Yum! Brands increases dividend by 18 percent

Yum! Brands Inc.'s board of directors approved an 18-percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from 28.5 cents to 33.5 cents per share and will be effective with the dividend payment to be distributed on Nov.

Report: Chain restaurants growing through franchising

A new report by Technomic and Restaurant Finance Monitor finds that the franchising of restaurant brands continues to be a major growth avenue pursued by chains and that, as credit markets continue to loosen up, more franchisees are expanding. Many...

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...

Restaurant operator optimism slips

As a result of softer customer traffic and a dampened outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) fell to its lowest level in nine months. The RPI – a monthly composite index that tracks 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...

Papa John's offers development incentives for 2013

Papa John's is once again offering existing and potential franchisees a package of incentives to join the system. Under the company's 2013 Development Incentive Program, franchisees signing development agreements in the U.S.

QSR franchisee lending up 28 percent this year

Lending to franchise businesses decreased by 3.64 percent from June to July following a 5.73 percent increase in June, according to the Franchise Lending Index from the International Franchise Association (IFA) and BoeFly, an online marketplace connecting small business borrowers...

Restaurant industry reports continued positive sales

The outlook for the restaurant industry remained positive for the months ahead, as the National Restaurant Association's Restaurant Performance Index (RPI) remained above 100 in May. The RPI – a monthly composite index that tracks the health of and outlook...

Papa John's franchisee receives $6.7M credit facility

GE Capital, Franchise Finance recently provided a $6.7 million credit facility to Pizzerias LLC, a Papa John's franchisee that operates 31 locations in the Miami market.

Franchise lending up 6 percent year over year

Lending to franchise businesses saw a drop of about 0.5 percent from April to May, according to the monthly Franchise Lending Index from the International Franchise Association (IFA) and BoeFly, an online marketplace connecting small business borrowers with lenders. Despite...

Fresh Brothers secures funding from Sketchers co-founder for growth

Fresh Brothers, a six-unit chain of pizzerias located in Southern California, has received an equity investment from Michael Greenberg, co-founder and president of Manhattan Beach-based shoe company Skechers USA Inc. Greenberg's investment will help accelerate growth as the company aims...

Southern California Domino's franchisee receives financing for growth

GE Capital, Franchise Finance recently provided a $7.1 million credit facility to Hishmeh Enterprises, a Domino's Pizza franchisee. The funding includes a $5.6 million term loan to refinance existing debt and a $1.5 million development line of credit for growth...

Restaurant franchise lending shows stabilization

Although franchise lending has been fairly static from March 2011 to March 2012 and franchisee credit access remains below its long-term average, lending to franchisees in the foodservice and hospitality industries has been greater than average. This is according to...

Pie Five concept showing store level progress

Pizza Inn Holdings Inc.'s third fiscal quarter ended March 25 and included a net income decrease of $0.4 million year-over-year to $52 thousand, compared to net income of $0.4 million for the same quarter of the prior fiscal year. The...

Yum! Brands names new president and CFO

Louisville, Ky.-based Yum! Brands Inc. has announced the promotion of Rick Carucci, 54, to president, reporting to chairman and CEO David C. Novak. The company also announced the promotion of Patrick Grismer, 50, to chief financial officer, reporting to Carucci. Carucci has served as the company's CFO since 2005.

Restaurant industry turns in strongest post-recession quarter

Driven by solid same-store sales and traffic results and an increasingly bullish outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) reached its post-recession high in March. The RPI – a monthly composite index that tracks the...

Papa John's buying bankrupt franchises

Papa John's will pay a total of $5.25 million to buy Colorado and Minnesota franchises currently owned by Baltimore-based PJCOMN Acquisition Corp., which is operating under bankruptcy protection. According to the Denver Business Journal, the franchisee filed for Chapter 11...

Franchise lending on a steady upswing

Franchise lending has steadily increased throughout the past 12 months, according to the new monthly Franchise Lending Index from the International Franchise Association (IFA) and BoeFly, an online marketplace connecting small business borrowers with lenders. According to the data, throughout...

China leads global foodservice market recovery

Despite a continuously unpredictable global economy, there was a slight recovery for the global foodservice markets in the fourth quarter of 2011, according to market research company The NPD Group. Nearly all countries reported modest growth in foodservice consumer spending...

America's Incredible Pizza Company reports positive sales

America's Incredible Pizza Company, a family entertainment center with nine locations nationwide and two in Mexico, has released several positive figures this week for its Tulsa, Okla., and San Antonio stores. Tulsa The Oklahoma unit reported a 9 percent increase...

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