out of whack after his mother died in a car accident. “I regretted the time I was not able to spend with family members. I also regretted that I defined life success as career success,” Broussard told Georgetown University graduates at their Saturday commencement ceremonies. The school gave him an honorary doctorate in humane sciences (The Hoya). Brossard, CEO since 2013, attended Texas A&M and the University of Houston.

David Pearce
Pearce

KINDRED: David Pearce, chief counsel for Kindred’s home division for 11 years, has been named senior vice president and chief compliance officer at home health provider Amedisys of Baton Rouge, La. (Home Health Care News).

KFC: It was the competition that captivated a nation on Twitter, according to Spinoff magazine: The busy working world of New Zealand ground to a halt last week as one tweet from a KFC New Zealand social media person — featuring three, identical, crimson beanies — got 6,800 retweets and a 16-piece bucket full of favorites. “This is the oral history of the greatest online giveaway in New Zealand history, as told by key players” (Spinoff).

PAPA JOHN’S: In the Seattle area, Continue reading “Yum! Brands wins trademark case in Philippines!!!; Kindred attorney bolts for a competitor, and a KFC beanie promo on Twitter captivates New Zealand” →

Food and Dining

Review: Texas Roadhouse in Florida ‘was hitting on all cylinders!’

An occasional look at reviews given to restaurants owned by Papa John’s, Texas Roadhouse, and Yum.

The location: 7973 W. Irio Bronson Memorial Drive in Kissimmee, Fla. The headline: “Just Awesome.” Number of stars: five out of five. The customer: TripAdvisor user Mike P.

Anton Ego
Critic Anton Ego.

The review: We arrived at the 6:30 p.m. on a Friday night and were lucky enough to get seated immediately (six of us)! Our waiter, Max, was prompt, quick and accurate. We never had to ask for a drink refill, he left us alone to enjoy our meal but made sure we were alright several times. Chefs were spot on. Everything was cooked perfectly. Manager must have been doing an excellent job as well, keeping everything running smooth on such a busy night. This place was hitting on all cylinders! My whole family made comments on how everything flowed well and tasted great. This should be a great place to train new employees on how the restaurant should be run. Great job to everyone there. I complimented the manager and I will call corporate to let them know how well everything went.