For the record I hated the apple thing. Cookie and fake apple filler. There's no way anyone could stomach two pieces. But each his own.
Schwarz get's something like $350K this year. Then they also hired 3 key management positions. I expected last quarter a nice savings in Administration costs, I didn't see any. So if they couldn't save a dime last quarter, after getting rid of so many, I feel the same thing will happen this quarter. they will not show any gain on getting profitable.
Are you referring to me? You don't see the flour. They have the dough on a platter. I did like that they don't over load it with cheese. One of the biggest costs that go out the window, is cheese.
It was slower than any previous visit. I love sweets, but that apple thing was horrible. There is no way anyone returns wanting another piece. I will swing by around 8PM and see the ticket counts on a Saturday, when I can. I think $22 average is a little high to use as an average. Didn't someone figure it around $18.50 range. The new Ice tea promo sounds good. The apple pie thing sucked. If neither my wife or I liked it, I can guarantee you that it's not winner. I have visited this store on a school day, when it was more busy at 11:30 am then it was 10 days ago. I still own 2500 shares.
Institutions start lining up first thing in the morning. This news was exactly what you want to hear. Could not of wished for anything better then we got today. Good job longs.
5PM numbers should be out. Would love to see better numbers also. Throw in some news on Growth drug and this would be fun to watch.
The building from the outside looks almost complete. The interior still empty, where the trades are still doing their rough in. I ate at the Port Orange store last week. I also got the apple pie desert. Have to be honest, If I never eat another piece of this item the rest of my life, that will be too soon. It was horrible. way to sweet and on top of that, the crust was sweet. It looked so good. I threw most of mine away. My wife ate her piece but had the same comment. No one's waiting for them to role that out again next year.
I've sold some shares recently. I don't think earnings is going to be that strong. Hope to trade back after the news. If they pay Swartz his money and the new management theirs, I don't see them coming close to breakeven. I was the 20 customer they had on Saturday. Got there shortly after Noon. They really cut back on staffing, that was my wife's observation. Maybe when they get two stores, they'll have some budget to advertise.
They maybe right often, but it only takes one miscalculation to give all back and more. My guess that we will soon see the unwinding by the shorts. At Frost's age, the fun part maybe catching the shorts with their pants down. I wouldn't be surprised if Vit D news comes a few weeks early.
Totally agree. I bet a lot of the franchise fee gets eaten up on the first store and by the third store P5 keeps 75% of it. I recall talking to some of the management at the Port orange store, they actually were trained in Texas. Smart young guys/gals willing to ride this train. I've been meaning to drop by the Port Orange store late on a Monday and see what sales look like. I still get reports from friends on their ticket numbers and sales have come back to reality. I no longer believe that store will do $1.3M in revenues, but should flirt with a $1M in revenues. No advertisement to speak off. In fact there's a MY Pie on the beach at the Ocean Walk that advertises.
Maybe when they get two of our stores running the budget will be there for radio. The key here is advertisement. When we start to see national commercials, we will know we have a home run.
Daytona beach new location taking shape. Building is up and hopefully the interior starts to take shape. This is a brand new building, so the piping and electric was rough in while it went up. That should shave some opening time off compared to their Port orange store.
I like to see that Utah and Kansas and Florida owners are moving to multiple stores. They would procrastinate if they were not making money. Hope to see the owner again at the grand opening of this new location. P5 has to do a lot less baby sitting when these owners get to their second and third locations.
Saturday night a friend of mine visited the Port Orange store. He got there at 8:28Pm and was ticket 10164. I thought this wasn't too bad, but store has leveled off. The second location on International drive in Daytona, is moving along. Heard they were advertising for management. This will be a brand new building, so plumbing will already be where it needs to be. I estimate by September this up and running.