Sbarro betting on closures for turnaround effort

After a tumultuous few years that included bankruptcy and a dwindling mall crowd, Sbarro has decided to close 155 of its North American locations. According to Bloomberg, the closures are an effort to "improve the company's profitability." Only underperforming company-owned stores will be affected by the decision.

Yum! Brands Inc. declares quarterly dividend

Yum! Brands Inc. has declared a dividend of $0.335 per share of common stock.

PizzaRev gets an investment boost from Buffalo Wild Wings

PizzaRev, an artisan pizza concept based in Los Angeles, today announced that Buffalo Wild Wings has taken a minority position in its new concept. Terms of the deal were not disclosed. "The PizzaRev team is thrilled to have Buffalo Wild...

Papa Murphy's achieves 25 record sales weeks in 2012

Papa Murphy's reported its sales and growth milestones from 2012. In addition to expanding its national footprint to more than 1,325 locations, the chain achieved 25 record sales weeks during the year.

Restaurant franchise industry veteran starts strategic advisory firm

Franchise industry veteran Lynette McKee, CFE, announced today the launch of McKeeCo Services LLC, a franchising and development strategic advisory firm. McKeeCo Services will provide franchise consulting to foodservice, hospitality, retail and service brands seeking to grow or improve their...

Domino's pushing carryout business to add to store-level profits

Carryout has grown steadily in the past few years and now makes up about one-third of all U.S. orders.

Private equity firm sells Pizza Hut franchisee

Sentinel Capital Partners, a private equity firm that invests in lower-middle-market companies, today announced the sale of Southern California Pizza Company, the largest Pizza Hut franchisee in Southern California with 224 locations. Financial details of the transaction were not disclosed....

Report: Demand growing for high-margin beverages

Seven out of 10 consumers (71 percent) now purchase beverages away from home twice a week or more often, up from 66 percent in 2010. According to market research firm Techmomic, as the economy continues to stabilize from the recession,...

Casey's acquires 22 stores from Kum & Go

Kum & Go and Casey's General Stores Inc. announced today they have signed an Asset Purchase Agreement for Casey's to acquire 22 convenience stores from Kum & Go.

Blaze Pizza registers to franchise in 32 states

California-based Blaze Fast-Fire'd Pizza announced that it has begun to accept franchise applications in key markets across the U.S. The company plans to build stores across California and select U.S.

Giordano's names Derrick Rose as equity owner, spokesperson

Derrick Rose, Chicago Bulls' MVP point guard, has signed with Chicago-based Giordano's Famous Stuffed Pizza as an equity owner and as the brand's new national spokesperson. Beginning later this month, the pro basketball star known as "D-Rose" will begin appearing...

Marco's Pizza averaging one opening a week

Toledo-based Marco's Pizza recently celebrated its 300th store opening. The Wheeling, Ill., unit is also the brand's first location in Illinois. Opening an average of one new store per week, Marco's Pizza now operates restaurants in 24 states and the...

Pizza Fusion acquired by Unique Pizza and Subs Corp.

Unique Pizza and Subs Corporation today announced that it has signed a definitive agreement to acquire privately held Pizza Fusion Holdings, with closing expected by the end of the third calendar quarter. Pizza Fusion will become a wholly owned subsidiary...

San Francisco's Patxi's Pizza expanding to Denver

San Francisco's Patxi's Pizza, one of the fastest growing private companies in the country, will open its first Denver locations this fall in Cherry Creek at 185 Steele St., and in Englewood at Kent Place, 3455 South University Blvd. Patxi's...

Pie Five Pizza's first campus unit includes breakfast menu

Today, Pie Five Pizza Co. is opening its seventh restaurant and its first college location at 503 South Pecan St., on the University of Texas at Arlington campus. The new location includes Pie Five Pizza Co.'s first breakfast menu and extended operating hours.

Pizza Patrón expansion targets Chicago's Hispanic demographic

Pizza Patrón today announced its expansion plans for the Chicago metro area. In June, Antonio Swad the chain's founder and CEO, moved to Chicago to personally oversee the market's development. "The Chicago metro area is a very important market for...

Brazilian KFC, Pizza Hut franchisee reports 22 percent sales jump

Brazil Fast Food Corp., the second largest quick-service restaurant chain in Brazil operating Yum! Brands' KFC and Pizza Hut São Paulo, announced financial results for the second quarter ended June 30. Highlights include: System-wide sales totaled (real) $254.2 million, up...

Noble Roman's expanding c-store presence

This year, Indianapolis-based Noble Roman's Inc. has signed franchise agreements for 27 new non-traditional locations other than grocery stores, including 12 locations with Huck's, a 110-unit convenience store chain located in five states, and an agreement with The Pantry, Inc.,...

Domino's Australia profits boosted by online business

Domino's Pizza Australia has reported a 26 percent boost in profit for the year, with $26.9 million as of June 30, compared to $21.4 million during the same period last year. According to The Australian, the company expects to add...

Restaurant chain growth doubles in the UK

The 100 leading United Kingdom restaurant chains registered a 5.6 percent annual turnover increase in 2011, a sharp improvement over 2.6 percent the prior year. According to data released  by Technomic Inc.

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