September 09, 2010
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Your Automotive Franchise Financial News SourceFranchise News Watch brings you the latest in automotive franchising financial news from around the web. As a news aggregator for the automotive franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Automotive Franchise Financial NewsMidas Auto Repair Franchise Reports Second Quarter Results of $0.06 Per ShareMidas, Inc. (NYSE:MDS) reported net earnings of $0.8 million--or $0.06 per diluted share--for the second quarter ended July 3, 2010, compared to $0.4 million--or $0.03 per diluted share--in the second quarter of 2009. Second quarter 2010 results were nega Snap-on Incorporated to Webcast 2010 First Quarter Results Conference CallSnap-on Incorporated (NYSE:SNA) will release 2010 first quarter results prior to the market open on Tuesday, April 20, 2010. A conference call to discuss the results will be held at 10:00am ET on that day. The conference call, with accompanying... Dollar Thrifty Automotive Group to Announce First Quarter 2010 Financial ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce first quarter 2010 financial results prior to market open on Wednesday, April 28, 2010. Midas Reports Fourth Quarter and Full Year 2009 ResultsMidas, Inc. (NYSE: MDS) reported a net loss of $(0.2) million--or $(0.02) per diluted share--for the fourth quarter ended Jan. 2, 2010, compared to net income of $2.7 million--or $0.20 per diluted share--in the prior year. Snap-on Announces Fourth Quarter and Full Year 2009 ResultsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced 2009 financial results for the fourth quarter and full year. Dollar Thrifty Automotive Group Provides Fourth Quarter UpdateDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on its outlook for the fourth quarter and full year of 2009. The Company announced that it expects fourth quarter Corporate Adjusted EBITDA to be within a range of $10 million... Snap-on Incorporated Declares Quarterly DividendThe Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable December 7, 2009 to shareholders of record on November 16, 2009. Snap-on has paid consecutive quarterly cash dividends... Snap-on Announces Third Quarter 2009 ResultsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the third quarter of 2009. Midas Reports Third Quarter EarningsMidas, Inc. (NYSE: MDS) reported net earnings of $1.4 million—or $0.10 per diluted share—for the third quarter ended Oct. 3, 2009. The 2009 results compare to net earnings of $1.7 million—or $0.12 per diluted share—in 2008. Snap-on Incorporated to Webcast 2009 Third Quarter Results Conference CallSnap-on Incorporated (NYSE:SNA) will release 2009 third-quarter results prior to the market open on Thursday, October 29, 2009. A conference call to discuss the results will be held at 10:00am ET on that day. The conference call, with accompanying... Dollar Thrifty Automotive Group Provides Third Quarter UpdateDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that based on preliminary results, it expects vehicle rental revenues for the third quarter of 2009 to decrease approximately 12% compared to the third quarter of 2008, as an approximate... Dollar Thrifty Automotive Group Provides Update on Closure of Non-Strategic LocationsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today provided an update on its previously announced location closure plans. As previously announced, as part of the Company's strategy of maximizing return on assets, certain corporate-owned stores... Snap-on Announces Second Quarter 2009 ResultsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the second quarter of 2009. Snap-on Incorporated Declares Quarterly DividendThe Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 8, 2009 to shareholders of record on August 17, 2009. Snap-on has paid consecutive quarterly cash dividends... Midas Reports Second Quarter Earnings of $0.03 Per Diluted Share after $0.09 of Non-Cash Special ItemsMidas, Inc. (NYSE: MDS) reported net earnings of $0.4 million--or $0.03 per diluted share for the second quarter ended July 4, 2009, compared to $2.2 million--or $0.16 per diluted share--in the second quarter of 2008. The second quarter 2009 results... Dollar Thrifty Automotive Group Provides First Quarter UpdateDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that based on preliminary results, it expects total vehicle rental revenues for the first quarter of 2009 to increase approximately 2 - 3% compared to the fourth quarter of 2008, as... Midas Delays Filing Annual Report on Form 10-K; Additional Pension Expenses Will Affect 2006 - 2008 Results; 2008 Earnings Per Diluted Share Revised tIn its filing today with the Securities and Exchange Commission, Midas, Inc. (NYSE: MDS) reported that the company had discovered and corrected an error in its third party actuary's calculation of the annual projected pension benefit obligation. Midas Reports 2008 Earnings Per Diluted Share of $0.57; Cash Flow from Operating Activities Remains Strong at $1.90 Per ShareMidas, Inc. (NYSE: MDS) reported net earnings of $7.9 million--or $0.57 per diluted share--for the fiscal year ended Jan. 3, 2009, compared to net income of $13.3 million--or $0.91 per diluted share--in the prior year. Dollar Thrifty Automotive Group Reports Results, Ends 2008 With $230 Million in Unrestricted CashDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the fourth quarter and year ended December 31, 2008. The net loss for the 2008 fourth quarter was $72.2 million, or $3.36 per diluted share, compared to a net loss of $30.6... Dollar Thrifty Automotive Group to Announce Fourth Quarter and Full Year 2008 Financial ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce fourth quarter and full year 2008 financial results prior to market open on Wednesday, February 18, 2009. Dollar Thrifty Automotive Group Provides Year-End UpdateDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that, based on preliminary estimated results, it ended the year with an unrestricted cash balance in excess of $210 million, approximately the same balance the Company reported on... Dollar Thrifty Automotive Group Update on NYSE Listing StatusDollar Thrifty Automotive Group, Inc. (NYSE: DTG), announced today that on December 23, 2008, the Company notified NYSE Regulation, Inc. ("NYSER") that it was not in compliance with the continued listing standard of the New York Stock Exchange under... Precision Auto Care Announces First Quarter FY 09 ResultsPrecision Auto Care, Inc. (Pink Sheets: PACI) announced its financial results for the first quarter of fiscal year ending June 30, 2009. Revenue was $3.2 million and loss was $6,000, or $0.00 per share, compared with a profit of $191,000, or $0.01 per... Snap-on Incorporated Declares Quarterly DividendThe Snap-on Incorporated (NYSE: SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable December 8, 2008 to shareholders of record on November 17, 2008. Snap-on has paid consecutive quarterly cash dividends... Dollar Thrifty Automotive Group Reports Third Quarter 2008 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2008. Net income for the 2008 third quarter was $18.9 million, or $0.87 per diluted share, as compared to net income of $11.3 million, or... Midas Reports Third Quarter Earnings of $0.12 Per Diluted Share after $0.04 of Special Items; Strong Start for Co-Branded SpeeDee-Midas Shops in CentrMidas, Inc. (NYSE: MDS) reported net earnings of $1.7 million--or $0.12 per diluted share--for the third quarter ended Sept. 27, 2008, compared to $3.0 million--or $0.21 per diluted share--in 2007. The 2008 results include $0.04 per share of special items Snap-on Announces Record Third Quarter 2008 EarningsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the third quarter of 2008. Dollar Thrifty Automotive Group Provides Update on LiquidityDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it anticipates closing the third quarter with a profit. Additionally, the Company expects to end the third quarter with an unrestricted cash balance in excess of $200 million, up... Dollar Thrifty Automotive Group to Announce Third Quarter 2008 Financial ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce third quarter 2008 financial results prior to market open on Wednesday, November 5, 2008. Dollar Thrifty Automotive Group Amends Credit Agreements for Sixty DaysDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that the Company successfully amended its senior secured credit facility to modify the level of permissible leverage during the period beginning September 30, 2008 and continuing through... Snap-on Incorporated Declares Quarterly DividendThe Snap-on Incorporated board of directors declared today a quarterly common stock dividend of $0.30 per share payable September 8, 2008 to shareholders of record on August 18, 2008. Dollar Thrifty Automotive Group Reports Second Quarter 2008 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the second quarter ended June 30, 2008. Midas Reports Second Quarter Earnings of $0.16 Per Diluted Share after $0.03 of Special Items; Begins Co-Branding of Midas Services at SpeeDee ShopsMidas, Inc. (NYSE: MDS) reported net earnings of $2.2 million--or $0.16 per diluted share--for the second quarter ended June 28, 2008, compared to $3.0 million--or $0.21 per diluted share--in 2007. Snap-on Announces Second Quarter 2008 ResultsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the second quarter of 2008.
Dollar Thrifty Automotive Group Reports First Quarter 2008 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the first quarter ended March 31, 2008. Dollar Thrifty Automotive Group to Announce First Quarter 2008 Financial ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) will announce first quarter 2008 financial results prior to market open on Monday, May 12, 2008. Midas Reports First Quarter Earnings of $0.09 Per Diluted Share and Net Cash Provided by Operating Activities of $0.50 Per ShareMidas, Inc. (NYSE: MDS) reported net earnings of $1.3 million--or $0.09 per diluted share--for the first quarter ended March 29, 2008, compared to $2.2 million--or $0.14 per diluted share--in the first quarter of 2007. Both the 2008 and 2007 results... Snap-on Incorporated Declares Quarterly DividendThe Snap-on Incorporated (NYSE:SNA) board of directors declared today a quarterly common stock dividend of $0.30 per share payable June 9, 2008 to shareholders of record on May 19, 2008. Snap-on has paid consecutive quarterly cash dividends...
Snap-on Announces First Quarter 2008 ResultsSnap-on Incorporated (NYSE: SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users, today announced operating results for the first quarter of 2008. Car-X Expects Growth in 2008Roger Hill, President and CEO of Car-X, kicked off the meeting with exciting news about the Car-X 2007 system-wide performance. Car-X opened 5 new stores, had 6 store re-sales and posted a 2.4% same store sales increase.
Midas Reports 2007 Earnings Per Diluted Share of $0.91; Cash Flow at $2.10 Per Share up 16 Percent from Year Ago; Company Provides 2008 GuidanceMidas, Inc. (NYSE: MDS) reported net earnings of $13.3 million--or $0.91 per diluted share--for the fiscal year ended Dec. 29, 2007. Dollar Thrifty Automotive Group Reports Fourth Quarter and Full Year 2007 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the fourth quarter and year ended December 31, 2007. Precision Auto Care Announces Second Quarter FY 08 ResultsPrecision Auto Care, Inc. (OTC Bulletin Board: PACI) announced its financial results for the second quarter of fiscal year ending June 30, 2008. Dollar Thrifty Automotive Group Announces Estimated 2007 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it expects full year 2007 non-GAAP earnings per diluted share to be in the range of $0.90 to $0.95. Non-GAAP earnings per diluted share excludes the change in fair value of... Dollar Thrifty Automotive Group Reports Third Quarter 2007 ResultsDollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported net income for the third quarter ended September 30, 2007 of $11.3 million, or $0.48 per diluted share, compared to $5.9 million, or $0.24 per diluted share, for the comparable 2006 quarter. Midas Reports Third Quarter Earnings Per Share of $0.21 after Special Items of $0.02 Per Share; Year-to-Date Operating Cash Flow Per Share up 27 PerceMidas, Inc. (NYSE: MDS) reported net earnings of $3.0 million--or $0.21 per diluted share--for the third quarter ended Sept. 29, 2007, compared to net earnings of $2.4 million--or $0.16 per diluted share--in the prior year. Snap-on Announces Third Quarter 2007 ResultsSnap-on Incorporated (NYSE:SNA), a leading global innovator, manufacturer and marketer of tools, diagnostics and equipment solutions for professional users, today announced third-quarter 2007 results. |
Features & Special ReportsFamily Friendly: A case study on family-run franchisingFamily-run franchise operations can offer a blessing, or a curse. An example of the blessing would be the close relationships and high degree of trust that exists in many families. In this case, success generally follows. But an example of the curse of family-run franchises could be the inability to separate business from family. That could be a serious problem after 5:00 and on weekends. Still, many families find the attraction of working together a strong pull and the results can be quite productive. Families like Ed Doherty's are a perfect example.< Mentor-Motivated: Two Key Individuals have Inspired Jerry HeathTwo people have figured prominently in Jerry Heath's career. The first is his father, who helped bankroll him when he started out in franchising. The second is Steve Jackson, the president of Hungry Howie's Pizza, who began mentoring Heath at an impressionable age (12). Stop the Bleeding: What Franchisors can do to Help Struggling FranchiseesTwo years of tight credit and reduced consumer spending not only have left many franchisees reeling, they've also put a serious crimp in their franchisors' royalty streams. We asked workout professionals and bankruptcy attorneys experienced in franchising what franchisors can do to help turn around their distressed franchisees--without spending precious funds or getting themselves into legal hot water. Franchising With Family Members Can Be Fraught With Danger Or Filled With SuccessIt can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities. Sales Intelligence for Superior Performance, Part 2Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person. Turning Around Struggling FranchiseesTwo years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water. New Gift Card Regulations Kicked in August 22ndLast year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers. Strong Cultures Sell More Franchises!Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises? Special Operations: Franchising in a Strange LandOpening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases.
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