September 03, 2010
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Your Franchise Financial News SourceFranchise News Watch brings you the latest in franchising financial news from around the web. As a news aggregator for the franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Franchise Financial News
Realogy Reports Results for Second Quarter 2010Realogy Corporation, a global leader in real estate and relocation services, today reported results for the second quarter ended June 30, 2010. Realogy's net revenue for the second quarter of $1.3 billion increased 23% compared to the same period in 2009. McDonald's Global Comparable Sales Rise 7.0% In JulyMcDonald's Corporation today announced global comparable sales growth of 7.0% in July. Performance by segment was as follows... Nathan's Famous, Inc. Reports First Quarter ResultsNathan's Famous, Inc. (NASDAQ:NATH) today reported results for the first quarter of its 2011 fiscal year that ended June 27, 2010. California Pizza Kitchen, Inc. (Nasdaq: CPKI) today reported revenues and net income for the second quarter ended July 4, 2010.California Pizza Kitchen, Inc. (Nasdaq: CPKI) today reported revenues and net income for the second quarter ended July 4, 2010. Midas 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 CEC Entertainment Franchise Reports Financial Results for the Second Quarter of Fiscal 2010CEC Entertainment, Inc. (NYSE: CEC) today announced its financial results for the second quarter ended July 4, 2010. Total quarterly revenues decreased 2.1% to $181.0 million during the second quarter of 2010 from total quarterly revenues of $184.8 millio Rubio's Restaurants Franchise Reports Second Quarter 2010 ResultsRubio's(R) Restaurants, Inc. (NASDAQ: RUBO) reported financial results for the second quarter and first half of the fiscal year ended June 27, 2010.
Texas Roadhouse, Inc. Announces Second Quarter 2010 ResultsTexas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 and 26 week periods ended June 29, 2010. Buffalo Wild Wings, Inc. Franchise Announces Second Quarter 2010 ResultsBuffalo Wild Wings, Inc. (NASDAQ: BWLD), announced today financial results for the second quarter ended June 27, 2010. Highlights for the second quarter versus the same period a year ago were: [ul] [li]Total revenue increased 12.4% to $145.7 million Chipotle Mexican Grill, Inc. Franchise Announces Second Quarter 2010 ResultsChipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2010. Nathan's Famous, Inc. Reports Year End ResultsNathan's Famous, Inc. (NASDAQ: NATH) today reported results for its 2010 fiscal year ended March 28, 2010, its seventh consecutive year of increased revenues and profits from continuing operations. Sonic Reports Third Quarter 2010 ResultsSonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced results for the third fiscal quarter ended May 31, 2010. Key aspects of the company's third quarter report included... Burger King Holdings Declares Quarterly DividendBurger King Holdings Inc. (NYSE:BKC) announced today that its board of directors has declared a quarterly dividend of $0.0625 per share of common stock. The dividend is payable on June 29, 2010 to shareholders of record at the close of business on... Gap Inc. Reports May SalesGap Inc. (NYSE:GPS) today reported that May 2010 net sales were up 2 percent from last year. Net sales for the four-week period ended May 29, 2010 were $1.05 billion compared with net sales of $1.03 billion for the four-week period ended May 30, 2009. Diedrich Coffee Reports Third Quarter Fiscal 2010 Financial ResultsDiedrich Coffee, Inc. (Nasdaq: DDRX), a leading roaster and wholesaler of the world's finest coffees, reported financial results for the third quarter ended March 3, 2010. 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... Brinker International Increases Fiscal 2010 Outlook, Raises Dividend and Authorizes Additional $250 Million for Share RepurchasesBrinker International, Inc. (NYSE: EAT) today estimates earnings per diluted share, before special items, of $0.41 to $0.44 for the company's third quarter ended Mar. 24, 2010 as compared to earnings per diluted share, before special items, of $0.45... Rubio's Restaurants Reports Fourth Quarter and Fiscal 2009 ResultsRubio's(R) Restaurants, Inc. (NASDAQ: RUBO) reported financial results for the fourth quarter and fiscal year ended December 27, 2009. 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.
Sonic Reports Second Quarter 2010 ResultsSonic Corp. (NASDAQ: SONC), the nation's largest chain of drive-in restaurants, today announced results for the second fiscal quarter ended February 28, 2010. Key elements of the company's second quarter report included: Weight Watchers Declares Quarterly DividendWeight Watchers International, Inc. (NYSE: WTW) today announced that its Board of Directors declared its quarterly cash dividend of $0.175 per share of common stock, which corresponds to an annual dividend rate of $0.70 per share. This quarterly... 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. CEC Entertainment Reports Financial Results for the Fourth Quarter and Fiscal Year-End 2009CEC Entertainment, Inc. (NYSE: CEC) today reported net earnings of $5.4 million for the fourth quarter ended January 3, 2010, compared to net earnings of $2.4 million in the fourth quarter of 2008. Diluted earnings per share increased to $0.24 for the...
Pizza Patron Achieved 3.9 Percent Increase in 2009Pizza Patron, the premier Latin pizza brand, posted comparable sales increases of 3.9 percent for 2009 compared to 2008. The company cited several factors contributing to its positive performance in one of the worst economic years in recent history. Jack in the Box Inc. Reports First Quarter FY 2010 Earnings; Updates Guidance for FY 2010Jack in the Box Inc. (NASDAQ: JACK) today reported net earnings of $24.2 million, or 43 cents per diluted share, for the first quarter ended Jan. 17, 2010, compared with earnings from continuing operations of $28.0 million, or 49 cents per diluted...
Realogy Reports Results for Full Year 2009Realogy Corporation, a global leader in real estate and relocation services, today reported results for the year ended December 31, 2009. Realogy had 2009 net revenue of $3.9 billion, a net loss attributable to the Company of $262 million, and earnings... Panera Bread Reports Fiscal 2009 EPS of $2.78, up 25% Over Fiscal 2008Panera Bread Company (NASDAQ: PNRA) today reported net income of $30 million, or $0.95 per diluted share, for the 13 weeks of the fourth quarter ended December 29, 2009, which included the net impact of $0.05 per diluted share of nonrecurring charges... Choice Hotels Reports Full Year 2009 Adjusted Diluted EPS of $1.71, Domestic Unit Growth of 4.0%Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for fourth quarter and full year 2009... Chipotle Mexican Grill, Inc. Announces Fourth Quarter and Full Year 2009 ResultsChipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its fourth quarter and full year ended December 31, 2009. Boston Pizza Royalties Income Fund and Boston Pizza International Inc. Announce Fourth Quarter Results and January Distributions to UnitholdersBoston Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) and Boston Pizza International Inc. ("BPI") each reported today financial results for the period from October 1, 2009 to December 31, 2009 (the "Period") and the full year results from... Dutch Bros.' Sales Increase in 2009; 10 New Stores Projected for 2010Despite a slow economy, Dutch Bros. Coffee ended 2009 on a high note that included a nearly six percent sales increase over last year and a rise in company giving. 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. Burger King Holdings Inc. Reports Second Quarter Fiscal 2010 ResultsBurger King Holdings Inc. (NYSE:BKC) today reported results for the second quarter of fiscal 2010. Key highlights of the company's second quarter results include... Nathan's Famous, Inc. Reports Third Quarter ResultsNathan's Famous, Inc. (NASDAQ:NATH) today reported results for the third quarter of its 2010 fiscal year that ended December 27, 2009. For the quarter ended December 27, 2009, net income increased by 22.8% to $1,052,000 or $0.19 per diluted share, as...
Chick-fil-A Marks 42 Years of Annual Sales Growth in 2009Despite the sluggish economy and its effect on the restaurant industry, Chick-fil-A® ended 2009 on a positive note by marking the company's 42nd year of consecutive sales growth. The Atlanta-based chain today reported 2009 system-wide sales of... Taco Del Mar Franchising Corp. to Voluntarily Restructure Under Chapter 11Taco Del Mar Franchising Corp. today announced that it is voluntarily restructuring its business under the protection of Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court in Seattle. The company is expecting to continue all... Benihana Inc. Reports Total Restaurant Sales and Comparable Restaurant Sales for the Third Fiscal Quarter 2010Benihana Inc. (NASDAQ: BNHNA; BNHN), operator of the nation's largest chain of Japanese theme and sushi restaurants, today reported total restaurant sales and comparable restaurant sales for the twelve-week third fiscal quarter ended January 3, 2010. California Pizza Kitchen, Inc. Reports Preliminary Fourth Quarter 2009 ResultsCalifornia Pizza Kitchen, Inc. (Nasdaq:CPKI) announced today that revenues increased 3.8% to $167.8 million for the fourth quarter ended January 3, 2010 versus $161.7 million in the fourth quarter of 2008. Full service comparable restaurant sales... Regis Reports Second Quarter Revenues of $575 MillionRegis Corporation (NYSE:RGS), the global leader in the $170 billion hair care industry, today reported consolidated revenues decreased 2.0 percent in the second fiscal quarter of 2010 to $575 million, compared to $587 million a year ago. Second quarter... Ruby Tuesday, Inc. Reports Profitable Second Quarter and Third Consecutive Quarter of Positive Same-Restaurant Guest TrafficRuby Tuesday, Inc. today reported diluted earnings per share of $0.01 on net income of $0.4 million for the Company's second quarter of fiscal 2010, which ended on December 1, 2009. This compares to a loss of $0.73 per diluted share on a net loss of...
Wyndham Worldwide to Report Fourth Quarter and Full Year 2009 Earnings on February 10, 2010; Conference Call and Webcast at 8:30amWyndham Worldwide Corporation (NYSE: WYN) today announced that it will report fourth quarter and full year 2009 results Wednesday, February 10, 2010. Steve Holmes, Chairman and CEO and Tom Conforti, Executive Vice President and Chief Financial Officer... Gap Inc. Reports December SalesGap Inc. (NYSE:GPS) today reported that December 2009 net sales were up five percent from last year. Net sales for the five-week period ended January 2, 2010 were $2.02 billion compared with net sales of $1.93 billion for the five-week period ended... |
Features & Special ReportsFranchising 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. Rolling with the Punches: Franchisors Continue Adapting to ChangeThe rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last. Change on the HorizonJust like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing. Hiring Entrepreneurs: A Case Study of Hiring the Spirit of SuccessAs we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.
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