Wendy's issues 5-cent dividend

The Wendy's Company today announced the declaration of its regular quarterly cash dividend of $0.05 per share, payable on Sept.16, to shareholders of record as of Sept.

FEATURES


3 tips for selling your restaurant in 2014

Having your financial documents organized and up-to-date shows potential buyers you're on top of things.

4 things to consider when financing your restaurant

Small business financing is a relatively new industry and not everyone you speak to is reputable.

Tips on preparing for a minimum wage increase

Make good hiring decisions; mistakes can be costly since training new employees is a considerable investment.

Factors driving interchange rates down

Competition is offering merchants new ways to accept payments and this will lower fees over time.

Burger King CFO: QSRs will need digital ordering platforms sooner than later

All expenses at BK are examined line by line, person by person, for a discipline that has led to more efficiency.

How a government shutdown could affect the restaurant industry

A shutdown means the FDA will limit its activity to high-risk recalls; most routine food safety inspections will be suspended.

Restaurant industry experiencing better borrowing conditions

Restaurant finance exec predicts high-growth stories from customization concepts.

Wendy's CEO: More product innovation to come

The brand will continue to work toward having fast casual-quality food and experience at a QSR price point.

Good news: Restaurant sales, unit growth, financing up

Total unit growth for the Top 100 restaurant chains was 1.8 percent in 2012, the highest since 2007.

U.S. restaurant industry outlook: Slow and steady improvement

CIT's managing director says financing continues to open up for restaurant companies.

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NEWS


California franchisee acquires 39 Wendy’s restaurants

Rancho Santa Margarita, Calif.-based Cotti Foods has received a $39.4 million business loan from GE Capital’s Franchise Finance for the acquisition of 30 Wendy’s restaurants, the remodeling of existing units and the development of new units. According to a news...

El Pollo Loco begins public trading at $15 per share

On Thursday, El Pollo Loco Holdings Inc. announced the pricing of its initial public offering of 7,142,857 shares of common stock at $15 per share. According to a news release, in addition, El Pollo Loco has granted the underwriters a 30-day option to purchase up to an additional 1,071,429 shares.

McDonald's issues 81-cent quarterly dividend

McDonald's Board of Directors declared a quarterly cash dividend of 81 cents per share of common stock payable on Sept. 16 to shareholders of record at the close of business on Sept.

El Pollo Loco sets its terms to go public

El Pollo Loco, a chicken QSR based in California, has announced terms for its IPO. According to NASDAQ.com, the 401-unit chain plans to raise $100 million by offering 7.1 million shares at a price of $13 to $15. El Pollo Loco generated $319 million in sales for the 12 months ended March 31.

Doc Popcorn acquired by Dippin’ Dots

Dippin’ Dots Franchising LLC has announced the acquisition of kettle-cooked popcorn concept Doc Popcorn. Based in Boulder, Colo., Doc Popcorn’s franchise footprint includes nearly 100 franchise partners in 30 states, Japan, Mexico and Puerto Rico. "This acquisition represents a significant...

Quiznos emerges from bankruptcy

Quiznos today announced it has successfully completed its financial restructuring and emerged from Chapter 11. "Today marks the start of a new chapter for our company," CEO Stuart K. Mathis said in a news release.

Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

Arby’s launches financing program for restaurant remodeling initiative

Arby’s Restaurant Group has entered into an agreement with Element Financial Corp. to help finance the brand’s remodeling program, announced earlier this month.

El Pollo Loco files registration to join the stock market

California-based El Pollo Loco Holdings Inc. has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

Franchise Assoc. CEO: Economy is on track to full recovery

Franchising growth is expected to grow significantly this year, according to new reports. FRANdata, which has been analyzing franchising activity for more than 25 years, reports that demand for franchise units is expected to increase by more than 12 percent...

Popeyes’ buys its recipes from supply company for $43M

Popeyes Louisiana Kitchen has purchased the recipes it uses for many of its core menu items from Diversified Foods and Seasonings LLC. According to a news release, the purchase of the recipes was for $43 million, and was funded by...

Restaurant traffic continues on a positive trajectory

Driven by improving same-store sales and customer traffic and a positive outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose for the second consecutive month. The RPI stood at 101.7 in April, up 0.3 percent from March...

McDonald's plans to return at least $18B to shareholders

McDonald’s CEO Don Thompson announced Wednesday that the company plans to return $18 billion to $20 billion to shareholders between 2014 and 2016, through a combination of dividends and share repurchases. This represents a 10- to 20-percent increase over the...

Wendy's franchisee provided with $35.5M credit facility for refinancing efforts

GE Capital’s Franchise Finance business announced today that it has provided $35.5 million in senior debt to Valenti Mid-South Management LLC, a Wendy’s franchisee based in Tampa, Fla. According to a news release, the funds will be used to refinance...

McDonald’s issues quarterly cash dividend

Earlier this week, McDonald’s board approved a quarterly cash dividend of 81 cents per share of common stock, payable on June 16 to shareholders of record at the close of business June 2. CEO Don Thompson and CFO Pete Bensen will participate in the Sanford Bernstein Strategic Decisions conference at 9 a.m.

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