Top Finance News

Teriyaki Madness Sees Notable Increases in Sales and Traffic in Third Quarter

Teriyaki Madness (TMAD), the Seattle-style teriyaki franchise, closed the third quarter with a 10.3 percent increase in same-store sales and a 5.5 percent gain in traffic, extending a year of performance that continues to outpace fast casual competitors. While industry traffic declined 2.6 percent and comparable sales increased just 1.4 percent during the quarter, TMAD moved […]

Yum! Brands Completes Sale of Pizza Hut to LongRange Capital

Yum! Brands announced the completion of the sale of Pizza Hut, excluding Mainland China (“Pizza Hut Ex-China”), to LongRange Capital (“LongRange”) for approximately $1.5 billion, subject to certain adjustments, with the opportunity for Yum! to receive an additional earn-out of $75 million by 2030 based on future performance. Together with the previously announced sale of […]