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...

Cono Italiano secures $200,000 investment

The world may be one step closer to eating cone-shaped pizza. Cono Italiano Inc.

Sycamore Ventures buys Papa Bello Enterprises

A San Diego-based venture capital firm, Sycamore Ventures, has acquired ownership control of Papa Bello Enterprises Inc.

NRA: Restaurant industry optimism, sales take a hit in May

As a result of softer same-store sales and traffic levels and fading optimism among restaurant operators, the outlook for the restaurant industry softened in May, according to the National Restaurant Association's Restaurant Performance Index (RPI). The index is a monthly composite that tracks the health and future outlook of the U.S.

Yum! franchisee in Canada sells majority of units

After grappling with financial issues for months, major Yum! Brands Canadian franchisee Priszm Income Fund has closed 30 of its locations in Ontario and British Columbia, and has received court approval to sell 204 units to Soul Restaurants Canada Inc....

New Pizza Inn unit sets sales record

Pizza Inn Inc.'s new Rocky Mount, N.C., location set a record for the biggest opening in company history with a sales increase of more than 60 percent in the first two weeks. The Rocky Mount unit also is the largest...

Sbarro ends bankruptcy process, seeks buyers

It looks like New York-based Sbarro Inc. won't be receiving Chapter 11 protection, after all.

Yum! sets $586MM offer for China’s Little Sheep

Yum! sets $586MM offer for China’s Little Sheep

Yum! Brands' footprint in China is about to get even bigger. The company announced today that it has offered to buy China's Little Sheep for $586 million, which would cover Hot Pot Cuisine, a chain characterized by its proprietary soup...

Chuck E. Cheese’s parent company’s profits up

CEC Entertainment Inc., parent company of Chuck E. Cheese's, announced financial results for the first quarter ended April 3. Total revenues for the quarter were up 4.1 percent to $256.4 million from $246.3 million in Q1 '10.

California Pizza Kitchen Q1 revenue down slightly

California Pizza Kitchen Q1 revenue down slightly

California Pizza Kitchen Inc. reported financial results for the first quarter ending April 3, including a 0.5 percent decrease in revenues from the same quarter last year.

Domino’s first quarter revenue up

Domino's Pizza Inc. experienced a 1.4 percent decline in U.S.

Papa John’s turns in strong first quarter

Louisville, Ky.-based Papa John's International Inc. announced its first quarter results that included a systemwide sales increase of 6.1 percent for North America units, and a 5.6 percent boost for international stores. Earnings per share increased 18.5 percent over the same period last year.

Papa John’s International franchisee goes public

WorldWide Papa's Plc., the exclusive area developer of Papa John's restaurants in St. Petersburg and the Leningrad region of Russia, is now listed on the Deutsche Böerse - Frankfurt Open Market (FSE) under the stock symbol "1PJ.F." The company officially went public with the ringing of the bell Feb.

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...

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...

California Pizza Kitchen sets results call

California Pizza Kitchen Inc. will release its first quarter 2011 results after the market closes on May 5.

Pizza Fusion transitions to LED Source lighting

Florida-based Pizza Fusion has tapped LED Source, a franchised supplier, to provide LED lighting for a selection of their restaurants. The impetus behind the transition came from the launch of Pizza Fusion’s new prototype store in December 2010. “We've always...

Yum Brands’ net income earnings up 10 percent

Yum! Brands Inc. reported results for the first quarter ended March 19, which included a net income of $264 million, a 10 percent increase from the same period last year at $241 million.

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...

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