NPC International reports drop in sales

Kansas-based NPC International, the world's largest Pizza Hut franchisee, reported results for its first fiscal quarter ended March 29. The results included a comparable store sales decrease of 4.7 percent compared to an increase of 10.2 percent over the same...

GE Capital, Franchise Finance offers funds to Church’s, Little Caesars operator

GE Capital, Franchise Finance provided a $7.5 million credit facility to Houston-based MSK Enterprises LLC, which operates 16 Church's Chicken units and 12 Little Caesars units throughout Texas and Arkansas. The financing helped fund the acquisition of an additional 14...

Chuck E. Cheese Board member retires

Larry T. McDowell will retire from CEC Entertainment Inc.'s board of directors later this week, according to Dallas' Citybizlist. CEC Entertainment Inc., parent company of Chuck E.

Pizza Hut’s largest franchisee sets results call

Overland Park, Kan.-based NPC International Inc., the world's largest Pizza Hut franchisee, has set its 2011 first fiscal quarter results conference call for April 29 at 9 a.m. Central Time. The call can be accessed in the U.S.

Hay Group & CRCA: Restaurant salary freezes thawing

According to a recent survey released by management consulting firm Hay Group and the Chain Restaurant Compensation Association (CRCA), the restaurant industry is lifting the salary increase freeze that took hold for the last two years. According to the survey...

Webinar to focus on new changes to PCI standards

Vendor Safe Technologies and will present a webinar May 3 addressing changes to the Payment Card Industry Data Security Standard (PCI DSS) and its impact on restaurant operations. The changes are being touted as PCI DSS 2.0.

Restaurant operators ask Congress to support debit-card swipe fee reforms

Nearly 500 restaurateurs from 44 states are on Capitol Hill today calling on their congressional members to fight the tactics of big banks and debit-card companies seeking to halt much-needed reforms to a broken market for debit-card swipe fees. The...

GE Capital: Expect slow, steady restaurant industry gains

GE Capital, Franchise Finance held its Restaurant Leadership Conference last week. The conference included results from the 21st edition of the Chain Restaurant Industry Review.

Sbarro files for Chapter 11

Sbarro files for Chapter 11

After much speculation about its financial struggles, Melville, N.Y.-based Sbarro Inc., the ubiquitous shopping mall pizza presence, has filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. Sbarro Inc., and its domestic...

Sbarro prepares for Chapter 11 filing

After closing a chunk of stores earlier this year, Sbarro Inc. is preparing to file for bankruptcy protection, maybe as early as next week, according to the Wall Street Journal. The shopping mall pizza staple is rumored to be in...

Canadian Yum! brands franchisee files for bankruptcy

Priszm Income Fund, which owns about 430 Yum! Brands restaurants in Canada, has filed for bankruptcy protection. The move follows an order from the Ontario Superior Court of Justice. Priszm released a statement saying that the filing was made to...

Yum! Brands sets conference schedule

Louisville, Ky.-based Yum! Brands, parent company of Taco Bell, Pizza Hut and KFC, will present at the Bank of America Merrill Lynch Consumer Conference March 9 in New York City.

Papa John’s promotes new CFO

David Flanery, Papa John's International Inc.’s chief financial officer, has announced his intention to retire in May after serving 16 years with the company. Lance Tucker will transition into the role upon Flanery’s departure. Flanery joined Louisville, Ky.-based Papa John’s...

Ireland’s Four Star Pizza rescued by hotelier

Four Star Pizza, which is owned by Zowington and has locations throughout Ireland, has been bought by Gonville Ltd. after struggling with creditors since last year. Gonville is owned by hotelier Michael Holland. According to the Irish Times, the company...

Papa John’s revenues up from 2009

Papa John’s International Inc., headquartered in Louisville, Ky., has reported its fourth quarter and full-year 2010 results, including 21 percent franchise system sales growth in Q4 '10. Revenues for the quarter were $286.8 million, representing an increase of 5.2 percent...

Pizza Hut franchisee reports strong 2010 results

NPC International Inc., the world’s largest Pizza Hut franchisee with 1,136 restaurants and delivery units in 28 states, has reported results for its fourth fiscal quarter and year ended Dec. 28. Fourth quarter highlights include: Comparable store sales increased 8.8 percent, rolling over a decrease of -10.5 percent last year.

NRA urges Congress to lower swipe fees

The National Restaurant Association has sent a letter to every member of the U.S. House Financial Services Committee this week, urging them to support full and swift implementation of the Durbin Amendment, which was passed in the House last summer...

Giordano’s files for bankruptcy

Giordano’s, which claims itself to be the world’s most famous stuffed pizza, has filed for Chapter 11 protection in U.S. Bankruptcy Court in Chicago, where the company is headquartered. According to the Wall Street Journal, the filing was made Wednesday,...

Canada’s Pizza Pizza posts 2010 results

Pizza Pizza Royalty Income Fund, headquartered in Toronto, announced its fourth quarter and 2010 results ended Dec. 31. Total sales for restaurants in 2010 increased 1 percent to $455.8 million compared to $451.4 million in 2009.

Brazil Fast Food 2010 sales up 12 percent

Brazil Fast Food Corp., which operates almost 800 Yum! Brands units in Brazil, including KFC and Pizza Hut São Paulo, announced financial results for the fourth quarter and fiscal year ended Dec. 31. For the year, systemwide sales were up 12.3 percent from 2009, while revenue was up 11.6 percent.

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