Full-year 2000 earnings per share for the Carlsbad-based chain are now expected to be in the range of 12 to 14 cents, compared to the analyst's consensus of 18 cents.
Cost pressures impacting the company in the fourth quarter include higher-than-expected labor costs due a significant increase inCalifornia workers' compensation costs, as well as higher energy and food costs.
The company has opened all 36 company-owned restaurants originally projected for fiscal 2000. There are now a total of 126 Rubio's BajaGrill company-owned restaurants, including 11 that opened during the fourth quarter. Additionally, the company expects fourth-quarter comparable sales to be essentially even with the prior year, which is inline with analysts' consensus.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
