May 20, 2013

Industry News

AFC Enterprises and Church's Chicken Launch Social Entrepreneurship Initiative in Durbin, South Africa
The AFC-sponsored program, which includes partnerships between its brand and local vendors, is intended to boost the region's economies
Panera Bread Signs Agreement to Open Its First Bakery-Cafes in California
New franchise group to develop fourteen units in northwest Los Angeles county
Wendy's International, Inc. to Acquire Baja Fresh Mexican Grill
Wendy's will pay $275 million to acquire the fast-casual Mexican chain in a deal that is expected to go through in early June.
Panera Bread First Quarter Earnings Per Share Increased 67% to $0.35
As a result of its impressive first quarter numbers, Panera now says it plans revise several of its 2002 targets, including its projected store openings and systemwide store sales
Burger King Corporation to Launch BK Back Porch Griller Sandwiches
On June 3rd, Burger King restaurants nationwide will begin offering two new hamburger sandwiches—the BK Homestyle Grille and the BK Smokehouse Cheddar Griller
McDonald's May Begin Offering More Than Meals
Company executives say McDonald's is "about two years" away from offering non-food retail items in its stores.
New McDonald's at America's Most Popular Museum Will Be Busiest in U.S. History
The new tri-concept unit at Washington's Air and Space Museum is open just in time for summer tourist season
Burger King Restaurants Partner with Dreamworks Films to Promote Spirit: Stallion of The Cimarron Nationwide
Promotion begins on the heels of record first quarter Big Kids Meal sales
McDonald's to Consider More Partner Chains
Execs say that over the next five years they expect the company's non-hamburger concepts to add up to 2 percent to its total operating income
Burger King names Paul Novak as executive VP
Novak, who replaces Kim Lopdrup, will report directly to Burger King CEO John Dasurg and head the U.S. developement team.
Krispy Kreme Earnings Increases 51 percent in Fiscal 2003 1Q
CEO Scott Livengood says numbers exceeded Krispy Kreme's previous estimates for the quarter
Back Yard Burgers Announces 40-Unit Development Agreement With Black Angus Burgers, Inc.
Black Angus Burgers is to open its own stand-alone franchises in Florida and South Carolina over the next decade
Krispy Kreme Awards First Franchise to Nonprofit Organization
As part of the unique partnerhsip, Krispy Kreme will retain minority ownership in the the store until the charity, Project Homestead, can buy the chain out.
Arby's Introduces a New Addition to Its Market Fresh Line
Arby's credits Market Fresh for increased same stores sales and plans to continue introducing new sandwiches to the line
White Castle's Local Contest Feeds Dedicated Students in Brooklyn
New York area White Castle operators plan to donate the 500+ burgers prepared during the annual "Fastest Griddle Operator" competition to 250 students with perfect attendance.
Scooby-Doo is Unleashed In Texas Dairy Queen Restaurants
As a tie-in with the upcoming Scooby-Doo movie, the restaurants will feature special promotions, including toys, treats, and cakes bearing the Scooby-Doo name and likeness