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Old 12-05-2012, 04:07 PM   #1
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Default More restaurants blaming Obamacare...

so that makes it how many? anyone has a list of these anti-healthcare restaurants? ive never eaten at chickfilup or daddy-johns so theyre not a problem. i havent eaten at red robsters for at least 15 years and only dined at olive pardon once. any others? as i have grown older ive frequented locally owned restaurants more.

Red Lobster Fears Diner Backlash Over Obamacare - Yahoo! Finance

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Old 12-05-2012, 04:48 PM   #2
 
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That is so lame! I feel so bad for the employees in these restaurants. They are now put between a rock and hard place -- quit and find a new job (that hopefully will pay the bills) or stay put because it's a tough market out there, and at least it's some money.

Part of me wants to boycott these restaurants, and another part of me wants to dine in these establishments and leave the servers fat tips.
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Old 12-05-2012, 04:49 PM   #3
 
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i'm confused

Quote:
Red Lobster, Inc. Reports Earnings Results for the Second Quarter Ended November 27, 2011
Dec 16 11
Red Lobster, Inc. reported earnings results for the second quarter ended November 27, 2011. For the quarter, the company reported sales of $602 million were 8.3% higher than the prior year, driven by its U.S. same-restaurant sales increase of 6.8% and revenue from eight net new restaurants. On a percentage of sales bases, higher food and beverage expenses and depreciation expense more than offset lower restaurant labor expenses, restaurant expenses and selling, general and administrative expenses, resulting in a decrease in operating profit for the quarter.
so in 2011 they had record profits and lower labor restaurant expenses and now they want to say because of obamacare they want to cut labor costs even lower.

if they do, i'll be sure not to eat at any of their restaurants again. i sometimes go to olive garden-maybe 3 times a year.

according to darden's stock price graph, the highest stock price they've ever had was oct 2012. it seems they're just trying to shaft their employees to make more money.

i could understand this if they were a small business owner, but they're a monster company.

fyi

darden restaurants own:
olive garden
longhorn steakhouse
bahama breeze
smokey bones
seasons 53
red lobster
the capital grille
eddie v's prime seafood
yard house

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Old 12-05-2012, 05:17 PM   #4
 
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Originally Posted by frau View Post
i'm confused

Quote:
Red Lobster, Inc. Reports Earnings Results for the Second Quarter Ended November 27, 2011
Dec 16 11
Red Lobster, Inc. reported earnings results for the second quarter ended November 27, 2011. For the quarter, the company reported sales of $602 million were 8.3% higher than the prior year, driven by its U.S. same-restaurant sales increase of 6.8% and revenue from eight net new restaurants. On a percentage of sales bases, higher food and beverage expenses and depreciation expense more than offset lower restaurant labor expenses, restaurant expenses and selling, general and administrative expenses, resulting in a decrease in operating profit for the quarter.
so in 2011 they had record profits and lower labor restaurant expenses and now they want to say because of obamacare they want to cut labor costs even lower.

if they do, i'll be sure not to eat at any of their restaurants again. i sometimes go to olive garden-maybe 3 times a year.

according to darden's stock price graph, the highest stock price they've ever had was oct 2012. it seems they're just trying to shaft their employees to make more money.

i could understand this if they were a small business owner, but they're a monster company.

fyi

darden restaurants own:
olive garden
longhorn steakhouse
bahama breeze
smokey bones
seasons 53
red lobster
the capital grille
eddie v's prime seafood
yard house
I have no problem NOT patronizing these restaurants. I'll be at mom & pop joints with high health dept. grades. This us the dumbest marketing ever. The 47% eat at these places, they are missing the trees for the forest on this one

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Old 12-05-2012, 06:47 PM   #5
 
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I've eaten at most of these places but not lately. And incidentally Darden sold all their Orlando area Smokey Bones restaurants some time ago.
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Old 12-05-2012, 07:17 PM   #6
 
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Darden has been closing a lot of their restaurants, due to losses, the past few years. They are primarily closing the Smokey Bones & Red Lobsters, as far as I know.

I didn't realize they own YardHouse too.
They're headquartered here & don't have a YardHouse here. I don't go to Darden restaurants frequently, but I have a lot of Darden gift cards & have been meaning to go spend them at Seasons 52. It's disappointing to read this about the company.
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Old 12-06-2012, 01:10 AM   #7
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i see Denny's is also in the act. i have fond memories of high school hangouts there and was one of my first job out of school. oh well
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Old 12-06-2012, 01:25 AM   #8
 
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With Denny's included, there are 4 of the listed restaurants with in 2 hours of my house. It is sad because here, they are the places that you treat yourself to when spending the day at the mall. Denny's is where you go after the club.

Since we do not have many large chain restaurants (aside from fast food) in my immediate area, it has been mom and pop places which grew into local chains cutting labor and/or shutting down.

It is terrible news for the employee's.
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Old 12-06-2012, 06:22 AM   #9
 
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once again, please explain WHAT the closings have to do with obamacare????
if they've been closing stores for a while and obamacare hasn't gone into affect yet, one has nothing to do with the other.
sounds to me like scapegoating.
they're not closing because of obamacare, they're closing because people can't afford to eat out much anymore BECAUSE jobs are being lost and wages have been cut and trust me, i know as a worker they're hiring less and working those who have jobs a ton more. i'm ready to lose my mind. i can't afford to go out and buy a single chicken nugget (not that i eat that crap, i'm just sayin').

and furthermore the reason people have lost jobs in the first plae is due to the fallout of corporate greed. if bankers and hedge fund whatevers, weren't trying to swindle the public so they could make profits off of all these darn mortgages then we wouldn't be in this mess right now.

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Old 12-06-2012, 07:06 AM   #10
 
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once again, please explain WHAT the closings have to do with obamacare????
if they've been closing stores for a while and obamacare hasn't gone into affect yet, one has nothing to do with the other.
sounds to me like scapegoating.
they're not closing because of obamacare, they're closing because people can't afford to eat out much anymore BECAUSE jobs are being lost and wages have been cut and trust me, i know as a worker they're hiring less and working those who have jobs a ton more. i'm ready to lose my mind. i can't afford to go out and buy a single chicken nugget (not that i eat that crap, i'm just sayin').

and furthermore the reason people have lost jobs in the first plae is due to the fallout of corporate greed. if bankers and hedge fund whatevers, weren't trying to swindle the public so they could make profits off of all these darn mortgages then we wouldn't be in this mess right now.
Perhaps it is the straw that broke the camel. For instance, if your household in on a tight budget and you are barely getting by, in fact you've had to scale back in recent years, then adding an additional cost to your budget finally breaks you. It is simple economics and one I must face in my own business.

I have a fixed amount of dollars I can spend on labor, if my healthcare costs increase, I must either reduce another benefit, or reduce pay, or perhaps increase my prices, or become more efficient.

Now because we have been in a very tight economy for the last four years, I have done all the things necessary to stay in business, including reducing costs, becoming more efficient, and taking home less pay myself. I don't have any more resources to spend on labor. What do you suggest I do? I can't seem to raise my prices because my consumer (home construction) is severely hampered already and my customers including any homebuyer, simply cannot afford to pay a higher price. I am already working at subsistence wages just trying to keep the doors open, so in my case I am not hording substantial profits....I am making less than my employees with all the headaches of owning and operating a business.


It is simply a matter of economics. Without profits there are no shareholders, without shareholders there is not enough capital to keep in operation.
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Old 12-06-2012, 12:10 PM   #11
 
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FYI http://hotair.com/archives/2012/12/0...me-employment/

I believe the lower Darden chains have been losing money for years. Not since the economy crash but since more of America realized eating crap was killing them.
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Old 12-06-2012, 12:35 PM   #12
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i have no problem with any enterprise that refuses to provide health benefits to their employees. its their business and they run it the way they see fit. you cant legislate greed. but lets call it what it is simple scapegoating.
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Old 12-06-2012, 12:41 PM   #13
 
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Quote:
Originally Posted by frau View Post
once again, please explain WHAT the closings have to do with obamacare????
if they've been closing stores for a while and obamacare hasn't gone into affect yet, one has nothing to do with the other.
sounds to me like scapegoating.
they're not closing because of obamacare, they're closing because people can't afford to eat out much anymore BECAUSE jobs are being lost and wages have been cut and trust me, i know as a worker they're hiring less and working those who have jobs a ton more. i'm ready to lose my mind. i can't afford to go out and buy a single chicken nugget (not that i eat that crap, i'm just sayin').

and furthermore the reason people have lost jobs in the first plae is due to the fallout of corporate greed. if bankers and hedge fund whatevers, weren't trying to swindle the public so they could make profits off of all these darn mortgages then we wouldn't be in this mess right now.
I absolutely believe the chains around here have been scapegoating. They started closing 2 out of 3 restaurants, and cutting labor, several months before the election. I know that several restaurants here had been suffering, for a long time. Just an economic slump or down time. We didn't have any where near the normal number of tourists for years.

But of course they said "obamacare" when giving news interviews.
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Old 12-06-2012, 01:37 PM   #14
 
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Perhaps that inability to understand cause and effect is why the restaurants are failing in such large numbers...

Kitschy - the straw, yes, I could believe of some. Your reasoning you've given makes a lot of sense why you're struggling, and the housing market collapse sure doesn't help, I'm sure. But if you fail (which I obviously hope you do not!), I hope you wouldn't say it was all because of Obamacare, even if you do express that it was the final straw for you.
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Old 12-06-2012, 02:42 PM   #15
 
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I'mma just keep getting healthier and healthier. Come on restaurants, say more bogus crap.


That's like my job, someone told me they used to not fire people but cut their hours so severe that the person was forced to quit so they couldn't get a unemployment check.
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Old 12-06-2012, 03:43 PM   #16
 
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This is total bs - or as frau put it (more politely) scapegoating.

John Schnatter (owner of Papa John's) estimated the cost of Obamacare to be about 14 CENTS per pie. Seriously?? (in fact, the true cost is about 4 cents per pie, according to the conservative business magazine Forbes.) I'd be more than happy to pay a nickel more so that some of my fellow Americans don't have to worry about getting sick. (guess that makes me a socialist, huh? ; )

To put that into perspective, the Papa John's "2 million free pizzas" promotion cost SIXTEEN times more than providing health care to all his employees for a year.

Mr. Schnatter, meanwhile, is not exactly living hand-to-mouth on razor-thin profit margins. He owns a 40,000 square foot palatial home with several swimming pools, private golf course and a 22 car garage.

People who work hard and succeed deserve to enjoy the fruits of their labor. But your employees contribute to that success, and deserve their fair share, just as everyone should bear the burden when businesses struggle, not just the workers (I'm looking at you, Hostess CEO Gregory Rayburn, along with many other executives who get generous bonuses while laying people off).


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