BJs Restaurants: Q3 Sees Revenue Growth, Net Loss Widens

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October 28, 2023

BJs Restaurants recorded a net loss of $3.8 million in the third quarter (Q3) of 2023, marking a contrast with the net loss of $1.6 million in the corresponding period one year earlier.

The diluted net loss per share for the quarter was $0.16, which stands in contrast to the diluted net loss of $0.07 per share from a year ago.

The company highlighted that its Q3 2022 net loss and diluted net loss per share incorporated a $4.1 million income tax benefit, representing its estimated annual effective tax rate.

In the quarter concluding on October 3, 2023, the restaurant company experienced a 2.3% year-on-year increase in total revenues, reaching $318.6 million.

In the most recent quarter, comparable restaurant sales increased by 0.4%, while the total restaurant operating weeks saw a growth of 0.8%.

The company’s restaurant-level operating margin increased to 11.9%, up from 10.3% one year ago.

BJs Restaurants Revenue Growth:

BJs Restaurants reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $19.6 million for the quarter, marking a significant increase from the $15.2 million reported one year ago.

BJs Restaurants president and CEO Greg Levin said, “Our third quarter results mark further progress with our sales building programs and cost savings initiatives, which enabled us to expand restaurant operating margin and adjusted EBITDA.

“We improved restaurant-level operating margin by 160 basis points and increased adjusted EBITDA by approximately 30% from the prior year. We remain focused on growing guest traffic and sales through gracious hospitality and a culinary strategy of elevating familiar foods made brewhouse fabulous.

“Additionally, we continue progressing with our cross-functional cost savings initiative to improve operating margins without compromising our quality standards. We have now realised more than $30m of annualised savings to date and anticipate capturing additional savings in the fourth quarter.”

Granarolo’s €300M Plan Targets Global Market Expansion

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October 28, 2023

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Granarolo, a prominent dairy company headquartered in Italy, has unveiled a comprehensive strategic plan outlining its objectives for the period from 2024 to 2027.

The announcement highlighted that the endeavor will encompass a €300 million ($316.8 million) investment, primarily directed towards projects focused on expansion to attain a substantial upsurge in revenue throughout the specified plan duration.

This action comes in the wake of the Bologna-headquartered company successfully raising €160 million by selling a portion of its business earlier this year.

Granarolo Full Plan:

Granarolo president Gianpiero Calzolari said, “The objectives that the company intends to achieve through the implementation of the new plan are to consolidate and increase its presence on the national market through digital transformation and innovation of the product supply chain, strengthen its positioning at an international level, and innovate to anticipate new solutions of product in a continuously evolving market.”

The company stated that the plan encompasses “significant organic growth targets as well as exceptional operations designed to bolster the group’s competitive position both within Italy and on the international stage.”

When pressed for further information regarding its plans, a spokesperson from Granarolo indicated that their forthcoming innovations will involve the creation of functional products designed to have an extended shelf life.

Additionally, the spokesperson mentioned that their primary international growth targets will be the European markets and the United States. However, they refrained from disclosing specific details at this stage regarding heightened turnover goals or any potential involvement in merger and acquisition activities as part of their strategy.

In the stake sale conducted by the group in late March, €100 million was invested by the Italian state lender, Cassa Depositi e Prestiti (CDP), as part of the €40 billion Patrimonio Rilancio national strategic fund, which is funded by the country’s Treasury.

It secured an approximate 15% ownership interest in the milk and cheese producer.

Try More News: BJs Restaurants: Q3 Sees Revenue Growth, Net Loss Widens

Agricultural labor pension agency Enpaia and the controlling shareholder, Granlatte, a farmers’ cooperative, each contributed €30 million.

Granarolo, known for its production of pasta and deli meats, maintains 14 production facilities within Italy and an additional nine in various locations including France, the UK, Brazil, Germany, New Zealand, and the US. The company works in collaboration with over 600 milk-producing farmers and delivers its products through an extensive network of 50,000 sales outlets.

Costa Coffee Reveals Festive Menu & Limited Edition Cups!

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October 28, 2023

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Costa Coffee has unveiled its Christmas menu, showcasing a fresh addition: the Sticky Toffee Latte and Sticky Toffee Iced Latte.

The new drink selection also features the Roasted Hazel Latte and Roasted Hazel Hot Chocolate.

In addition to the fresh drink choices, the Christmas menu will introduce novel lunch items such as the Vegan Turkey and Trimmings Toastie, as well as the Honey Roast Ham and Wensleydale Ciabatta. It will also offer new desserts like the Sticky Toffee Loaf Cake and the Belgian Chocolate Ganache Cake.

Costa Coffee Launches New Festive Menu!

Costa Coffee will also launch a special limited-time takeaway cup, carefully designed to capture the spirit of beloved festive traditions in the lead-up to Christmas.

The new cups come in sizes ranging from 4oz to 20oz and are crafted from plant-based materials. They will be accessible at UK retailers and Costa Express machines across the nation for the purchase of hot beverages.

Check More News: Granarolo’s €300M Plan Targets Global Market Expansion

“We’re thrilled to introduce our enchanting and cosy new festive menu that will undoubtedly unleash customers’ Christmas spirit. As we embrace the magic of the festivities, our delightful new products and returning favourites hope to add some joy to the season,” Naomi Matthews, Food Innovation Director UK & Ireland at Costa Coffee.

The Ribbon Room Bar & Tequileria Debuts in Mumbai wth Culinary Delights!

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October 28, 2023

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The Ribbon Room Bar & Tequileria, nestled within the ambiance of Juhu’s Sea Princess Hotel, stands as an initiative towards creating an elegant dining space. Co-founded by Sunny Sara, Ritik Bhasin, and Neha Gundecha, this brand aims to offer a distinctive dining experience. The venue boasts a sophisticated ambiance characterized by its wood and leather decor, exuding an aura of refinement and sophistication.

“We have crafted a dining and drinking space that oozes flair and finesse. Our bar and tequileria hosts a vivid variety of spirits, and our customised agave menu will surely fetch a lot of ardent fans! Our interiors also elicit a sense of wow and wonder. We have achieved the perfect marriage between chic and classy as well as colourful and flamboyant in our interior design. An unforgettable visual and unparalleled dining experience awaits patrons at The Ribbon Room,” said Sunny Sara, Director, Orion Entertainment.

The Ribbon Room – Bar & Tequileria!

The focal point of The Ribbon Room is its vibrant bar, dedicated to agave-based drinks. This establishment presents a wide array of infusions for beverages, setting the tone for an extensive and diverse selection.

Check more news: Costa Coffee Reveals Festive Menu & Limited Edition Cups!

The Ribbon Room boasts a varied menu, ranging from a selection of Sushi and Dim Sum to platters of Rolls and Dumplings. Additionally, their offerings include items such as Nori fries, Butter Spiced Shimeji, and Filo-coated Dynamite Prawns.

Individuals who value a healthy eating regimen can request from the kitchen a nourishing assortment of salads, tartares, and carpaccios, all abundant in essential proteins.

Fashion retailer V2 Retail expands its reach to Bhubaneswar with latest store

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October 28, 2023

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Fashion and apparel retailer V2 Retail unveiled its latest store in Bhubaneswar, as shared by a company official on social media. The newly established outlet can be found at Budhanagar, Kalpana Square, Bhubaneswar, Odisha.

“Celebrate the arrival of a new store in Bhubaneswar, Odisha! Experience the magic of shopping. Unleash your inner fashionista,” said Vinay Dubey senior executive- retail business development at V2 Retail in a LinkedIn post while sharing the image of the new store.

The retailer is actively expanding its presence and has recently launched new stores in Bihar, Jharkhand, Odisha (two stores), and Varanasi.

V2 Retail, initially established in 2001 under the name Vishal Megamart Ltd or Vishal Retail, underwent significant ownership changes over the years. In 2010, founder Ram Chandra Agarwal sold the financially troubled company to TPG and a Shriram Group entity for INR 70 crore. Subsequently, after eight years, the company was once more transferred, this time to a private equity consortium comprising Partners Group and Kedaara Capital, in a deal valued at over INR 5,000 crore, as reported by Forbes India.

Subsequently, the company underwent a name change to become V2 Retail Ltd.

Currently, V2 Retail boasts a presence of over 105 retail outlets spanning across 17 states in India. This includes five stores in Delhi-NCR, 24 in Bihar, 26 in Uttar Pradesh, 17 in Odisha, 6 in Assam, 7 in Jharkhand, 5 in Karnataka, 4 in Uttarakhand, 3 in Madhya Pradesh, and 2 in Goa. Furthermore, the retailer maintains one store in each of the following states: Himachal Pradesh, Arunachal Pradesh, Tripura, Jammu and Kashmir, Meghalaya, and West Bengal, as indicated on the company’s website.

Senco Gold & Diamonds Opens 150th Outlet in Kolkata

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October 28, 2023

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Jewellery retailer Senco Gold & Diamonds has reached a noteworthy milestone in its expansion, as the company recently unveiled two new showrooms in Kolkata. This momentous occasion was officially announced in a press release on Friday, bringing the company’s total number of showrooms nationwide to an impressive 150.

In the presence of their brand ambassador, Bollywood actor Vidya Balan, the jewelry chain celebrated the grand opening of two fresh showrooms in Kankurgachi and Hatibagan, Kolkata.

Senco Gold & Diamonds Opens two New Showrooms!

The Hatibagan showroom, spanning over an impressive 11,500-plus square feet, stands as Senco’s largest showroom across the nation.

“Celebrating our 150th showroom is not just a milestone for Senco Gold & Diamonds, It’s a testament to our unwavering commitment to adorning the dreams of millions.” said Jyoti Sen, director and head of design and marketing, Senco Gold & Diamonds.

Check more interesting blogs: Fashion retailer V2 Retail expands its reach to Bhubaneswar with latest store

In addition, the company announced that it has introduced exclusive Diwali offers for its customers, including a 25% discount on the making charges of gold jewelry and a mere Rupee 1 making charge for diamond jewelry.

India’s Mango Exports Surge to $47.98 Million in FY23-24

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October 28, 2023

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During the initial five months of the current fiscal year (2023-24), India experienced a noteworthy surge in mango exports, reaching a value of $47.98 million. This marks a 19% increase compared to the previous year’s corresponding period, where the export value stood at $40.33 million.

With the combined efforts of the Agriculture Ministry and APEDA, India achieved the export of 22,963.78 million tonnes of mangoes worth $48.53 million in the fiscal year 2022-23. Nevertheless, in the current fiscal year, 2023-24 (April to August), India has managed to surpass this record by exporting 27,330.02 million tonnes of mangoes, with a total value of $47.98 million.

India’s Mango Exports Hits Skyrocket!

As a part of its initiative to promote export of mangoes in the season 2023, the agriculture ministry and APEDA had invited the United States Department of Agriculture’s (USDA) Animal & Plant Health Inspection Service (APHIS) inspector for preclearance of mangoes at irradiation facilities at Vashi, Nashik, Bangalore and Ahmedabad.

Try more news: Senco Gold & Diamonds Opens 150th Outlet in Kolkata

Besides the US, with continuous efforts of the concerned authorities, India has exported 43.08 million tonnes of mangoes to Japan, 110.99 million tonnes of mangoes to New Zealand, 58.42 million tonnes of mangoes to Australia and 4.44 million tonnes of mangoes to South Africa – a new destination. In addition to this, India has invited inspectors from South Korea for preclearance of mango exports there.

This has allowed India to export 18.43 million tonnes of mangoes after being treated at the authorised Vapour Heat Treatment facility under the joint supervision of the Directorate of Plant Protection, Quarantine, and Storage (DPPQS), India and Animal and Plant Quarantine Agency (APQA), South Korea.

GEF India Launches 10L Multi-Purpose Jar for Freedom Refined Sunflower Oil

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October 28, 2023

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Gemini Edibles and Fats India Limited (GEF India) has introduced a new addition to its lineup of Freedom Refined Sunflower Oil products – a reusable 10-liter multi-purpose container. This latest offering further enhances the choices available for Freedom Refined Sunflower Oil, which is currently accessible in a range of sizes, including 200ml, 500ml pouch, 1-liter pouch, 500ml PET bottle, 1-liter PET bottle, 2-liter PET bottle, 5-liter HDPE jar, 10-liter multi-use jar, 15kg tin, 15-liter tin, and 15-liter HDPE jar.

The launch event was graced by the presence of Ms. Radhika Pandit, a renowned Kannada Actress, and P. Chandra Shekhara Reddy, Senior Vice President – Sales and Marketing at Gemini Edibles and Fats India Ltd, in addition to the GEF India management team.

The launch of the 10-liter multi-purpose jar for Freedom Refined Sunflower Oil reflects a deliberate response to shifting consumer preferences and the increasing demand for eco-conscious, reusable goods. This innovative jar is crafted to elevate convenience for households and meet the requirement for pragmatic and sustainable alternatives. It showcases a modern design, inclusive of a secure lid and user-friendly pouring technology, ensuring effortless usage.

It emerges as an excellent option for contemporary individuals, particularly women, in search of clever solutions that save time, space, prevent spills, and alleviate storage worries. Once the oil is used up, this versatile jar can be repurposed for storing essential kitchen items.

GEF India Initiatives:

Freedom Refined Sunflower Oil currently stands as the leading choice in India’s sunflower oil market. Sunflower oil commands a considerable market size, surpassing 32,000 tonnes in Karnataka. The state of Karnataka is a pivotal area of focus for Freedom Healthy Cooking Oils, as the brand steadily garners acknowledgment and approval within the region.

GEF India manages three advanced refineries in Andhra Pradesh, two situated in Kakinada and one in Krishnapatnam. A new refinery in Telangana is presently in the commissioning stage. Alongside its current operations in Andhra Pradesh, Telangana, Karnataka, Odisha, and Chhattisgarh, the company actively extends its presence into Tamil Nadu and Kerala.

Check more news: India’s Mango Exports Surge to $47.98 Million in FY23-24

P. Chandra Shekhara Reddy, Sr. VP Sales and Marketing, GEF India Ltd said, “We are a consumer-focused organization and are constantly assessing consumer requirements. We are happy to introduce the new reusable 10 Litre multi-use jar of Freedom Refined Sunflower oil, to provide an elegant and convenient SKU for the present-day consumers. We hope this new convenient reusable multi use jar is liked by our patrons and used for storage after the oil is consumed.

Having the rocking couple Yash and Radhika as our brand ambassadors has helped us connect with the people of Karnataka and improve the awareness of the brand. ‘Freedom’ is a value for money brand, with innovative packing designs, providing our consumers ‘Freedom to eat, Freedom to enjoy.”

Apparel Group Introduces Premier Brands in Bengaluru!

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October 28, 2023

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In line with Apparel Group’s unwavering dedication to providing outstanding retail experiences, the conglomerate is delighted to introduce its premier lifestyle brands at the recently opened Phoenix Mall of Asia, located in the dynamic city of Bengaluru. This strategic expansion aligns with Apparel Group’s ongoing commitment to enrich the shopping experience by making highly coveted brands more accessible to their cherished clientele in Bangalore.

The newly established venue presents a rich assortment of esteemed brands affiliated with the Apparel Group, including renowned names like Bath and Body Works, Aldo, Charles and Keith, La Vie En Rose, Beverly Hills Polo Club, Tim Hortons, and Aldo Accessories. These brands encompass a wide range of products and styles, meticulously curated to cater to the unique preferences of Bengaluru’s vibrant and cosmopolitan population. Whether one is in search of the sophistication offered by Charles and Keith or Aldo, the blend of comfort and style provided by Beverly Hills Polo Club, or the indulgence of Bath and Body Works, our recently opened stores are poised to deliver an unrivaled shopping experience, designed to satisfy those with a penchant for quality and diversity.

Apparel Group strengthening retail footprint in India

Tushar Ved, the President of Apparel Group India Pvt Ltd said, “We are thrilled to announce the inauguration of seven new stores from the Apparel Group within Phoenix Mall of Asia. Our strategic expansion not only fortifies our brand positioning but also underscores our role as the gateway for international brands seeking to establish their presence in India. These store openings underscore our unyielding commitment to bridging the divide between global fashion and the discerning Indian consumer.”

Abhishek Bajpai, CEO of Apparel Group India Pvt Ltd said, “We are pleased to bring the finest lifestyle brands in their respective categories to the city of Bangalore. Our dedicated team has put in tireless efforts to ensure that each store reflects our expertise and unwavering commitment to excellence, thereby delivering an extraordinary shopping experience to our cherished patrons. This expansion is a testament to our dedication to serving our customers and providing them with world-class brands and exceptional experiences.”

Some Exciting News You Need to Look: GEF India Launches 10L Multi-Purpose Jar for Freedom Refined Sunflower Oil

The ongoing growth of Apparel Group within the Indian retail scene consistently elevates the status of globally acclaimed brands. The recent opening of new outlets within Bangalore’s Phoenix Mall of Asia reaffirms Apparel Group’s unwavering commitment to its mission and vision, persistently dedicated to surpassing expectations daily and providing esteemed customers with the utmost in retail experiences.

Jamie Oliver Goes Fully Vegetarian in Ahmedabad Kitchen Premiere!

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October 28, 2023

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Jamie Oliver’s international restaurant business is launching a new culinary concept, “Jamie Oliver Kitchen,” for diners in India, offering an all-day dining experience.

The launch will mark the first Jamie Oliver Kitchen in India and the group’s very first 100% vegetarian venture, with Jamie Oliver Kitchen located at Palladium Mall in Ahmedabad. This establishment is the perfect destination for a super-tasty shopping pit-stop, offering next-level coffee, delicious drinks, and an opportunity to enjoy a memorable meal with friends and family.

Jamie Oliver – Ahmedabad debut!

“Ever since I grew up and saw the vibrant and highly successful Gujarati community in the UK, I’ve wanted to open a restaurant in Ahmedabad. This is a decades old dream and we are so honoured to be able to serve our customers in this great state capital and to make new friends for life. We hope to be as successful as the Gujaratis who went to the UK and promise we will work hard, learn from Gujarat and earn our right to be part of the community. This is the first all vegetarian Jamie’s restaurant anywhere on earth and I cannot think of a better place to launch,” said Jasper Reid, MD Jamie Oliver Restaurants, India at the launch of their first site in Ahmedabad, Gujarat.

Opening from October 20, 2023, this dining destination will delight guests with a diverse and exciting menu, celebrating Jamie’s culinary evolution spanning over 20 years. Featuring a completely new vegetarian menu crafted specifically for the Ahmedabad restaurant, it will showcase the fusion of Jamie’s global inspiration with locally-sourced ingredients, promising a remarkable culinary experience.

In addition to its enticing menu, Jamie Oliver Kitchen will provide an exemplary experience for family dining. Emphasizing flexibility, the restaurant enables patrons to savor tempting dishes made with fresh ingredients from morning coffee to a delightful dinner, including mocktails. Menus will encapsulate the finest of Jamie Oliver’s creations, thoughtfully tailored to embrace local culinary trends, infusing the restaurant with a distinct Ahmedabadi flavor.

Jamie Oliver Dish (Representative Image)

The restaurant will exude a relaxed and modern ambiance, characterized by vibrant bursts of color. Noteworthy elements will encompass an inviting open kitchen, a café space, and adaptable seating arrangements, offering both communal large tables for sharing and comfortable lounge areas.

“I am so happy to be opening my first-ever vegetarian restaurant in Ahmedabad! Jamie Oliver Kitchen is the ultimate tribute to my food travels and we’re dishing up some of my all-time favourite combinations from around the world. The key thing you need to know is that it’s a menu designed for sharing. Dining with us is about more than food – it’s about making memories with your loved ones,” said Jamie Oliver.

Try other stories as well: Apparel Group Introduces Premier Brands in Bengaluru!

Within the restaurant, guests can anticipate an array of offerings, from captivating sharing plates to numerous healthy, vegan choices. This includes delectable options such as Mushroom Stroganoff, Sunshine Jackfruit Curry, a variety of enticing salads, freshly baked pizzas, nourishing appetizers, and irresistible desserts.

NewsHub

BJs Restaurants Revenue Growth:

Granarolo Full Plan:

Costa Coffee Launches New Festive Menu!

The Ribbon Room – Bar & Tequileria!

Senco Gold & Diamonds Opens two New Showrooms!

India’s Mango Exports Hits Skyrocket!

GEF India Initiatives:

Apparel Group strengthening retail footprint in India

Jamie Oliver – Ahmedabad debut!