January 19, 2016 American Pride press release, fiscal statement
Fiscal year ended 12/31/15.
Stock price as of close of market 1/15/16 was $48.68
Total revenue was $44.55B. Profit was $1.8991B or $1.76 per share.
For the upcoming fiscal year, which will end 1/1/16, American Pride is estimating profit of $1.998B, or $1.85 a share, on revenues of $46.778B. Next year's fiscal year will have 52 weeks; same as this past year. We are forecasting revenue and profit up about 5%.
Thoughts about the future:
Our sports and lifestyle network will still be in its early stages, but is gaining more respect daily in the industry.
We have 1128 Freedom theaters with 15692 screens. Of those, about 350 are Freedom Night Owls, which have premium seating and a full menu. All have a Hooters Limited in the lobby, as a meeting place and lounge for before and after the movie. Building 32-40 screen theater and entertainment complexes in metro areas, near connecting interstates. Comedy club, Hooters Live, restaurants, batting cages, fitness clubs, tennis/racquetball courts, walking/running tracks.
We have about 448 Liberty theaters and 3224 screens at the end of the year, as we run about 97% of the "budget cinemas" in the USA. About 240 of those are Liberty Night Owls "cinema cafes" are open, in the upper Midwest, southern US, with expansion into the Northeast last year and in progress. Star Wars 7, The Force Awakens, was as close to a printing press as we have ever seen. It likely is responsible for about 1% of the profit for 2015, and that was taken into account when estimating next year's growth...no similar blockbuster will appear until 2017
American Capitalist financial services now have 38 total offices. Began with $40M in invested funds. $51B in invested funds as of 12/26/13 . 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 $5.75B. .
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 60 events this fiscal year. Focus is on filling arenas in metro/suburban areas.
White Castle has 642 locations, sales up 3.7%.
Biggby Coffee has 508 outlets and same store sales increased 5.1%.
Hooters has 734 locations worldwide, with 445 in the USA. Sales were up 4.5%.
Hooters Live now has 72 locations, all in the USA, mostly in high population suburban markets. Live is a destination for live music 6-7 nights a week, and pool/darts/volleyball/softball/poker/trivia leagues and tournaments.
Hooters hotel in Vegas 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. Destination hotel/casino/Hooters restaurant, busiest Hooters in the world. Best poker tournaments, 2K seat performance venue added early 2013, 500 seat comedy club added April, 2013.
Krispy Kreme has 529 locations worldwide. Sales were up 1.5%. .
AAA baseball team, in Lake Mills, WI, named Madison Mosquitoes, affiliate of Brewers. New stadium and entertainment complex opened early '13, including Leinenkugel Park, the crown jewel of minor league baseball stadiums, 10K capacity.
Twelve team women's pro soccer league, WCS, which began play in 2013, expanded to 14 for 2016.
Trump Tower Hooters Atlantic City gained revenue last year, mainly due to increased seminar and convention business. Gaming up 11%.
Hostess brands continues to do well.
Began Basset Hound moonshine mixers, now available everywhere.
Started Sports and Leisure TV, a four channel pack, in 2014. Won rights to broadcast NFL, NBA, MLS, and WCS, and purchased CBS Sports Network, and The Tennis Channel, and will maintain those commitments.
Purchased Red Lobster in 2014, rebuilding the brand. Sales up 17.2%, though they had nowhere to go but up.
Purchased Homestyle Dining, which is Ponderosa and Bonanza. Renamed all to Ponderosa. Sales up 7.9%.
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.
Because of our expansion into TV, snacks, and moonlight mixers in 2013/2014, we are looking to sit back and grow our business in 2015, though we are always open to adding profitable companies with room for growth. We are currently sitting on $4.32B in cash, which we utilize rather than borrowing when we wish to expand or build.
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-'14--1930 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-'14--4700 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 45K FT associates and 225K PT associates.