LANDRYS RESTAURANTS INC 8-K 2009
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Landry's Restaurants, Inc.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Item 2.02 Results of Operations and Financial Condition.
On January 26, 2009, Landry's Restaurants, Inc. (the "Company") announced that revenues for 2008 are expected to be approximately $1.1 billion, comprised of $891.0 million for the restaurant and hospitality group which reflects $13.0 million in lost revenue as a result of Hurricane Ike and $253.0 million for the Golden Nugget. Same store sales for the year are expected to be a negative 2% when the Company reports its 2008 fourth quarter and full year results in March 2009, while 2008 adjusted EBITDA (Earnings before interest, income taxes, depreciation and amortization) is expected to be between $136.0 million and $138.0 million for the restaurant and hospitality group and between $62.0 million and $63.0 million for the Golden Nugget, excluding income and expenses associated with the terminated going private transaction, dispositions and the $430.0 million refinancing, which is expected to close in February 2009. Substantially, all of the Company’s operations in Galveston and Kemah are reopened with the final businesses expected to be opened before Valentine’s Day.
Item 9.01 Financial Statements and Exhibits.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.