Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
Please consider a small donation if you think this website provides you with relevant information
| Statement |
|---|
| We think it's a very strong proposal |
| We think the revenues that are coming our way because we're running a much better operation than in previous years in terms of efficiency |
| But we think the revenues in Vegas are strong enough that we will not be penalized with a higher rent |
| We are experiencing through 12/30 very strong revenues in Las Vegas |
| And we are now seeing between the downward movement in prices and us engineering our menus to have better food cost components, we're seeing our food costs, by and large, in very good shape |
| The Alabama restaurants are doing well both in sales and in cash flow |
| New York has been very strong in all categories including election |
| The places are maintained wonderfully, services excellent |
| The food quality is very high |
| Our balance sheet remains really clean, $12,122,000 in cash |
| This quarter was a relatively clean quarter in terms of comparisons |
| We're still looking at deals constantly to acquire operating income or find ourselves able to take advantage of locations that have closed where we think we can operate at significant revenue levels |
| However, these menu prices up 7% to 10% since the pandemic are still sticker shock |
| We think we will not be challenged in terms of cash flow there, and that will remain pretty stable pre the rent increases |
| Thank you |
| Thank you |
| Thank you |
| But we also have rents that are much higher than they were in the comparative quarter last year |
| Statement |
|---|
| It's a demand problem right now in Florida and Vegas |
| Washington, D.C., has been problematic because the city is problematic |
| And it seems to me that's in part why our customer counts are down, as I said, especially in Florida |
| Volumes are down in those four restaurants roughly 10% |
| Our biggest problems as a company have nothing to do with customer experience |
| It's a rent problem |
| The Florida restaurants are our biggest problem right now, the full-service restaurants, which include JBs, Rustic, Blue Moon, and Shuckers |
| There is some weather issues there, but there are always weather issues |
| So that's a problem difficult to solve |
| We're still below what others are charging |
| The business within having relatively flat sales has shifts, obviously some restaurants are up, some are down |
| And a lot of products actually are starting to come down |
| Their customer counts are down, or where they're not down as much as revenues, people are sharing entrees, so we're finding just -- we're just not making any headway in terms of increasing revenues in those restaurants |
| Not a problem |
| That questioner has dropped down |
| We have a certain amount of confidence, but it's not subject to our control |
Please consider a small donation if you think this website provides you with relevant information