Olympus completes purchase of Pizza Hut franchisee NPC

Stamford, Conn.-based Olympus Partners has acquired NPC International Inc., the largest Pizza Hut franchisee and the largest franchisee of any restaurant concept in the United States. The company operates 1,153 Pizza Hut units (approximately 19 percent of the domestic system)...

Restaurant industry performance at five-month high

Driven by positive same-store sales and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association's Restaurant Performance Index (RPI) rose to its highest level in five months. The RPI stood at 100.6 in November, up 0.6 percent from...

Pizza Hut franchisee closes sale of parent company

NPC International Inc., the largest Pizza Hut franchisee in the country, has announced the closing of the acquisition by NPC International Holdings Inc., a Delaware corporation, of all the outstanding membership interests of NPC Acquisition Holdings LLC. NPC Acquisition Holdings...

Papa John's raises earnings guidance

Papa John's International Inc. has released its 2012 operating assumptions and earnings guidance, and announced an increase in its 2011 earnings per share range to $2.15 to $2.20. The company projects 2012 earnings per share in the range of $2.33...

Round Table to emerge from bankruptcy this week

Concord, Calif.-based Round Table Pizza Inc., which filed for Chapter 11 protection in February, will emerge from bankruptcy this week, after confirming its consensual plan of reorganization Dec. 12. The plan was approved by the U.S.

CNBC names Domino's CEO top boss of the year

J. Patrick Doyle, Domino's Pizza president and CEO, has been recognized by CNBC as the "Berbie Winner" for best CEO of 2011. Under Doyle's leadership, the company's total debt has been reduced by $200 million since the end of 2007.

Restaurant Performance Index unchanged in October

The National Restaurant Association’s Restaurant Performance Index (RPI) stood at 100.0 in October, essentially unchanged from September’s level of 100.1. October’s steady RPI level was the result of softer sales and customer traffic being offset by a more optimistic outlook...

Russo's New York Pizzeria offers veteran franchise discounts

Russo's New York Pizzeria has announced its membership in the national VetFran Program and will immediately begin offering discounts to veterans of the U.S. Armed Forces who want to own a Russo's franchise. Russo's will provide a $10,000 credit toward...

Yum! Brands raises 2011 guidance

Yum! Brands Inc. has increased its full year 2011 EPS growth forecast to at least 13 percent, or $2.85 a share, excluding special items. The previous guidance was at least 12 percent. Yum! also has announced that it expects to...

Sbarro officially emerges from bankruptcy

New York-based Sbarro Inc., along with its domestic subsidiaries, has successfully emerged from Chapter 11, making its Plan of Reorganization effective today. The move reduces the company’s debt by more than 70 percent and provides access to $35 million of...

Yum! Brands adds member to board of directors

Yum! Brands Inc. has appointed Mirian M.

Giordano's sold to private equity group

Less than a year after filing for bankruptcy, Chicago staple Giordano's Enterprises Inc. has been sold to VPC Pizza Holdings LLC for $52 million. VPC Pizza Holdings is a a Delaware limited liability company formed by Victory Park Capital (VPC),...

Major Pizza Hut franchisee sold to Olympus Partners

NPC International Inc., the largest Pizza Hut franchisee in the country with 1,153 restaurants in 28 states, has announced that its parent company, NPC Acquisition Holdings LLC, has been sold to Olympus Partners. As part of the definitive purchase and...

Pizza Inn increases credit facility to grow Pie Five concept

Pizza Inn Holdings Inc. has added an amendment and restatement of its term loan credit facility with Amegy Bank to expand the term facility by $4.0 million, providing additional capacity for continued growth of company-owned Pie Five Pizza Co.

Papa John's franchisee gets funding from GE Capital

GE Capital, Franchise Finance recently completed a $9.5 million transaction with BAJCO Group, a Papa John's Pizza franchisee, for the refinancing of existing debt. Funding was provided through GE Capital's bank affiliate, GE Capital Financial Inc. Faisal Bajwa, CFO, BAJCO...

Sbarro amends Chapter 11 plan to reduce debt

Sbarro Inc. has filed an Amended Disclosure Statement and related Amended Plan of Reorganization with the U.S.

Sold: Yum! Brands finds buyers for Long John Silver's, A&W

Yum! Brands Inc. announced today that it has signed definitive agreements to sell Long John Silver's Inc.

Pizza Inn reports strong Q4 and fiscal year

Pizza Inn Inc. has announced its fourth quarter and fiscal year 2011 results, ended June 26. Net income increased to $407,000, or $0.05 per share, for the fourth quarter compared to net income of $49,000, or $0.01 per share, for the same quarter 2010. Revenues for Q4 increased 10 percent to $11.3 million compared to $10.3 million for Q4 2010.

Restaurant State of the Industry Report, Part 2 now available

The Restaurant State of the Industry Report, Part 2: Business Strategy, developed and published by FastCasual.com, is now available for purchase. The benchmark survey takes a comprehensive look at the current and future trends of restaurant operations, covering topics such...

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