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Financial News News & Media

DoorDash will use $400M investment to grow 325% this year

February 22, 2019

DoorDash has raised $400 million toward expansion of the app-based food delivery platform, which a news release said has already grown more than 250 percent…

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Chuck E. Cheese Q4 comp sales growth helps offset $14M revenue loss

February 22, 2019

The parent company of Chuck E. Cheese and Peter Piper Pizza, CEC Entertainment, released its 2018 Q4 results showing that a 3.3 percent increase in comparable…

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Domino's boasts 100 straight quarters of international sales growth

February 21, 2019

Although global retail sales slowed at Domino's during Q4 and fiscal year 2018, the quarter still marked the 100th straight quarter of international same-store…

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Traders give Papa John's, cheese producers most Valentine's Week 'love'

by S.A. Whitehead — Food Editor, Net World Media Group

Love -- in the form of investor dollars -- was most plentiful during the last Valentine's Week for one turmoil-embroiled pizza brand, as well as many of the…

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Blaze tests bigger pies, delivery, in possible run-up to IPO by 2021

February 15, 2019

Blaze Fast-Fire'd Pizza is testing large 14-inch pizzas as part of a campaign to grow its digital delivery and carryout business, a news release said. In fact…

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Papa Murphy's comp store sales fall in 2018

February 5, 2019

Papa Murphy's Holdings, Inc. said its preliminary unaudited Q4 and FY 2018 results for the  period that ended Dec. 31, show that comp store sales fell 1.…

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Markets poised for trader action after Papa John's investment announcement

by S.A. Whitehead — Food Editor, Net World Media Group

Pizza stocks will be among those to watch in the week ahead after Papa John's announced its $200 million cash infusion from turnaround company, Starboard Value…

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Papa John's sells $200M stake in brand, names new board chair, member

A New York-based turnaround investor pumps $200 million into Papa John's and adds a new board chair and one other member to the brand's board of directors.

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Papa John's pays quarterly dividend

January 31, 2019

Papa John's board has declared a quarterly dividend of $0.225 per common share, payable Feb. 22 to shareholders of record at the close of business on Feb. 11…

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In the run-up to Super (pizza) Bowl, commodity winners, losers emerge

by S.A. Whitehead — Food Editor, Net World Media Group

The winners and losers were evident in the commodities report this week, as it was split right down the middle. Half the brands watched here weekly gained…

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Commodities: Rising stock values, falling commodity prices help operators fight 2.8 percent cost-of-living increase

by S.A. Whitehead — Food Editor, Net World Media Group

It's costing nearly 3 percent more to live in the U.S. this year than last, according to the Consumer Price Index cost-of-living adjustment for 2019, but the…

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DC restaurants extend Restaurant Week deals for 1st time to help during government shutdown

January 21, 2019

Washington, D.C. restaurants are being hit hard by the nation's partial government shutdown that has left more than 800,000 federal workers without paychecks.

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Commodities: National Pizza Week starts off on high note for most brands

by S.A. Whitehead — Food Editor, Net World Media Group

It's National Pizza Week! But even better than that, it's National Pizza Week with lower prices on most of the essentials pizza brands use in-restaurant daily…

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Gatti's files bankruptcy with $32M debt

January 10, 2019

Gatti's Pizza owner, Sovrano LLC, filed for bankruptcy protection for that brand and its sister concept, Gigi's Cupcakes, according to…

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Commodities: With Super (pizza) Bowl in sight, cheese, wheat prices ignite

by S.A. Whitehead — Food Editor, Net World Media Group

With less than a month to go before that U.S. pizza holiday of holidays, the Super Bowl, cheese and wheat prices were on the rise last week.

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Boston Pizza opens 10 new stores, closes 5 in 2018

January 2, 2019

For the 17th straight year, Boston Pizza added new locations last year, according to a news release. Boston Pizza Royalties Income Fund and Boston Pizza…

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Kotipizza turns in solid Q3 with sale pending

December 19, 2018

On the cusp of its potential sale to Orkla ASA, Kotipizza Group turned in a relatively solid Q3 performance with comp net sales up 16 percent, while EBITDA…

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Humble Pie chain sold to Cornwall Development Partners

December 14, 2018

The Humble Pie pizza chain has been sold to Cornwell Development Partners of Scottsdale, Arizona, according to a news release.

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Commodities: Pizza investors put wallets on 'lock-down'

by S.A. Whitehead — Food Editor, Net World Media Group

Investors apparently had the holiday spending jitters last week, pulling in their proverbial purse strings on all the pizza brands monitored by this site…

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With sale pending, Kotipizza sets online sales records in November

December 7, 2018

In the month before news broke this week that Orkla ASA will is moving to acquire the parent company of Scandanavian brand, Kotipizza's, the chain's online…

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