Wednesday, January 30, 2013
3/15/12: Deciding on areas in high population centers to build between 50-75 new multi-screen complexes early in 2013.
7/15/12: Main additions will be in New York City metro and suburban areas (10), Seattle/Tacoma (5), Boston (5), Indianapolis (5), Dallas/Fort Worth (4) Omaha (2), Wichita (2), Denver (2), Pittsburgh, Buffalo, Toledo, Anchorage, Salt Lake City, San Jose/San Francisco (4)
UPDATE: Most will begin construction in 3/13-4/13. All will be 20-24 screen complexes, with 32 screen theaters in Long Island and Dallas (16 will have 3D capability, 4 IMAX). Will have more than 10K seats total. Will have other amenities attached; including Hooters, TCBY, Krispy Kreme, Biggby, batting cages, driving range, mini-golf, arcade
UPDATE: As of 1/30, we are purchasing 44 theaters and building 44, completion dates vary from 8/15/13 to 10/15/13. This will add about 88/2200 to the Freedom brand. Also will be purchasing about 150 theaters with 1000 screens which will be split between the Night Owl and Liberty brands.
7/15/12: Main additions will be in New York City metro and suburban areas (10), Seattle/Tacoma (5), Boston (5), Indianapolis (5), Dallas/Fort Worth (4) Omaha (2), Wichita (2), Denver (2), Pittsburgh, Buffalo, Toledo, Anchorage, Salt Lake City, San Jose/San Francisco (4)
UPDATE: Most will begin construction in 3/13-4/13. All will be 20-24 screen complexes, with 32 screen theaters in Long Island and Dallas (16 will have 3D capability, 4 IMAX). Will have more than 10K seats total. Will have other amenities attached; including Hooters, TCBY, Krispy Kreme, Biggby, batting cages, driving range, mini-golf, arcade
UPDATE: As of 1/30, we are purchasing 44 theaters and building 44, completion dates vary from 8/15/13 to 10/15/13. This will add about 88/2200 to the Freedom brand. Also will be purchasing about 150 theaters with 1000 screens which will be split between the Night Owl and Liberty brands.
Thursday, January 10, 2013
January 10, 2013 American Pride press release, fiscal statement
Fiscal year ended 12/27/12.
Stock price as of close of market 12/27/12 was $37.33.
Total revenue was $31.72B. Profit was $1.3218B or $1.04 per share.
For the upcoming fiscal year, which will end 12/26/13, American Pride is estimating profit of $1.35B, or $1.25 a share, on revenues of $35.5B.
We have 135 APC Freedom theaters open, with 2154 screens. We have plans for growth both in acquisition and building (currently 14 theaters in various stages of development).
1343 APC Liberty second run theaters are open, with 9688 screens. Plans for growth in both acqusition and building are in progress.
121 Hooters Night Owls "cinema cafes" are open, in the upper Midwest, southern US, with expansion into the Northeast last year and in progress. Will continue expanding in the next 5 years, with 50-75 planned for '13, and will be a national presence by 2015.
Intend to open a pair of cobranded, first run cinema cafes...working name, Night Owl Freedom theaters. Will open in Stillwater, MN and Minnetonka, MN 11/15 (soft open 11/8). Building to begin June, 2013.
American Capitalist financial services now have 18 total offices. Began with $40M in invested funds. $19.7B in invested funds as of 12/27/12 . Now a prime player in 401K/403B investing, as well as heavily into the niche market of self-investing. Will continue to grow through success and possible acquisition.
American Security Preservation, mainly involved in life insurance, annuities, and wealth preservation. Annual premiums of $3.8B. Doubled premiums in '12 mainly through 5, 10, and 15 year annuities that paid about 1% more than standard rates and commission increase of 50% to agents.
American Motivation looks to help people make the most of what they have and meet their goals. Operates during the school year, Sep-May, Tue-Thurs, during non-holiday weeks. We expect to have 110 events this fiscal year, up from 100. Focus is on filling arenas in metro/suburban areas.
White Castle has 522 outlets and same store sales increased 7.9% due to increase in marketing and specials. 50 expected to open in 2013.
Biggby Coffee has 221 outlets and same store sales increased 14.1% due to successful loyalty program and lower price/bigger serving combo. 120 expected to open in 2013.
Hooters has 644 locations worldwide, with 475 in the USA. Sales were up 11.5% in 2012, and we expect to open 75-100 more, mostly outside of the USA in 2013.
Hooters Live now has 8 locations, all in the upper Midwest. Expansion planned for south in 2013, confirmed in Austin, Houston, San Antonio, New Orleans, San Diego, LA, Portland, Seattle, and Vegas. Will have 20-25 open by the end of the year. Live is a destination for live music 6-7 nights a week, and pool/darts/volleyball/softball/poker leagues and tournaments.
Purchased Hooters hotel in Vegas on 2/22/12. Significant growth in poker and casino business, and headliners in arena. Jeff Foxworthy signed to headline six weeks through 2018, Larry the Cable Guy four weeks per year through '18, Bill Cosby, four weeks through '16, Jerry Seinfeld, four weeks through '16, Chris Rock, four weeks through '16, Jeff Ross, eight weeks through '18, Dennis Miller, four weeks through '16, Norm McDonald, four weeks through '16, LeAnn Rimes, six weeks through '16, Kelly Clarkson, four weeks through '16, Elton John, two weeks through '16, Joel Osteen, two weeks through '16. All do shows Fri-Tues, some do two shows Fri/Sat
Best poker tournaments, 2K seat performance venue added early 2013, 500 seat comedy club added April, 2013,
Krispy Kreme has 489 locations worldwide. Sales were down 1.7% in '12.
Purchased AAA baseball team, moved to Lake Mills, WI, to be named Madison Mosquitoes, affiliate of Brewers. New stadium and entertainment complex will open early '13, including Leinenkugel Park, the crown jewel of minor league baseball stadiums, 10K capacity.
Starting eight team women's pro soccer league, WCS, which will begin play in spring, 2013.
Newcastle United remains a tradition rich club in the English Premier League.
We plan on continuing to grow and be a successful and profitable company. We always have been a debt-free company, as well as a charitable member of the community, state, and country. We do not plan to change that aspect of our business. Each of our establishments have a planned budget for special events for good causes that they draw from that does not affect their bonuses, if applicable. Our success is a direct correlation of our associates, and we are happy they continue to succeed with us.
We are currently sitting on $3.81B in cash, which we utilize rather than borrowing when we wish to expand or build. We are always looking to acquire profitable companies that have the potential for further growth, especially in the entertainment market.
Stock split 3 for 1 on 6/1/10. We have always kept our stock at a low price, as many of our associates and customers enjoy purchasing the stock in small increments on a regular basis, either by payroll deduction or automatic withdrawal.
We have rewarded our associates with a gift of stock since our inception. Below is how much they would have accumulated if they had been with us since 2002, both part-time and full-time:
PT: 20 in '02 & '03 (now 540 each), 20 in '04 & '05 (now 180 each), 20 in '06-'09 (now 60 each), 50 in '10-'12--1830 shares
FT: 50 in '02 & '03 (now 1350 each), 50 in '04 & '05 (now 450 each), 50 (now 150 each) in '06-'09, 100 in '10-'12--4500 shares
Major shareholders include Bryan Clark, who originally founded the company, who owns 107.6M shares of common stock (of 1.08B issued), about 10% of the company. Mr. Clark's shares are in a trust as he holds political office.
We have 38K FT associates and 175K PT associates.
{FSB balance to begin $53.10+19=$72.10, goal is to have $125.}
FSB + 47 = number
FSB end + 58+ 72.10 = end of year
Fiscal year ended 12/27/12.
Stock price as of close of market 12/27/12 was $37.33.
Total revenue was $31.72B. Profit was $1.3218B or $1.04 per share.
For the upcoming fiscal year, which will end 12/26/13, American Pride is estimating profit of $1.35B, or $1.25 a share, on revenues of $35.5B.
We have 135 APC Freedom theaters open, with 2154 screens. We have plans for growth both in acquisition and building (currently 14 theaters in various stages of development).
1343 APC Liberty second run theaters are open, with 9688 screens. Plans for growth in both acqusition and building are in progress.
121 Hooters Night Owls "cinema cafes" are open, in the upper Midwest, southern US, with expansion into the Northeast last year and in progress. Will continue expanding in the next 5 years, with 50-75 planned for '13, and will be a national presence by 2015.
Intend to open a pair of cobranded, first run cinema cafes...working name, Night Owl Freedom theaters. Will open in Stillwater, MN and Minnetonka, MN 11/15 (soft open 11/8). Building to begin June, 2013.
American Capitalist financial services now have 18 total offices. Began with $40M in invested funds. $19.7B in invested funds as of 12/27/12 . Now a prime player in 401K/403B investing, as well as heavily into the niche market of self-investing. Will continue to grow through success and possible acquisition.
American Security Preservation, mainly involved in life insurance, annuities, and wealth preservation. Annual premiums of $3.8B. Doubled premiums in '12 mainly through 5, 10, and 15 year annuities that paid about 1% more than standard rates and commission increase of 50% to agents.
American Motivation looks to help people make the most of what they have and meet their goals. Operates during the school year, Sep-May, Tue-Thurs, during non-holiday weeks. We expect to have 110 events this fiscal year, up from 100. Focus is on filling arenas in metro/suburban areas.
White Castle has 522 outlets and same store sales increased 7.9% due to increase in marketing and specials. 50 expected to open in 2013.
Biggby Coffee has 221 outlets and same store sales increased 14.1% due to successful loyalty program and lower price/bigger serving combo. 120 expected to open in 2013.
Hooters has 644 locations worldwide, with 475 in the USA. Sales were up 11.5% in 2012, and we expect to open 75-100 more, mostly outside of the USA in 2013.
Hooters Live now has 8 locations, all in the upper Midwest. Expansion planned for south in 2013, confirmed in Austin, Houston, San Antonio, New Orleans, San Diego, LA, Portland, Seattle, and Vegas. Will have 20-25 open by the end of the year. Live is a destination for live music 6-7 nights a week, and pool/darts/volleyball/softball/poker leagues and tournaments.
Purchased Hooters hotel in Vegas on 2/22/12. Significant growth in poker and casino business, and headliners in arena. Jeff Foxworthy signed to headline six weeks through 2018, Larry the Cable Guy four weeks per year through '18, Bill Cosby, four weeks through '16, Jerry Seinfeld, four weeks through '16, Chris Rock, four weeks through '16, Jeff Ross, eight weeks through '18, Dennis Miller, four weeks through '16, Norm McDonald, four weeks through '16, LeAnn Rimes, six weeks through '16, Kelly Clarkson, four weeks through '16, Elton John, two weeks through '16, Joel Osteen, two weeks through '16. All do shows Fri-Tues, some do two shows Fri/Sat
Best poker tournaments, 2K seat performance venue added early 2013, 500 seat comedy club added April, 2013,
Krispy Kreme has 489 locations worldwide. Sales were down 1.7% in '12.
Purchased AAA baseball team, moved to Lake Mills, WI, to be named Madison Mosquitoes, affiliate of Brewers. New stadium and entertainment complex will open early '13, including Leinenkugel Park, the crown jewel of minor league baseball stadiums, 10K capacity.
Starting eight team women's pro soccer league, WCS, which will begin play in spring, 2013.
Newcastle United remains a tradition rich club in the English Premier League.
We plan on continuing to grow and be a successful and profitable company. We always have been a debt-free company, as well as a charitable member of the community, state, and country. We do not plan to change that aspect of our business. Each of our establishments have a planned budget for special events for good causes that they draw from that does not affect their bonuses, if applicable. Our success is a direct correlation of our associates, and we are happy they continue to succeed with us.
We are currently sitting on $3.81B in cash, which we utilize rather than borrowing when we wish to expand or build. We are always looking to acquire profitable companies that have the potential for further growth, especially in the entertainment market.
Stock split 3 for 1 on 6/1/10. We have always kept our stock at a low price, as many of our associates and customers enjoy purchasing the stock in small increments on a regular basis, either by payroll deduction or automatic withdrawal.
We have rewarded our associates with a gift of stock since our inception. Below is how much they would have accumulated if they had been with us since 2002, both part-time and full-time:
PT: 20 in '02 & '03 (now 540 each), 20 in '04 & '05 (now 180 each), 20 in '06-'09 (now 60 each), 50 in '10-'12--1830 shares
FT: 50 in '02 & '03 (now 1350 each), 50 in '04 & '05 (now 450 each), 50 (now 150 each) in '06-'09, 100 in '10-'12--4500 shares
Major shareholders include Bryan Clark, who originally founded the company, who owns 107.6M shares of common stock (of 1.08B issued), about 10% of the company. Mr. Clark's shares are in a trust as he holds political office.
We have 38K FT associates and 175K PT associates.
{FSB balance to begin $53.10+19=$72.10, goal is to have $125.}
FSB + 47 = number
FSB end + 58+ 72.10 = end of year
