Chili's In Britain Leads The Way In Same-Store Sales.BETHESDA, Md.--(BUSINESS WIRE)--Aug. 13, 1998--Red Hot Concepts Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbol: RHCS RHCS Rural Health Care System RHCS Red Hat Cluster Suite ) announced Thursday that Chili's in the United Kingdom officially shows the largest increase in same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. percentages in the Chili's franchise system. That is according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Brinker International, which owns the 600-unit strong Chili's brand and franchises it throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and in more than 16 countries worldwide. Brinker based its same-store sales findings on comparative sales recorded during Brinker's most recent fiscal year ended June 30, 1998. During this 12-month period, the two Chili's units in Britain boasted a combined 39 percent gain in same-store sales over last year during the comparable period. This growth is on top of growth of more than 30 percent last year. In the United Kingdom, Chili's is owned and operated by The Celebrated Group Plc, a publicly traded British company. Celebrated acquired Chili's development rights, and the two existing Chili's restaurants, as part of a merger with Red Hot Concepts' British subsidiary in December 1997. Since the merger, Red Hot Concepts owns 46 percent of Celebrated and is the largest single Celebrated shareholder. According to Brinker Vice President Ted Leovich, Celebrated's achievements demonstrated the company's execution of Brinker's keys to success: "We feel the commitment of Celebrated's management to re-focus on the core operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. and standards has definitely paid off," Leovich said. "The continued sales and customer growth counts at the existing restaurants, along with Celebrated's aggressive expansion plans, points toward a truly exciting future for Chili's in the UK." Since the first of the year, Celebrated has begun construction on two new Chili's restaurants in Britain. One of these is scheduled to open next month; the second is scheduled to open in October. The latter has the distinction of being Europe's first freestanding Chili's, and it is located along a thoroughfare THOROUGHFARE. A street or way so open that one can go through and get out of it without returning. It differs from a cul de sac, (q.v.) which is open only at one end. 2. Whether a street which is not a thoroughfare is a highway, seems not fully settled. with other freestanding restaurants, with ample parking and high visibility. Certain statements in this release constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " and involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the company to be materially different from any performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: competition; success of operating initiatives; development and operating costs operating costs npl → gastos mpl operacionales ; advertising and promotional efforts; brand awareness; adverse publicity; acceptance of new product offerings; changes in business strategy or development plans; availability and terms of capital; food, labor and employee benefit costs; changes in government regulation; regional weather conditions; availability, locations and terms of sites for store development and other factors referenced in the company's filings with the Securities and Exchange Commission.
CONTACT: Red Hot Concepts Inc.
Amy Lipsius, 301/493-4553
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