ALL!!Very important!!!Reuters feed.
Rainforest (RAIN) comfortable with '97 estimate
SAN FRANCISCO, Oct 3 (Reuter) - Rainforest Cafe Inc President and Chief Operating Officer Martin O'Dowd said the company is "very comfortable" with Wall Street consensus estimates of $0.80 a share for full-year 1997.
Earnings per share figures for all of last year were not immediately available.
"We're very, very comfortable with that number," he told Reuters after addressing a Montgomery Securities investment conference here.
Rainforest Cafe, a large, high-volume theme restaurant and retail facility operator which opened a location at Tyson's Corner Center near Washington, D.C., this morning, also plans a steady stream of openings next year.
"We will open nine units on time in 1997, seven domestic andtwo international," O'Dowd told investors.
"One year ago today we had one one restaurant with $11million (in sales)," he said. "We'll close out 1996 with a $95 million run rate."
Well,like I said,RAIN likes to release good news in bunches.Imagine announcing your "very,very comfortable with "next years earnings.What does that say about this years earnings.And a $95,000,000 run rate!!I don't think the announcements are over yet either
Regards,
Dennis |
