Melting Profits

by James Bickers — Editor, Networld Alliance

March 29, 2002

Even with fall on the way, there's no relief in sight yet from high cheese prices.

Schnatter ranks no. 17 on Fortune's 40 Richest Under 40

March 29, 2002

For the third-straight year, John Schnatter, 39, president and CEO of Papa John's International, is one of Fortune magazine's 40 richest people under 40. The…

Pizza store franchisee fined after employee is murdered

March 29, 2002

NEW BALTIMORE, Mich. -- A pizzeria franchisee was fined after a 16-year-old employee was killed while working late at night with no adult supervision.

Papa John's to open 150-200 stores in 2002

March 29, 2002

LOUISVILLE, Ky. -- Papa John's International Inc. (PZZA) said in a company release it may close 50 to 100 restaurants (primarily domestic franchise units) in…

Ex-Pizza Hut duo franchises 59 Little Caesars

March 29, 2002

Little Caesars has signed Cutting Edge Pizza LLC to operate 59 Little Caesars Pizza restaurants in Missouri, Kansas, North Carolina, South Carolina, Virginia…

Spain's Telepizza to open quick-serve chain

March 29, 2002

MADRID -- Spanish pizza delivery giant Telepizza, plans to open a chain of 120 quick-service pizza restaurants under the brand name of La Piazza. The company…

City Centre sells 49 Deep Pan Pizza Sites

March 29, 2002

LONDON -- City Centre Restaurants (CCR), announced yesterday that it is selling its troubled Deep Pan Pizza brand to a management buyout team in a £4 million…

Pizza Hut franchisee tests veggie cheese

March 29, 2002

ORLANDO, Fla. -- Galaxy Nutritional Foods (Amex: GXY), a producer of plant-based dairy alternatives has reported significant progress in its test with 43 Pizza…

Middleby Corp. purchases former competitor Blodgett

March 29, 2002

ELGIN, Ill. -- The Middleby Corporation (NASDAQ: MIDD) has agreed to purchase Maytag Corporation's (NYSE: MYG) Blodgett commercial cooking products business…

Thirty Pizza Huts on the block in Singapore

March 29, 2002

SINGAPORE -- All 106 Tricon fast-food outlets in Singapore went up for sale in late September.

Chicago Pizza & Brewery completes private stock placement

March 29, 2002

HUNTINGTON BEACH, California -- Chicago Pizza & Brewery, Inc., headquartered here, completed a private placement of 3.2 million shares of common stock to…

Third quarter numbers rise at Chuck E. Cheese's

March 29, 2002

IRVING, Texas -- CEC Entertainment, Inc., parent company of Chuck E. Cheese's Pizza, today announced the Company earned $16.2 million or $0.57 per share on a…

Fast start slows growth for Domino's in India

March 28, 2002

NEW DELHI – While Domino's Pizza is posting record numbers in the U.S., the world's second-largest pizza chain has found expansion in India more challenging.

Bertucci's makes Barbrick president, COO

March 28, 2002

NORTHBOROUGH, Mass. (Nov. 12) — Bertucci's Corp. promoted company veteran Rick Barbrick to president and chief operating officer. He most recently was…

Malaysian pizza maker sets national record

March 28, 2002

DAMANSARA JAYA, Malaysia -- Max Ranjit Singh may have the fastest hands in the Far East.

NRA presses Congress to pass economic stimulus package

March 28, 2002

WASHINGTON, D.C. -- At a press conference on Capitol Hill today, the National Restaurant Association called for passage of an economic stimulus package it…

Tricon's stock up, but Pizza Hut's sales down

March 28, 2002

LOUISVILLE, Ky. -- According to a report in The Wall Street Journal, Tricon Global Restaurants Inc. reported a 1 percent increase in U.S. blended same-store…

Stock at Pizza Hut parent Tricon hits 52-week high

March 28, 2002

LOUISVILLE, Ky. -- Climbing for more than a month, the stock price of Tricon Global Restaurants Inc. (YUM: NYSE) set a 52-week high on Nov. 6.

Dairy.com launches spot market cheese exchange

March 28, 2002

DALLAS -- Seeking to simplify buying and selling of cheese between manufacturers and the foodservice and retail foods industries, Dairy.com launched an…

Little Caesars settles lawsuit with franchisees

March 28, 2002

DETROIT -- According to a report published in the Detroit News, a class-action lawsuit filed against Little Caesar Enterprises Inc., by 250 of its franchisees…