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Sooner or later you too will say that Nixon is a dishonest person.... "It's just a matter of time "as many of you write here
I'm still reading news stories about the 'bottomless shrimp' promotion putting them $11M in the hole, which in turn is a factor in closures.
Maybe independent franchise-holders had more discretion on how far they had to go in (not) buying-in to that promotion.
Nixon's Illegal Pizza in Lauderhill closed that way, by saying "Temporarily Closed" but it never reopened. However I think that as a general rule, 1 or 2 restaurant operations tend to give notice to all to 'say goodbye' to their customer base (plus employees), whereas larger chains are more cut-throat, with corporate ax-men turning off the lights without notice to all but the highest management.
Of course, a money-losing operation with no chance of revitalization has to close; but the larger the company and the bigger the dollar amounts involved are, the smaller the human element -- employees and customers -- is in relative importance.
The irony here is that larger companies are more beholden to investors/shareholders, but Nixon's smaller company currently seems to allow him to show no concern for his investors.
Hey Brenda Hamilton!! -- how are those lessons to Nixon on the importance of fiduciary responsibility to shareholders going?
They have closed a few in our state but not ours.
It's strange… They have "temporarily closed" several of the red lobsters in our area… No word on whether they will be permanently closed here yet.
Nice, thanks for sharing.
WCVC
Positive reviews: https://www.restaurantji.com/co/arvada/takiza-taco-and-tequila-bar-/
WCVC - Our Ref Lobster is staying open. We are going next week. We love their food….
Thanks so much for the update
Nope. REVOKED
Are you being sarcastic? LOL
The OTC market is starting to show some small signs of life. Thank you Nixon for getting back to trading!
Re Red Lobster closings ...
I just read that RL put themselves $11M in the hole via an "Endless Shrimp" promotion to attract new customers. Who knew that in hard economic times, customers would over-indulge on such a deal?
Also, they not only hope to restructure debt (via bankruptcy), but get out of "costly and lengthy leases." Again, who could have predicted that landlords would structure leases to drive their renters out of business?
According to some on here, it's doing great! It's REVOKED , gone.
Yea because ? It's still REVOKED
Did any of you see that recent X write up on the Mickey D's Mac? showed a small piece of meat with with over sized bun etc......little wonder people are rejecting it.
WCVC
Thanks trader, yeah tough times right now.
WCVC
Thanks PH, good take.
WCVC
This still sounds like COVID-19 fallout, although there's also the demographic of the customer base. I read 'fast casual' as just the next step up from 'fast food' like McD's, BK, and the like. Prices are rising so many in their customer base are saying 'no more $10 Big Mac for me.'
We already see that Nixon switched two of his burger places to Taco and 'expensive alcoholic drinks' places. That may still hit the 'casual' side of the demographic, but not the "fast."
Like with McD's, BK, and the like, there's probably a measure of price-point expectation in TGI Fridays and Red Lobster and other chains. Nixon's restaurants are not chains (yet). Based on the Google Reviews of Tequila Taco so far, all though people mention it being a bit pricey, they seem to feel that they are getting what they are paying for. As long as people feel that way, they will keep returning.
He's also in Denver, not New York/New Jersey.
Let’s go Trader! I am with you all the way! Dont listen to Giants fans like Botts! 🤣
WCVC Fast Casual Dining Foot Traffic "Plummets"
I'll Alert you of stocks to Buy,
before the Run happens !
_____________________________________________
Fast Casual Dining Foot Traffic "Plummets"
Across New York-New Jersey As Consumer Cracks
The slide in foot traffic comes as
Red Lobster is considering a bankruptcy filing,
and
TGI Friday's is in distress,
closing stores
and working with Guggenheim Partners
to address its debt problem as sales decline.
Moody's Ratings wrote in a report last week that
rising menu prices have slowed fast-casual sales
as the working poor ditch restaurants for food at home.
https://www.zerohedge.com/markets/fast-casual-dining-foot-traffic-plummets-across-new-york-new-jersey-consumer-cracks
________________________________________________________
Shake Shack (SHAK)
beats profit expectations as
sales trends improve each month
Revenue at the burger chain
rises a little less than expected,
but
full-year growth outlook is nudged higher
https://www.marketwatch.com/story/shake-shacks-stock-rises-after-profit-beat-and-improved-outlook-offset-revenue-miss-52b5c96a?mod=mw_rss_topstories
______________________________
Hmmm wonder if Andrew Tate likes high end Mexican food? 🤣🤣🤣
Same, brother!
Never. It's REVOKED
WCVC - True dat! I’ll be here when it happens!
Someone very famous says ....... "In the long time we are all dead"
It’s only a matter of time until this comes back. $WCVC
Maybe Pizza can turn into a lot of locations, speculating
WCVC - A good Sunday to all you good people!
Just a joke. Means exactly!
WCVC - Ed Zachary!!
Exactly that...
WCVC
Lol. The only angle is it's REVOKED. So funny... let me when its not.
He definitely has an angle. He isn’t here just to do a public service to us! Things that make you gooooo hmmmmm
Agree thanks fallingstar..
WCVC
They should be revoked.!
🤣Pumping revoked ticker...😂
The Redskins....
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