To: ChanceIs who wrote (203885 ) 5/23/2009 11:00:39 AM From: Perspective Read Replies (1) | Respond to DIN - I've actually been re-reading their 10-Q, because I'm thinking about going after that one pretty hard. Something just doesn't quite smell right, and I thought I might find it in the 10-Q. Of course everybody knows they had that $31M in one-time gains due to asset sales and debt extinguishment. (I was actually surprised to see how *little* debt they extinguished - they're still loaded up.)finance.yahoo.com Restaurant-level operating profit margins at company-owned restaurants were 17.7% in the fiscal first quarter of 2009 compared to 19.1% in the fiscal first quarter of 2008. Fiscal first quarter 2009 restaurant-level operating profit margins were negatively impacted by approximately 0.8% of higher food and beverage costs, a 0.7% increase in labor costs, including 0.3% related to the tender offer for stock options, and a 0.7% increase in occupancy costs, partially offset by 0.8% lower operating costs, largely driven by lower year-over-year contributions to the Company’s national advertising fund, which were 0.25% of restaurant revenue in the fiscal first quarter of 2009 versus 1.5% of revenue in 2008. yahoo.brand.edgar-online.com Total food and beverage costs as a percentage of company restaurant sales decreased by 1.2% for the three months ended March 31, 2009 compared to the same period in 2008 due primarily to the impact of menu price increases, a favorable shift in menu mix and food cost improvement initiatives partially offset by slightly higher commodity costs.
