MarketWatch:
Spicy Pickle Franchising, Inc., fast casual restaurant operator and franchisor of its Spicy Pickle(R)
U.S. and BG Urban Cafe(TM) Canadian brands, today reported on its outlook for the remainder of this year and through 2011.
The company’s new CEO (since April) Mark Laramie noted, “We have made significant progress in setting the company on the road toward profitability and ultimate success despite the poor overall operating environment in the U. S. in the past six months.
“These are still difficult times for restaurants, including for fast casuals and bakery cafes, as weak consumer spending continues and we are not expecting any significant near term help from the economy. Our comments should be understood in that context.