News

Captain D's 2011 sales in the black for the first time in eight years

January 17, 2012

Captain D's concluded fiscal year 2011 with positive systemwide same-store sales growth; the first time since 2003 the company has achieved this accomplishment.

Captain D's also produced strong earnings growth during 2011.

Phil Greifeld was named CEO of the chain in late 2010, and overhauled its leadership team throughout 2011.

The latest hires include Laurie Lawhorne, chief financial officer, and Jonathan Muhtar, chief marketing officer, both added during the fourth quarter.

"To be same-store sales positive for the first time in eight years is a testament to our heighten level of execution and our focus on improving our guest satisfaction," Greifeld said. "Our positive sales momentum is building and we look forward to a terrific 2012 for the D's brand."

The new leadership team's changes include improvement in core products, investments in new restaurant equipment, a re-engineered operating line and the development of new facility décor and designs.

Captain D's, headquartered in Nashville, Tenn., operates and franchises 527 restaurants in 25 states.

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