QSRWeb.com: KFC Corp. has been ordered to hand over almost $250,000 in unpaid corporate income taxes to the state of Iowa. Interestingly, the company doesn’t have any restaurants or employees in the state – all units are owned by franchisees. However, the franchise operators pay KFC for the use of its logo and systems, and […]
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SmartCompany.com.au: Villa & Hut founder Franz Madlener has finally managed to rescue his beloved retail chain from the wreckage of collapsed franchisor Allied Brands, and says he will now concentrate on staving off personal bankruptcy related to debts due to Allied’s woes. Madlener, who started looking for a white knight for Villa & Hut in
Franz Madlener Pulls Off Villa & Hut Rescue But Still Faces Bankruptcy Fight Read More »
Franchising.net.au: Franchise convenience retailer, 7-Eleven, has announced the launch of new MoneyGram self-service kiosks in its stores, making it faster, easier and more convenient for consumers to send money at any time of the day or night. Approximately 400 stores across the states of Victoria, NSW and Queensland will now offer the MoneyGram kiosks, which
7-Eleven Makes Money Transfers Easy Read More »
American Consumer News: Zacks Investment Research research analysts reiterated an “outperform†rating for shares of Krispy Kreme Doughnuts in a research note issued to investors on Wednesday. Krispy Kreme Doughnuts’s stock traded down 3.53% on Tuesday, hitting $6.83. Krispy Kreme Doughnuts has a 52 week range of $2.56 to $8.14. The stock’s 50-day moving average
Melodika.net: AFC Enterprises, Inc., the franchisor and operator of Popeyes®, today announced the completion of a new five-year $100 million credit facility on December 23, 2010. The new facility is comprised of a $40 million term loan and a $60 million revolver. Proceeds from the refinancing together with available cash were used to retire approximately
AFC Enterprises Completes The Refinancing Of Credit Facility Read More »
Eater National: While the economy slumped, McDonald’s boasted a 6.1% increase in same-store sales, largely thanks to an increased number of new menu items like smoothies and their McCafe coffee drink line. Seems not all locations have had success with the products, though: one franchisee said the McCafe’s are so unpopular “we are not even
McDonald’s Menu Explosion Read More »
Seeking Alpha: McDonald’s is the world’s largest Quick-Service Restaurant (QSR) as measured by system-wide sales (i.e., sales directly to end consumer). MCD has twice the sales of Yum! Brands (YUM) (e.g., KFC, Taco Bell, Pizza Hut), the next closest competitor, while having roughly 5,000 fewer units worldwide. MCD operates throughout the world but is mainly
McDonald’s Analysis And Valuation Read More »
Zacks.com: Louisville, Kentucky-based Papa John’s International Inc. recently initiated the guidance for 2011 and affirmed the same for 2010. Based on the domestic system-wide comparable sales growth of 1.5% to 2.5% and international system-wide comparable sales growth of 1.0% to 3.0%, the company expects its 2011 earnings per share to be in the range of
Papa John’s Initiates 2011 Outlook Read More »
Newswire Today: Corporate Caterers Columbus has posted record weekly sales after only eight months since opening its doors. While many new businesses have faced an uphill battle in the challenging economy, the Columbus catering company has jumped off to a quick start with things only looking to get better as they enter the busy holiday
Columbus Catering Franchise Posts Record Sales – CorpCaterers.com Read More »
Franchising.com: Domino’s Pizza, the recognized world leader in pizza delivery, will put an exclamation mark on an impressive 2010 by celebrating its 50th birthday on Dec. 9. The company, which 50 years ago today opened its first store in the college town of Ypsilanti, Mich., will commemorate the occasion by ringing The Closing Bell(R) at
Domino’s Pizza Turns 50, Celebrates Its Global Success At The New York Stock Exchange Read More »
