Golden Corral adding 29 outlets
Golden Corral is buying 29 restaurants in five states from a franchisee that had planned to sell them to an…
Tag: Restaurant Financials
Frisch’s Announces Golden Corral Franchising’s Exercise of Its Right of First Refusal to Purchase Golden Corral Units
Frisch’s Restaurants, Inc. (NYSE Amex: FRS) today announced that Golden Corral Franchising Systems, Inc. has exercised its right of first…
McDonald’s CEO Jim Skinner to Retire; Board Elects Don Thompson as Successor
McDonald’s Corporation (NYSE: MCD) today announced that Vice Chairman and Chief Executive Officer Jim Skinner has informed the Board of…
Benihana Seen Luring Richest Restaurant Deal Since ’07
Benihana Inc. needs to persuade potential acquirers that revived profits and sales at its Japanese-themed eateries are enough to justify…
Why Golden Corral didn’t work for Frisch’s
Monday’s announcement that Frisch’s Restaurants Inc. will sell off 29 remaining Golden Corral buffet eateries marks the end of a…
Burger King Holdings, Inc. Reports Fourth Quarter and Full Year Results
Burger King Holdings, Inc. (the “Company”) today reported its financial results for the quarter and year ended December 31, 2011.…
Benihana Announces Exploration of Strategic Alternatives
Benihana Inc., operator of the nation’s largest chain of Japanese theme and sushi restaurants, announced today that its Board of…
Granite City Reports 7.2% Increase in Revenue in Fourth Quarter 2011
Granite City Food & Brewery Ltd. (NASDAQ: GCFB), a Modern American upscale casual restaurant chain, today reported results for the fourth…
Frisch’s Announces Agreement to Sell Its Golden Corral Business Segment
Frisch’s Restaurants, Inc. (NYSE Amex: FRS) today announced that it has entered into an asset purchase agreement with NRD Holdings,…
AFC Reports Fiscal 2011 Results; Provides Fiscal 2012 Guidance
AFC Enterprises, Inc. (NASDAQ: AFCE), the franchisor and operator of Popeyes restaurants, today reported results for fiscal 2011 which ended…
AFC Enterprises Names Bower President – U.S. of Popeyes
AFC Enterprises, Inc., the franchisor and operator of Popeyes restaurants, today announced that U.S. Chief Operating Officer Ralph W. Bower…
DineEquity, Inc. Provides Financial Outlook for Fiscal 2012
DineEquity, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill & Bar and IHOP Restaurants, today provided financial guidance…
DineEquity, Inc. Announces Solid Fourth Quarter and Fiscal 2011 Results
DineEquity, Inc. (NYSE: DIN), the parent company of Applebee’s Neighborhood Grill & Bar and IHOP Restaurants, today announced financial results…
The Wendy’s Company Reports Audited Fourth-Quarter and Full-Year Results for 2011
The Wendy’s Company (NASDAQ: WEN) today reported its audited results for the fourth quarter and full year ended Jan. 1,…
Indevia Accounting Brings Cost Efficient Systems to Restaurant Businesses
Born and raised in India, Dev Purkayastha was always fascinated with business, even at a young age. When he was…
McDonald’s Delivers A January Comparable Sales Increase Of 6.7%
McDonald’s Corporation (NYSE: MCD) today announced global comparable sales growth of 6.7% in January. Performance by segment was as follows: U.S.…
Buffets, Inc. Reaches Restructuring Agreement to Eliminate Outstanding Debt and Strengthen Balance Sheet
Buffets, Inc. has announced a restructuring agreement that it has reached with senior lenders holding 83% of its senior debt,…
Captain D’s Finishes 2011 Strong with Positive System Wide Same-Store Sales
When CEO Phil Greifeld took the leadership helm at Captain D’s, the fast casual seafood chain that operates and franchises…
Taco Bueno Amends Existing Credit Agreement; Pays Dividend to Shareholders
Taco Bueno Restaurants has amended its existing credit agreement to increase financial flexibility and to pay a dividend to shareholders. …
Jamba Reiterates Fiscal Year 2011 Guidance
Jamba, Inc. has reiterated fiscal year 2011 guidance and announced that it expects Company comparable store sales will be at…
Good Times Restaurants Inc. Reports 1st Quarter Sales Results
Good Times Restaurants Inc. (Nasdaq SmallCap: GTIM) today announced its seventeenth consecutive month of same store sales increases through the…
Visits to U.S. Restaurants Decline in Spring for the Eighth Consecutive Quarter, But Rate of Decline Slows Over Year Ago, Reports NPD
CHICAGO (RestaurantMagazine.com) The effects of a lingering recession continued to keep visits to U.S. restaurants down for the eighth consecutive…
U.S. Restaurant Traffic Will Grow Less than Population Growth over Next Decade, Reports NPD
Visits to U.S. restaurants are forecasted to grow less than one percent a year over the next -decade, slower than…