May 22, 2012
Franchise News Watch

Your Franchise Financial News Source

Franchise 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.

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Franchise Financial News

Liberty Tax Service

Liberty Tax’s Preliminary Tax Season Results Show a Competitive Industry Edge

Liberty Tax Service continued its growth in key areas during the just-completed tax season, and successfully addressed major industry changes in its operations.

Jamba, Inc. Increases Company-Owned Comparable Store Sales Guidance to 4-6%

Jamba, Inc. (NASDAQ: JMBA) today announced that it has raised its guidance for company-owned comparable store sales and adjusted operating profit for fiscal year 2012.

Denny's

Denny’s Corporation Announces Additional Six Million Share Common Stock Repurchase Program

Denny’s Corporation (NASDAQ: DENN), one of America’s largest full-service family restaurant chains, today announced that its Board of Directors has approved a new share repurchase program.

Edible Arrangements Sales Up 11 Percent in First Quarter

Edible Arrangements®, the pioneer and leader in hand-sculpted, fresh-fruit arrangements, announced today that same store sales for the first quarter are up 11 percent over the same quarter last year. The 1,000+ unit chain has now experienced positive.

J.D. Byrider Announces Asset-Backed Securitization

J.D. Byrider, the nation’s leading used car sales and finance enterprise, closed its first asset-backed securitization today.

ServiceMaster Clean

The ServiceMaster Company Reports Preliminary First-quarter 2012 Financial Results

The ServiceMaster Company, one of the world's largest residential and commercial service networks, today announced preliminary, unaudited first-quarter 2012 results.

Texas Roadhouse, Inc. Announces Quarterly Dividend

On May 17, 2011, Texas Roadhouse, Inc.’s (Nasdaq: TXRH) Board of Directors authorized the payment of a cash dividend of $0.09 per share of common stock.

Gap Inc. Announces Dividend

Gap Inc. (NYSE:GPS) today announced that its Board of Directors authorized a quarterly dividend of $0.125 per share payable on or after July 24, 2012 to shareholders of record at the close of business on July 3, 2012.

DineEquity, Inc. Announces Solid First Quarter 2012 Results

DineEquity, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, reported financial results for the first quarter of 2012.

Firehouse Subs

Firehouse Subs® On Fire After Record-Breaking 2011

Driven by a mission of hearty and flavorful food, heartfelt service and public safety support, Firehouse Subs® surpassed company goals and industry averages, resulting in a record-breaking 2011.

Cosi, Inc. Reports 2012 First Quarter Results

Così, Inc. (NASDAQ: COSI), the fast casual restaurant company, today reported that it had reduced its net loss for the first quarter.

Weed Man Experiences Exceptional Franchise Growth in 2011; Continues into 2012

Weed Man, North America’s leading lawn care franchise company, continues to lead the lawn care sector with double-digit sales increases. Additionally, company executives predict a steady stream of growth for the remainder of 2012.

Fazoli’s April Sales Set New Record

New marketing and hospitality programs launched in early April helped drive a nearly 11 percent same-store sales increase last month at Fazoli’s, America’s largest premium Italian quick-service restaurant.

California Tortilla Sales Growth Streak Hits 25 Months

East Coast fast casual chain CALIFORNIA TORTILLA announced today their 25th consecutive month of sales growth. The record-setting streak measures month-to-month growth in sales across the chain.

Century 21 China Real Estate Files 2011 Annual Report on Form 20-F

CENTURY 21® brand in China, today announced that it has filed its annual report on Form 20-F for the year ended December 31, 2011, with the United States Securities and Exchange Commission.

Canadian Tire Releases Business Sustainability Results for First Quarter of 2012

Canadian Tire Corporation, Limited (CTC, CTC.a) today released the results of its business sustainability strategy for the first quarter of 2012.

Canadian Tire Announces First Quarter 2012 Results

Canadian Tire Corporation, Limited (TSX:CTC) (TSX:CTC.a) today released first quarter results for the period ended March 31, 2012, which reflected strong revenue and earnings growth compared to the first quarter of 2011.

Dickey's Barbecue Pit

Dickey's Barbecue Heats Up Q1 Growth

Dickey's Barbecue Pit announced today a 93% lease growth with 29 new building leases signed in the first quarter of 2012.

Chipotle Mexican Grill, Inc. Franchise Announces Second Quarter 2010 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its second quarter ended June 30, 2010.

The Keg Royalties Income Fund Announces May 2012 Cash Distribution

The Keg Royalties Income Fund (the "Fund") (TSX:KEG.UN) today announced that its May 2012 distribution of $0.08 cents per unit has been declared and is payable to unitholders of record as at May 21, 2012.

Naperville, Illinois Dogs Love Running! Franchisee Has Record 2012 First Quarter

The Naperville, Illinois franchise location of Dogs Love Running! had a record first quarter in 2012, including a break-out month in March.

The Wendy’s Company Announces Completion of New Senior Secured Credit Facility by Wendy’s International

The Wendy’s Company (the “Company”) announced today that Wendy’s International, Inc., has completed a new senior secured credit facility, which includes a $200 million revolving credit facility and a $1,125 million term loan.

Jersey Mike’s Saw Record Growth In 2011

Jersey Mike’s Subs’ 55th anniversary year in 2011 was cause for celebration as the popular chain, known for its fresh sliced/fresh grilled East Coast-style subs, opened its 500th restaurant, adding 69 new locations during the year, for record.

Raising Cane's Chicken Fingers Receives $30 Million from GE Capital Solutions, Franchise Finance

GE Capital Solutions, Franchise Finance and Louisiana-based Raising Cane's Chicken Fingers completed a $29.5 million financing deal including a $26 million term loan and a $3.5 million revolving line of credit.

Gymboree Play & Music

The Gymboree Corporation Reports Fourth Quarter and Fiscal Year 2011 Results

The Gymboree Corporation (the "Company") today reported consolidated financial results for the fourth fiscal quarter and the fiscal year ended January 28, 2012 ("fiscal 2011").

Bear Stearns Reports Full Year And Fourth Quarter 2007 Financial Results

The Bear Stearns Companies Inc. (NYSE:BSC) reported results today for the fiscal year and the fourth quarter ended November 30, 2007.

Yum! Brands

Yum! Brands Reports First-Quarter EPS Growth of 21%, or $0.76 Per Share, Excluding Special Items

Yum! Brands Inc. (NYSE: YUM) today reported results for the first quarter ended March 24, 2012 including EPS of $0.76, excluding Special Items. Reported EPS for the quarter was $0.96.

Famous Dave's Reports First Quarter Earnings of $0.11 Per Share

Famous Dave's of America, Inc. (Nasdaq:DAVE) today announced revenue and net income of $37.5 million and $817,000, respectively, or $0.11 per diluted share, for the first quarter ended April 1, 2012.

Chipotle Mexican Grill, Inc. Announces First Quarter 2012 Results

Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its first quarter ended March 31, 2012.

Jamba, Inc. Reports Fiscal Year 2007 Revenue Increase of 17.9%, and Fourth Quarter 2007 Revenue Increase of 9.6%

Jamba, Inc. (NASDAQ:JMBA; NASDAQ:JMBAU; NASDAQ:JMBAW) today reported preliminary unaudited revenue, comparable store sales, and store count results for its fourth quarter and fiscal year 2007.

Ruby Tuesday Reports Third Quarter Fiscal 2012 Results

Ruby Tuesday, Inc. (NYSE: RT) today reported financial results for the fiscal third quarter ended February 28, 2012.

McDonald's Global Comparable Sales Rise 3.3% In April

McDonald's Corporation (NYSE: MCD) today announced global comparable sales growth of 3.3% in April.

Cookies by Design Opens Corporate-Owned Store in Dallas

In time for the holidays, Cookies by Design, known as “the original cookie bouquetIM company,” opened today a corporate-owned retail location in North Dallas.

H&R Block Announces Quarterly Cash Dividend

H&R Block, Inc. (NYSE: HRB) today announced that its Board of Directors declared a quarterly cash dividend of 20 cents per share, payable July 2, 2012, to shareholders of record as of June 11, 2012.

Midas

TBC Corporation Commences Tender Offer for All Outstanding Shares of Midas, Inc. - Previously-Announced Offer Price of $11.50 Per Share in Cash

TBC Corporation and Midas, Inc. (NYSE: MDS) today announced that TBC Corporation has commenced the previously announced tender offer for all of the outstanding shares of common stock of Midas at a price of $11.50 per share.

Buffalo Wild Wings, Inc. Announces First Quarter Earnings Per Share of $0.98 and Quarterly Net Earnings Growth of over 22%

Buffalo Wild Wings, Inc. (NASDAQ: BWLD), announced today financial results for the first quarter ended March 25, 2012.

Racing Limos America Estimates Q1 2012 Revenues Up 50% From Last Quarter

Although its financials will not be posted until May 15, Racing Limos America, Inc., a subsidiary of Atlas Technology Group (OTC: ATYG), is expected to report a 50% increase in its Q1 2012 revenues over its previous quarter.

Gap Inc. Reports April and First Quarter Sales Results

Gap Inc. (NYSE: GPS) today reported that net sales for the first quarter of fiscal 2012 increased 6 percent compared with last year, and April 2012 net sales were flat compared with last year.

Rocky Mountain Chocolate Factory, Inc. Announces 10% Increase in Quarterly Cash Dividend to $0.11 per Share

Rocky Mountain Chocolate Factory, Inc. (NASDAQ: RMCF) today announced that its Board of Directors has declared a first quarter cash dividend of $0.11 per common share outstanding.

Famous Dave's Announces Additional One Million Share Repurchase Plan

Famous Dave's of America, Inc. (Nasdaq:DAVE) today announced that its Board of Directors has authorized a stock repurchase plan of up to one million additional shares of its common stock.

Ruby Tuesday, Inc. Announces Commencement of Offering of Senior Notes

Ruby Tuesday, Inc. (the "Company") announced today that it had commenced a private offering to eligible purchasers of Senior Notes due 2020 (the "Notes").

Sign & Graphics Franchise Sees Strong First Quarter in System Growth

FASTSIGNS® sign and graphics centers has started off 2012 with a strong first quarter of franchise growth, signing deals for new franchises, converting independent sign shops to the brand, and opening several new centers around the country.

Texas Roadhouse, Inc. Announces First Quarter 2012 Results

Texas Roadhouse, Inc. (NasdaqGS: TXRH), today announced financial results for the 13 week period ended March 27, 2012.

Einstein Noah Restaurant Group Announces Quarterly Cash Dividend of $0.125 Per Share

Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL), announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per share, payable on July 15, 2012 to stockholders of record as of June 1, 2012.

Yum! Brands

Yum! Brands Announces Full-Year 2012 Expectations; Raises 2011 EPS Growth Forecast to at least 13%, Excluding Special Items

Yum! Brands Inc. (NYSE: YUM), in advance of its annual Investor Update Meeting, increases its full year 2011 EPS growth forecast to at least 13%, or $2.85 a share, excluding special items; previous guidance was at least 12%.

School of Rock Receives Significant Additional Investment from Sterling Partners and Other Current Investors Expected to Triple its School Count by 2015

For the second time since receiving an initial investment from private equity firm Sterling Partners in 2009, School of Rock, the U.S. leader in performance-based music education, received an additional capital investment from its current investors.

Ruby Tuesday, Inc. Announces Pricing of Offering of Senior Notes

Ruby Tuesday, Inc. (the "Company") announced today that it had priced a private offering to eligible purchasers of $250 million of 7 5/8% Senior Notes due 2020 (the “Notes”) at an offering price of 98.536% of the principal amount thereof.

Toys“R”Us, Inc. Announces December 2011 Comparable Store Sales

Toys"R"Us, Inc. today announced its comparable store net sales and total sales for the month of December 2011.

Sport Clips Haircuts Sees Growth as Industry Leader

Sport Clips Haircuts, the nation's leading men's and boys' hair care provider, experienced its most successful year to date in 2011 with sales at retail of $250 million, no store closings, and strong franchise sales.

RadioShack Corporation Reports First-Quarter 2012 Results

RadioShack Corporation (NYSE: RSH) a leading national retailer of innovative mobile and technology products, services and accessories, today reported results for the first quarter ended March 31, 2012.


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Features & Special Reports

Quick on the Draw: Today's franchise system response must be quick and concise

Linda Shaub is CMO of Interim Healthcare, a network of 332 franchise locations providing medical staffing and in-home care services in 43 states.

Anatomy of a Turnaround: Bennigan's Reclaims The Integrity of An Icon

Everyone loves a good comeback story, and I am honored and humbled to be at the helm of a classic turnaround tale.

Growth Machine: Anil Yadav Shows No Signs Of Slowing Down

Anil Yadav has graced the pages (and one cover) of Multi-Unit Franchisee magazine twice before.

5 Key Mobile Marketing Strategies for Franchises

For franchise marketers, mobile marketing is now paramount to a successful online strategy.

MarketingSherpa: Marketing Wisdom for 2012

In case you missed it (and when it comes to marketing and social media there's plenty to keep up on), MarketingSherpa published its Wisdom Report, "Marketing Wisdom for 2012" earlier this year.

Time For Benchmarking: All That's Needed Is The Will

I am convinced that someday the franchising community will finally get around to unleashing its biggest competitive strength: unit predictability.

Improving the Speed and Effectiveness of Your Responses to Prospects

We asked two franchise marketing pros what they're doing to provide more timely - and relevant - responses to prospect inquiries.

Social Media Roundup - May 2012

Here are four reasons local business marketers should continue to use the Yellow Pages.

Health-Scare Reform: "There's Still More That We Don't Know Than We Do."

Since national health care reform was signed into law in March 2010, it has generated strong reaction from multi-unit franchisees and small-business owners across the nation.

The Customer Within: Provide Coworkers With The Best Service Possible

When we talk about customer service, we usually think about how we deal with the people who walk through our doors--both physical and virtual--to purchase our products and services.

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