Chick-fil-A hits $4 billion in annual sales

by Alicia Kelso — Editor, QSRWeb.com

February 7, 2012

Chick-fil-A Inc. exceeded $4 billion in annual sales in 2011, a record for the Atlanta-based chain.

Nathan's Famous profits, revenues climb

February 3, 2012

Nathan's Famous Inc. has reported results for the third quarter of its 2012 fiscal year that ended Dec. 25, 2011, including a net income of $1.2 million, or 2…

Nestle Toll House Café introduces capital improvement program

February 2, 2012

Nestlé Toll House Café by Chip has introduced two new franchisor funding programs as part of its expansion plan.

Former Wendy's International president named chairman of Sbarro

February 1, 2012

The Board of Directors of Melville, N.Y.-based Sbarro Inc. announced that James Greco, 54, has been named president and chief executive officer, effective…

Restaurant performance at highest level in six years

January 31, 2012

Fueled by solid same-store sales and traffic results and a bullish outlook among restaurant operators, the National Restaurant Association's Restaurant…

Popeyes' increases fiscal guidance for 2011

January 26, 2012

AFC Enterprises Inc., the franchisor and operator of Popeyes restaurants, reported selected unaudited results for its fiscal fourth quarter and fiscal year…

Quiznos completes debt restructuring

January 25, 2012

Quiznos has successfully completed its previously announced financial restructuring on an out-of-court basis.

KFC issues layoffs at Louisville headquarters

January 19, 2012

An unknown number of KFC employees were issued pink slips Thursday at parent company Yum! Brands' headquarters in Louisville, Ky.

Jack in the Box franchisee acquires 51 new units

January 16, 2012

GE Capital, Franchise Finance provided $18 million to Feast Foods LLC, a Jack in the Box franchisee based out of Marietta, Calif.

Taco Bueno amends existing credit agreement

January 10, 2012

Taco Bueno Restaurants has amended its existing credit agreement to increase financial flexibility and to pay a dividend to shareholders.

GE Capital provides financing for Wendy's franchisee's growth

January 9, 2012

GE Capital, Franchise Finance recently provided $11.9 million to BalRod Enterprises Inc., a Wendy's franchisee based out of Hialeah, Fla.

Restaurant industry performance at five-month high

December 29, 2011

Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant…

Popeyes' parent company completes refinancing

December 28, 2011

AFC Enterprises Inc., the Atlanta-based parent company of Popeyes' Louisiana Kitchen, has successfully refinanced its bank credit facility. The effort began a…

McDonald's tops 2011 Dow Jones performances

December 27, 2011

With the year's trading nearly complete, McDonald's Corp. has topped all Dow Jones stocks with a 2011 gain of 30.47 percent.

Franchisee closes 10 Maryland Arby's restaurants

December 27, 2011

Maryland-based Arby's franchisee KBK Inc. has closed 10 restaurants, citing "financial difficulties brought on by the economy."

Wrestling with a million dollar baby - skimming

The restaurant industry is rife with ways to lose profitability. Just when you think you have things buttoned up, a new twist comes along that can threaten…

Quiznos reaches deal to avoid bankruptcy

December 26, 2011

Quiznos has reached an agreement with a significant majority of its first- and second-lien lenders on a consensual financial restructuring plan that will…

A&W Restaurants transaction complete

December 26, 2011

A&W Restaurants Inc. has officially been acquired by A Great American Brand LLC, a partnership of domestic and international A&W Restaurant…

McDonald's plans big expansion in India

December 26, 2011

McDonald's plans to double its unit count in the India market within the next three years. This would put the total number of restaurants at 500.

KFC, Pizza Hut franchisees deploy cloud-based accounting software

December 19, 2011

Acumatica has announced that Kentucky Fried Chicken Management Pte Ltd. and Pizza Hut Singapore Pte Ltd. have selected Acumatica Cloud ERP to replace their…