This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Razzoo’s Cajun Cafe, a 20-unit casual chain located primarily in Texas, filed for Chapter 11 bankruptcy protections on Wednesday, court documents filed with the Southern District of Texas Houston Division show. The concept was founded in 1991 in Dallas and grew to 24 units across Texas, North Carolina and Oklahoma. It closed four underperformin ...

Core Insights - At the beginning of 2024, there are signs of improvement in the market, but uncertainties remain regarding SL Green (NYSE: SLG) due to the impact of higher interest rates on its business [1]. Group 1: Company Overview - SL Green is experiencing challenges attributed to rising interest rates, which have negatively affected its operations [1]. Group 2: Investment Opportunities - The investing group "Value In Corporate Events" focuses on identifying opportunities in IPOs, mergers & acquisitions, earnings reports, and corporate capital allocation changes, providing coverage of 10 major events monthly [1].

Group 1 - The combination of higher interest rates, a housing shortage, and inflationary pressures has worsened over the past two years [1] - Triba Research aims to identify high-quality businesses that can deliver sustainable, double-digit returns in the long term [2] - The investment strategy emphasizes companies with strong competitive advantages, low debt levels, and skilled management teams [2] Group 2 - Triba Research remains focused on long-term value creation while staying informed about market developments [2]

Group 1 - Home Depot missed earnings expectations with earnings of $3.56 per share, falling short by $0.03, but reported stronger-than-expected sales of $39.9 billion, exceeding analyst expectations by approximately $600 million and reflecting a year-over-year growth of 9.5% [3][4] - The company is facing challenges due to higher interest rates and macroeconomic uncertainty, which are limiting home sales and improvement projects, thereby softening demand for its products [3][4] - Home Depot reiterated its full-year guidance, projecting total revenue growth of about 2.8% and comparable-store sales growth of 1% [4] Group 2 - The company did not repurchase any shares during the quarter but continues to pay a dividend with a yield of 2.4%, while reducing its share count by over 7% in the past five years [5] - Despite current headwinds, Home Depot's stock is priced only 12% below its all-time high, indicating that investors are aware of the challenges but do not view the stock as a bargain [6][7] - The stock is considered a good option for long-term investors, although those expecting significant gains with economic recovery may be disappointed [6][7]

Core Insights - Business Development Companies (BDCs) are beginning to experience challenges due to a prolonged period of higher interest rates, with PennantPark Floating Rate Capital (NYSE: PFLT) being one of the affected companies [1] Group 1: Industry Challenges - The prolonged period of higher interest rates is impacting many BDCs, indicating a broader trend within the industry [1] Group 2: Investment Strategy - A hybrid investment strategy that combines classic dividend growth stocks with BDCs, REITs, and Closed End Funds can enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1]

lululemon athletica inc. (LULU) is likely to witness top and bottom-line growth when it reports fourth-quarter fiscal 2024 results on March 27, after market close. The Zacks Consensus Estimate for fiscal fourth-quarter sales is pegged at $3.6 billion, indicating an 11.7% increase from the year-ago quarter's reported figure.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The consensus estimate for the company's fiscal fourth-quarter earnings is pegged at $5.85 per share, suggesting 1 ...