Finance / Investment News & Media
Despite strong 3Q, Tim Hortons plans to close 36 U.S. units
November 10, 2010
Tim Hortons Inc. reported a total revenue increase of 9.8 percent in the third quarter ended Oct. 3. Momentum came from a same-store sales increase of 4.…
read nowAFC Enterprises sales way up compared to last year
November 10, 2010
AFC Enterprises, franchisor and operator of Popeyes Louisiana Kitchen, reported an 8.2 percent system-wide sales increase for the third quarter ended Oct. 3.
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Restaurant performance outlook posts modest improvement
October 28, 2010
Driven by improving same-store sales and customer traffic levels, as well as growing optimism among restaurant operators, the outlook for the restaurant…
read now3G Capital closer to acquiring Burger King
October 17, 2010
The 40-day waiting period for Burger King to solicit other offers pending 3 Capital's proposed $3.26 billion buyout has expired, according to The Associated…
read nowHundreds of Arby's employees stiffed out of paychecks
October 13, 2010
Employees at 25 Arby's restaurants in Alabama, Mississippi, Florida and Georgia did not get paid for as many as three weeks after owner PRP Inc. filed for…
read nowGE Capital funds acquisition of four Burger King units
October 11, 2010
Georgia Texas Operating Company has been provided $9.3 million in financing from GE Capital, Franchise Finance for its acquisition of four Burger King…
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Dunkin' Brands names new CFO
October 6, 2010
Dunkin' Brands, Inc., parent company of Dunkin' Donuts and Baskin-Robbins, has named Neil Moses as its new chief financial officer. He will assume the position…
read nowCarl's Jr. sales slump affects CKE's 2Q
September 28, 2010
CKE Restaurants, Inc., owners of Carl’s Jr. and Hardee’s, has disclosed its second quarter results for fiscal 2011, which ended Aug. 9.
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Sonic reports sales, unit openings drop
September 14, 2010
Sonic Corp. announced preliminary sales results for the fourth quarter and fiscal year, ended Aug. 31.
read nowBrazil Fast Food Corp. sells real estate assets
September 6, 2010
Brazil Fast Food Corp., which operates under the Bob's brand, KFC and Pizza Hut Sao Paul as a Yum! Brands franchisee, and Doggis as a GED franchisee, has sold…
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Will Burger King go private?
August 31, 2010
A possible sale could be made for the country’s No. 2 burger chain. According to Reuters, Burger King Holdings Inc. has held talks with private-equity firms…
read nowBurger King's fourth quarter beats expectations
August 23, 2010
Burger King Holdings Inc. announced its fourth quarter earnings today. The company's profit fell to $49 million, or 36 cents a share, from $58.9 million, or 4…
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AFC Enterprises reports 6 percent profit
August 18, 2010
AFC Enterprises Inc., the umbrella company of Popeye's Louisiana Kitchen, has reported a same-store boost in the second quarter 2010, which ended July 11. Much…
read nowMcDonald's Corp. builds capital to support China growth
August 18, 2010
McDonald's Corporation is the first non-financial foreign company to implement a yuan-dominated bond in Hong Kong. The company announced today that is has…
read nowJack in the Box announces 3Q results
August 4, 2010
Jack in the Box Inc. announced Wednesday that its fiscal Q3 revenue finished ahead of estimates, at $523 million, but was still short of expectations and down…
read nowKFC franchisees get a boost from registry listing
August 2, 2010
KFC Corp. has been added to the U.S. Small Business Administration (SBA) Franchise Registry, a list of franchise systems that have had their agreements…
read nowNexCen Brands completes sale of franchise businesses
August 1, 2010
NexCen Brands, Inc. has announced the sale of its assets to Global Franchise Group, LLC, an affiliate of Levine Leichtman Capital Partners.
read nowMore than $8 million in financing approved for eight Burger King restaurants
July 26, 2010
Ghai Management Services, Inc., a Burger King franchisee based in Fremont, Calif., has been approved for $8.4 million in financing to open eight Burger King…
read nowGE Capital finances Sacramento Taco Bell franchise improvements
July 6, 2010
GE Capital, Franchise Finance has announced it is providing $9 million in financing for D. G. Smith Enterprises Inc., a Taco Bell franchisee based in…
read nowJack In the Box completes new credit facility
June 29, 2010
Jack in the Box Inc., parent company of the Jack in the Box and Qdoba Mexican Grill restaurant brands, has completed a new five-year $600 million senior credit…
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