Obviously, a very good quarter. I had phoned company and asked them to provide some operating profit numbers for Golden Coral prior to their SEC report: to date profit for that segment has been dismal, even excluding opening costs. No segment numbers in press release: maybe CC will be enlightening, but I notice the same tired refrain about Golden Coral in the press release.
Looks like a blow-out number, both in terms of revenue and earnings. This stock was hot about a year ago, and seems to have lost steam after the last quarter, which was weak. Management said it was somewhat of an anomaly, owing to adverse weather, as I remember. Nonetheless, the stock has not participared in the strong rally this year. Perhaps this report gets the stock going.
I had thought stock would rise about a dollar or so, maybe. Good to hear Golden Coral SS sales up 6.5%, but no profit numbers, and no real plan about how to deal with higher food costs: apparently, they are afraid to raise prices for GC. Next conference I will have to phone in.