Middleby 2Q17 Earnings Call Notes
Selim Bassoul – Chairman and CEO State of the industry “Yes, Larry, I could give a lot of visibility on what I see. So let me start with talking a little bit about the state of the industry. I think … Continued
Middleby 1Q17 Earnings Call Notes
Selim A. Bassoul – Chairman and CEO Labor is an issue “The next one where I’m seeing significant change flocking to us is about this labor. So, labor has become finally an issue that I’ve been talking about labor, we … Continued
Middleby 4Q16 Earnings Call Notes
Selim Bassoul People are focused on labor costs Tim, we just saw hundreds of changes now from coming, looking for solutions. They were all people I’ve talked to, traditional restaurant and non-traditional which is convenient stores and outlets where they … Continued
Middleby 3Q16 Earnings Call Notes
The Middleby Corporation’s (MIDD) CEO Selim Bassoul on Q3 2016 Results Have not seen tectonic shift in customer behavior “From our perspective we do not see any indication in our customer base in the restaurant business that they are slowing … Continued
Middleby 2Q16 Earnings Call Notes
Selim Bassoul Restaurant business continues to do well ” On the domestic side, we continue to see the restaurant business doing very well. At least so far, the total restaurant same-store sales were up 2.4% from a year ago, and … Continued
Middleby (MIDD) CEO Selim Bassoul
Middleby (MIDD) CEO Selim Bassoul said he introduced the touch screen before Apple “In 2006, we introduced the touch screen control. Why did we introduce touch screen control? Because there is 400% turnover in our customer’s employee base. So we … Continued
Middleby’s 4Q15 Earnings Call Notes
The Middleby’s (MIDD) CEO Selim Bassoul on Q4 2015 Results Two restaurant trends are rising wages and delivery “if I look at what’s going on in the industry business, it bodes well for Middleby. One, we continue to see the … Continued
Middleby 2Q15 Earnings Call Notes
It’s taken discipline to grow the Viking brand “We’ve had many recalls. We’ve had legacy issues on quality. We’ve had pricing all over the board. We’ve had people on the Internet basically offering pricing where you could buy a Viking … Continued
Middelby 1Q15 Earnings Call Notes
Chains have to reinvent their kitchens to meet consumer tastes So most chains will have to invent their kitchen with significant shifts and I can give more color to that. The fact casual will continue to push fresh meat to … Continued
Middelby 4Q14 Earnings Call Notes
the mood in food service is strong ” the mood, the mood for the commercial foodservice is very strong. In fact restaurant sales especially in certain categories which are the sweet spot for Middleby continues to do well. Casual pizza … Continued