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...

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...

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...

Domino’s postpones refinancing in volatile market

Ann Arbor, Mich.-based Domino's Pizza Inc. announced it is postponing the proposed early refinancing of its existing securitized debt due to volatility in the financial markets.

Sbarro plans bankuptcy exit strategy

Sbarro Inc. entered bankruptcy this year but has proposed a restructuring plan that would give ownership of the company to senior lenders. Under the terms of the proposed plan, Sbarro expects to reduce its debt by approximately 73 percent, or...

Pizza Pizza announces Q2 results

Pizza Pizza Royalty Income Fund and Pizza Pizza Limited today announced results for the second quarter ended June 30, 2011. Second Quarter Highlights include: Same-store sales increased 3 percent. Earnings per unit before income taxes increased 6.2 percent. Payout ratio...

Technomic: Chains continue to grow through franchising

As the economy keeps moving at a slow pace, restaurant brands continue to tap into franchising as an avenue for growth. According to a new report by Technomic and Restaurant Finance Monitor, "2011 Top 400 Restaurant Franchise Company Report," the...

Uno picks Boefly for franchise funding assistance

BoeFly, an online marketplace connecting lenders with business borrowers, has been selected by Uno Brands to assist its franchisees in obtaining bank financing. Through BoeFly, Uno Brands can offer its franchisees access to a network of lenders through the posting...

MaMa Rosa's under new ownership

Refrigerated pizza-maker MaMa Rosa's Pizza is now solely under the ownership of Huntsman Gay Global Capital. According to the Kansas City Business Journal, several Kansas City-area private equity firms sold to the Palo Alto, Calif., private equity firm that claimed...

Pizza Hut’s biggest franchisee reports Q2 earnings

NPC International Inc., the world's largest Pizza Hut franchisee, today reported results of its second fiscal quarter ending June 28. "During the second quarter our comparable store sales strengthened from our first quarter results while continuing to roll over very...

NRA’s restaurant industry outlook strengthened in June

Driven by stronger same-store sales and traffic levels and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose above 100 in June. The RPI – a monthly composite index that tracks the health...

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