Question-and-Answer Session
Operator
Thank you sir. Ladies and gentlemen, we'll now begin the question and answer session. As a reminder, if you do have a question, please press the star, followed by one at this time. If you'd like to remove your question, please press the star, followed by the zero. As a reminder, if you are using speaker equipment, please pick up the handset before making your selection.
Our first question comes from the line of Jeff Farmer with Jefferies & Company, please go ahead.
Jeff Farmer – Jefferies & Company
Great. thank you and good afternoon. Apologize if I missed some of this, but I was hoping to get a better read on the weekly (inaudible) for sales trends over the last, I guess, five weeks. More specifically where your (inaudible) for sales turning down 10% into November.
Manny Hilario
We haven't reported in November, but in October it was very much down, 10% almost every single one of the weeks. So there was not unusual up and down spikes during this period. So it was a constant just down 10.
Jeff Farmer – Jefferies & Company
Okay, and then, I guess in terms of an early read on your holiday banquet this year versus last, at this point have you seen cancelled reservations or anything like that?
Douglas Schmick
Yes, it’s a little early to get a full read. Obviously we have seen some cancellation of some of the larger events. The strategy's in place to go after any and all events, and the goal is just to fill up the rooms. We're not going to hold back. As we said earlier, the national sales campaign, we are starting to get some good traction on that. So we hope to make up the difference of whatever, you know, major event might be cancelling.
Jeff Farmer – Jefferies & Company
Okay, so I guess you're hoping to essentially to hold it flat would be a good year, it sounds like?
Douglas Schmick
I would love to hold it flat and we might be able to improve a little bit but it’s a little early right now to?
Jeff Farmer – Jefferies & Company
Okay and then final question for me. Manny can you update us on where you stand with your (inaudible) covenants considering what's going on, on both the top and the bottom line?
Manny Hilario
No issues within the foreseeable future.
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