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    Industry News

  • Equilon Enterprises LLC, Motiva Enterprises LLC and CKE Restaurants, Inc. today announced the formation of two venture companies to develop sites that offer both quick-service restaurants and gasoline facilities nationwide.
    Tricon Global Restaurants, Inc. reported first quarter ongoing operating earnings of $96 million, or $0.64 per share, a 28 percent increase for the quarter ended March 18, 2000.
    Famous Dave's of America, Inc. reported on April 24 profitable operating results and accelerating comparable store sales increases for its first fiscal period ended April 2, 2000.
    Richard Michael, president and CEO of American Kiosk Corporation, franchisor for Zero's, Mr. Submarine and Pizza Place announced May 1 that the company has aligned itself with a major premium distributor.
    Schlotzsky's Inc. announced April 26 its financial results for the quarter ending March 31, 2000.

    Total revenues for the first quarter of 2000 increased 28% over the same time period in 1999 to $13.1 million.
    CKE Restaurants, Inc. announced that its board of directors has declared a $.04 per share semi-annual dividend, payable on May 4, 2000 to shareholders of record at the close of business on April 19, 2000.
    Back Yard Burgers is giving away a trip for two to the Pepsi 400 NASCAR auto race in Daytona, Florida as the grand prize in the chain's Jeff Gordon Twist 'n' Go Sweepstakes.
    McDonald's Restaurants of central Indiana announced April 18 that 17 area students have been selected as Millennium Dreamers in a world-wide program honoring young people for their outstanding contributions to the community.
    Burger King Corporation will tie its Big Kids Meals in with Universal Pictures and Hanna-Barbara /Amblin Entertainment's upcoming film The Flintstones in Viva Rock Vegas