June 19, 2013

Industry News

Rubio's Reports 41% Increase in Q2 Net Income

The quarter’s earnings per share exceeds the company’s earlier guidance by 2 cents per share

Innovative ordering service allows customers to conveniently and quickly order their favorite beverages or pastries by phone or online before arriving at the store

Allied Domecq Celebrates Listing on the NYSE

In honor of the first trading of its shares on the New York Stock Exchange, Allied Domecq will give away free Dunkin Donuts coffee and doughnuts, Togo’s sandwiches, and Baskin Robbins ice cream.

Jack in the Box Inc. Reports 15 Percent Third Quarter Earnings Increase

Although disappointed in the quarter's 1.5 percent sales decrease, CEO Nugent says the positive earnings increase validates the company’s efforts in franchise growth and Jack in the Box’s new Profit...

Krispy Kreme Doughnuts Heading to San Antonio

Construction is currently underway on the San Antonio area’s first Krispy Kreme, expected to open early this October. A second location is planned to open within the next year.

New World Dismisses Arthur Andersen

At the recommendation of New World’s auditing committee, Grant Thornton LLP will take over as the company’s independent auditor.

McDonald's Corporation to Redeem Notes

McDonald’s will redeem all of 6 5/8 percent notes for 100 percent of the principal amount, plus interest

Starbucks, Ford Foundation, Oxfam America and CEPCO Announce Collaboration to Increase the Supply of High Quality Fair Trade Coffee

Pilot program to help small Mexican coffee producers excel in an increasingly challenging coffee marketplace

KFC to Introduce New Express Concept

In a partnership with HMSHost Corp., KFC plans to open "KFC Express" outlets in the nation's airports and travel centers

McDonald's, Burger King, Wendy and KFC Sued

Plaintiff's attorney charges that fast-food industry is responsible for his client's weight –related health problems.

Wendy's International Reports Strong Second Quarter Results

As a result of 13.4 percent in systemwide sales to $2.4 billion and revenue growth of 12.2 percent Wendy's has raised its 2002 EPS growth goal to a range of 15 percent to 18 percent

Diageo Sells Burger King

After four months of negotiations, auctions, and bids, a consortium of private equity firms, led by The Texas Pacific Group, bought the Miami-based burger chain for $2.26 billion.

BK Buyout Expected to Close Today

According to sources close to the deal, Diageo is set to sell its ailing burger brand to Texas Pacific for more than $2 billion

McDonald's Breaks Six Quarter Losing Streak

Boosted by strong international sales, McDonald's reports its first earnings increase in over a year.

Taco Bell Lights Up the Galaxy's First ``Star-Studded'' Billboard

As part of the latest leg of its $200 million "Think Outside the Bun" campaign, Taco Bell is offering a trip to Hollywood and $1500 in cash to the customer who spots a "spork" in space.

Krispy Kreme Celebrates 65th Anniversary with Grand Opening of First Krispy Kreme Store in Palm Beach County

The Palm Beach unit's 'Hot Doughnuts Now' neon sign will stay lit for 24 hours in honor of the chain's anniversary and the store's opening.