Recent News

BK Names New Officer

Burger King Corporation announced on February 9, 2000 the appointment of Julio Ramirez as its senior vice president of U.S. Franchise Operations and Development, effective immediately.

Dairy Queen and Franchisees Settle Dispute

International Dairy Queen, Inc. announced March 9 the settlement of a class-action lawsuit filed in April of 1994 by five of its franchisees, who complained that IDQ was unreasonably preventing franchisees from purchasing food products and supplies from alternative sources.

FFCA Names New President

Franchise Finance Corporation of America announced December 17 the appointment of Christopher H. Volk as its new president, effective January 1, 2000.

McDonald’s Global Bond Issue Rated

Duff & Phelps Credit Rating Co. (DCR) has assigned a rating of ‘AA+’ (Double-A-Plus) to McDonald’s Y30 billion issue of global bonds in two tranches.

Pancho’s First Quarter, 2000

Pancho’s Mexican Buffet, Inc. announced January 28, 2000 its financial results for the fiscal first quarter ended December 31, 1999.

Wienerschnitzel Plays Cupid

Gordon and Theodora Graybill of San Diego, California, were escorted in style by Wienerschnitzel’s softhearted icon, The Delicious One, to Las Vegas for a red-hot Valentine’s weekend.

Restaurateurs Take Stand in Congress

Testifying before a key House subcommittee February 15, a Washington, D.C.-area restaurateur called for Congress to “help her help current employees, and reach out to future employees” by eliminating the punitive limit government puts on older Americans who want to work while also earning Social Security benefits.

Schlotzsky’s Inc. Announces 1999 Results

Schlotzsky’s announces that it had adopted a new accounting policy, effective Jan. 1, 1999, for the financial reporting of revenue generated as non-refundable area developer fees.

Manhattan Bagel Warms Up Winter

Continuing to expand its lineup of innovative products, New World Coffee-Manhattan Bagel Inc. announcedFebruary 24 that its Manhattan Bagel subsidiary has added a new Caribbean Bagel to its menu.

Dairy Queen Promotes Charity

San Francisco 49ers quarterback Steve Young, part owner of a Dairy Queen franchise in Utah, congratulated fellow operators throughout Texas today for their fund raising on behalf of Children’s Miracle Network.

Jack in the Box Reports 1st Q

Jack in the Box Inc., reported on February 16, 2000 record first-quarter earnings of $20.4 million, compared with $15.8 million in the first quarter a year ago — an increase of 29 percent.

Indiana McDonald’s Honors Students

McDonald’s of Central Indiana will honor ten Central Indiana high school students as Black History Makers of Tomorrow in a ceremony at the Indiana State House Rotunda.

Quizno’s: 100 New Units in 1st Q 2000

The Quizno’s Corporation (Nasdaq: QUIZ) announced February 15,2000 that it has posted a profit of $385,434 net income applicable to common shareholders, or $.11 per diluted share in its 1st quarter of fiscal 2000, which ended December 31, 1999.

PJ’s: January Results, Management Shift

Papa John’s International, Inc. announced February 14, 2000 that systemwide comparable sales for the four weeks ended January 23, 2000 increased approximately 3.8%, comprised of a 5.3% increase at company-owned restaurants and a 3.2% increase at franchised units.