Tag: Warren Buffett

UPS hits Q2 forecasts; Papa John’s hikes dividend 14%; it’s National Chicken Wing Day at KFC; and Franklin Circuit judge blocks new UofL board, casting school into more turmoil

A news summary focused on 10 big employers; updated 4:56 p.m.

UPS just reported second-quarter results that were in line with Wall Street’s forecasts. The shipper — Louisville’s single-biggest private employer — reported net income of $1.27 billion, or $1.43 a share, up from $1.23 billion, or $1.35 a share, in the year-earlier period. The FactSet consensus of analysts was for earnings per share of $1.43.

Revenue was $14.6 billion, up from $14.1 billion in the year-earlier period and in line with the FactSet consensus of $14.6 billion. The shipper reiterated its full year EPS guidance of $5.70 to $5.90, compared to the FactSet consensus of $5.80 (MarketWatch and press release). UPS shares closed at $108.10, down 63 cents. The company employs 22,000 workers at the Worldport hub at Louisville International Airport — the biggest fully automated package handling facility in the world.

John Schnatter
Schnatter

PAPA JOHN’S late yesterday boosted its quarterly dividend by a whopping 14%. The new 20-cents-a-share payout, up from 17.5 cents a share, will be paid Aug. 19 to shareholders of record as of Aug. 8 (press release). The pizza giant’s shares closed today at $73.95, up 30 cents. On an annual basis, the 10 cents-per-share hike is worth another $1,045,598 to founder and CEO John Schnatter. His 10,455,981 shares — the most owned by anyone — are now worth $770 million. Shareholders proxy report lists all major holders.

KFC: In the U.K. and Ireland only today, fast-chicken giant KFC today will give away a year’s supply of hot chicken wings to one very lucky winner and their best mate in a promotion celebrating National Chicken Wing Day. “All you need to do is follow KFC on Twitter and then tell them why your best mate is, well, the best, using the hashtag ” (Metro). But don’t hesitate: You must enter by midnight tonight U.K. time, which is six hours ahead of Eastern Time.

TACO BELL: The world’s media outlets are now devoting wall-to-wall news coverage to Taco Bell’s new Cheetos-stuffed burritos debuting in the middle of August in Cincinnati. Behold the $1 sandwich in all its orange glory:

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AMAZON spent $3.9 billion in the second quarter on its distribution network, Continue reading “UPS hits Q2 forecasts; Papa John’s hikes dividend 14%; it’s National Chicken Wing Day at KFC; and Franklin Circuit judge blocks new UofL board, casting school into more turmoil”

Texas Roadhouse rage: As chains race to douse social media wildfire, chain fires waitress for ‘kill Mexicans’ Tweet

A news summary focused on 10 big employers; updated 12:02 p.m.

TEXAS ROADHOUSE fired a waitress in Greeley, Colo., this week after she tweeted a threat to kill Mexicans, in a flash of roadhouse rage because a customer didn’t tip her. Texas Roadhouse spokesman Travis Doster told ABC 7 News: “Our managing partner was actually mowing his lawn when he was alerted. He immediately rushed to the restaurant, met with the employee who posted this disgusting Tweet, and she was terminated.”

Former waitress Megan Olson, who goes by the name Megatron on Twitter, wrote: “If we had a real life purge I would kill as many Mexicans as I could in one night. #learnhowtotipyoufuckingtwats.” ABC 7 showed an edited photo of the Tweet; photo, top.

Olson later apologized on Facebook: “I wrote hurtful, inconsiderate, insensitive and careless words and I understand the amount of people I have offended by that. There are no excuses for what I have done. . . . I want you all to know that I do not actually feel this way.” Her Twitter account is now password-protected. (ABC 7 News)

A Facebook user reported Olson’s Tweet on the Louisville-based restaurant chain’s Facebook page Thursday, and the company responded immediately, illustrating once more how quickly companies try to extinguish bad news before it goes viral on social media.

The Texas Roadhouse case was the fourth time in less than a month where Louisville fast-food chains were attacked for employees’ discriminatory behavior. There was last Saturday’s much-discussed Taco Bell employee in Phenix City, Ala., who refused to serve two uniformed sheriff’s deputies (story, below), and two Papa John’s restaurants where employees used racial slurs on order slips, in Denver last week, and in Louisville at the end of June.

Meachem and Moore
Meachem and Moore

TACO BELL: In Alabama, dozens of residents gathered Continue reading “Texas Roadhouse rage: As chains race to douse social media wildfire, chain fires waitress for ‘kill Mexicans’ Tweet”