Search found 272 matches

by kr.abs.swy
October 15th, 2022, 11:07 pm
Forum: Non Region-Specific
Topic: Kroger to merge with Albertsons?
Replies: 1470
Views: 103067

Re: Kroger to merge with Albertsons?

Almost every company has debt. That's just how it works. Pull up basically any company you can think of on Yahoo Finance. 90%+ will have debt. Expected return on equity is MUCH higher than the cost of debt. If there was no debt, the companies would have to generate even higher income to meet the exp...
by kr.abs.swy
October 15th, 2022, 10:57 pm
Forum: Non Region-Specific
Topic: Kroger to merge with Albertsons?
Replies: 1470
Views: 103067

Re: Kroger to merge with Albertsons?

EBITDA is the money they have to pay principal, pay interest, pay taxes, for capex, and to deal with working capital changes. Round numbers, they have $4bn in EBITDA. Assuming $14bn of debt at a 5% interest rate, interest expense would be $700MM per year, leaving them ~$3.3bn to do everything else. ...
by kr.abs.swy
October 14th, 2022, 9:31 pm
Forum: Non Region-Specific
Topic: Kroger to merge with Albertsons?
Replies: 1470
Views: 103067

Re: Kroger to merge with Albertsons?

I absolutely do not understand all of the hate that is being tossed around here with regards to Albertsons' finances. As a reminder, Albertsons Companies and Kroger are both publicly traded. Go to SEC Edgar or their IR pages and download their 10-K, and you'll know everything you want to know about ...
by kr.abs.swy
October 13th, 2022, 9:32 am
Forum: Non Region-Specific
Topic: Kroger to merge with Albertsons?
Replies: 1470
Views: 103067

Re: Kroger to merge with Albertsons?

It will be interesting to see how they handle divestitures, assuming this goes forward. Will they divest by region, or will they divest by individual market. For example, in Oregon, would Saf-er choose to divest the entire Fred Meyer operation vs. the entire Safeway/Albertsons operation, or would th...
by kr.abs.swy
July 31st, 2022, 11:15 am
Forum: Department Store Chains
Topic: 2022: 10 Kmart, 23 Sears stores remain...
Replies: 205
Views: 40560

Re: 2022: 10 Kmart, 23 Sears stores remain...

I was back in Seattle this week, so I stopped in at the Southcenter Sears again. Continue to just be amazed that Sears thinks that the highest and best use of an entire floor of this store is to sit vacant. This has got to be expensive real estate in a busy mall surrounded by retail, but the best bu...
by kr.abs.swy
July 7th, 2022, 8:32 am
Forum: Restaurant Chains
Topic: Subway Eliminates Customization and Switches To 12 Sandwiches
Replies: 13
Views: 4304

Re: Subway Eliminates Customization and Switches To 12 Sandwiches

This is a win-win for everyone. It will take them less time to make the standard sandwiches, so the lines will move a bit more quickly. If it takes even 15 seconds less per sandwich, that will add up in a big way if there are 7 people in front of you at lunch time. If you are ordering online and are...
by kr.abs.swy
July 7th, 2022, 4:06 am
Forum: Restaurant Chains
Topic: Subway Eliminates Customization and Switches To 12 Sandwiches
Replies: 13
Views: 4304

Re: Subway Eliminates Customization and Switches To 12 Sandwiches

Can we please stick to facts and avoid the exaggerations? Subway is not "eliminate(ing) customization." They are adding an order-by-number system like many other fast food chains to make it easier and faster to order sandwiches. But -- per their PR team -- "guests are still able to or...
by kr.abs.swy
April 25th, 2022, 8:38 am
Forum: Restaurant Chains
Topic: Burger King
Replies: 29
Views: 2943

Re: Burger King

Caveat that my info is 20+ years old ... we had a "HAACP" checklist that each shift manager was supposed to run through. It was a written sheet of paper where we recorded a temperature from a burger that had come off the broiler, in the steamers, of the friers, in the fry bin, etc., that w...
by kr.abs.swy
April 24th, 2022, 7:53 pm
Forum: Restaurant Chains
Topic: Burger King
Replies: 29
Views: 2943

Re: Burger King

Super S, my knowledge is 20+ years old. I can't speak to current procedures. 20+ years ago, Burger King had breakfast croissan'wiches and breakfast biscuits, with either ham, bacon or sausage on them. So you basically had six sandwich choices (or the French toast sticks and Cinni-Minis) for breakfas...
by kr.abs.swy
April 23rd, 2022, 9:26 pm
Forum: Restaurant Chains
Topic: Burger King
Replies: 29
Views: 2943

Re: Burger King

To be clear, just about everything on sale at a Burger King has been frozen -- at least that was the case 20+ years ago when I worked at one. Whopper patties, chicken patties, fish patties -- all frozen. French fries, onion rings -- all frozen. Egg patties, sausage, bacon -- all frozen. Chicken Tend...