September 05, 2010
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Your Small Business Franchise Financial News SourceFranchise News Watch brings you the latest in small business franchising financial news from around the web. As a news aggregator for the small business franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Small Business Franchise Financial NewsPanera 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... 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. Suburban Propane Partners, L.P. Announces Full Year and Fourth Quarter ResultsSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced results for its fourth quarter and fiscal year... General Nutrition Centers, Inc. Reports Third Quarter 2009 ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), a leading global specialty retailer of nutritional products, today reported its financial results for the quarter ended September 30, 2009. Panera Bread Reports Q3 EPS of $0.61 (Including $0.04 in Net Charges), up 35% Over Q3 2008Panera Bread Company (NASDAQ: PNRA) today reported net income of $19 million, or $0.61 per diluted share, for the third quarter ended September 29, 2009, which included the net impact of $0.04 per diluted share of nonrecurring charges resulting from... Aaron's, Inc. Announces Third Quarter Results; Same Store Revenues Up 6.3%; EPS $.45Aaron's, Inc. (NYSE: AAN), the nation's leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for the three and... DRYCLEAN USA, Inc. Announces Year End ResultsDRYCLEAN USA, Inc. (NYSE Amex:DCU) today reported results of operations for the Company's year ended June 30, 2009. ACE Cash Express, Inc. Announces Earnings Date and Conference Call for Noteholders to Discuss Fiscal 2009 ResultsACE Cash Express, Inc. announced that on September 28, 2009, it will provide fiscal 2009 financial results to Wells Fargo Bank, National Association, the trustee under the Indenture dated as of October 5, 2006 governing the Company's 10.25%... Aaron's, Inc. Expects Positive Same Store Revenue Growth in Third QuarterAaron's, Inc. (NYSE: AAN), the nation's leader in the sales and lease ownership and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, today announced expectations for third quarter 2009 same... Papa Bello CEO Sells Majority Ownership Position to Aero FinancialPapa Bello Enterprises (Pink Sheets: PAPA) announced today that Aero Financial has purchased 20,000,000 shares of stock from the CEO of Papa Bello, Chase Canfield, giving a majority ownership stake to Aero Financial. As controlling owner...
Sbarro, Inc. Announces Results of Operations for the Second Quarter and Six Months Ended June 28, 2009Sbarro, Inc. (the "Company") announced today results of operations for the second quarter and six months ended June 28, 2009. The Company's detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC on... General Nutrition Centers, Inc. Reports Second Quarter 2009 ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), the largest global specialty retailer of nutritional products, today reported its financial results for the quarter ended June 30, 2009. Suburban Propane Partners, L.P. Announces Third Quarter Earnings Following Twenty-Second Distribution IncreaseSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its third quarter ended June 27, 2009. General Nutrition Centers, Inc. Reports Fourth Quarter and Full Year 2008 ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), the largest global specialty retailer of nutritional supplements, today reported its financial results for the quarter and year ended December 31, 2008. GNC Schedules Conference Call and Webcast to Report 4th Quarter and Full Year 2008 Financial ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), announced today that it has scheduled a conference call and webcast to report its financial results for the fourth quarter and full year 2008 on Thursday, March 19, 2009 at 11 a.m. EDT. Aaron Rents, Inc. Changes Dividend Record DateOn February 26, 2009 Aaron Rents, Inc.(NYSE: RNT) announced the declaration of a quarterly cash dividend. The dividend declared was $.017 per share on Common Stock and $.017 per share on Class A Common Stock, payable April 1, 2009 to shareholders of... Aaron Rents, Inc. Directors Declare DividendThe Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, has declared a... Aaron Rents, Inc. Reports Fourth Quarter and Year End Results; Same Store Revenues Up 6.2%; Diluted EPS $.39 for Quarter and $1.66 for Year; Raises 20Aaron Rents, Inc. (NYSE: RNT), the nation's leader in sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced revenues and earnings for the... Suburban Propane Partners, L.P. Announces Strong First Quarter Earnings Following Twentieth Distribution IncreaseSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced earnings for its first quarter ended December 27, 2008. Colortyme Expands Financing Programs For FranchiseesColorTyme today announced it has reached a milestone in its financial-assistance program offerings with the addition of SBA loans to its growing portfolio of finance options. "No other rent-to-own (RTO) franchisor has such a broad spectrum of capital... Dryclean Usa Receives Tender OfferDRYCLEAN USA, Inc. (AMEX:DCU) (listed New York Stock Exchange Alternext, formerly the American Stock Exchange, under the symbol "DCU") announced that it received a proposal today from members of the Steiner family, the principal stockholders of the... Aaron Rents, Inc. Sees Strong Fourth Quarter; Raises 2009 Earnings GuidanceAaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced that business trends... Card Connection Franchisee Aims to 'More than Double' Profits Despite the Credit CrunchLeading greeting card publisher and franchisor, Card Connection's franchisee for Richmond and Ealing, Theo Kleanthous, is aiming to 'more than double' profits despite the widely publicised credit crunch. Theo has just purchased the additional Card... DRYCLEAN USA, Inc. Announces First Quarter ResultsDRYCLEAN USA, Inc. (AMEX:DCU) today reported increased operating results for the three month period ended September 30, 2008. Sbarro, Inc. Announces Results of Operations for the Quarter and Nine Months Ended September 28, 2008Sbarro, Inc. (the "Company") announced today results of operations for the quarter and the nine months ended September 28, 2008. The Company's detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC today. Sbarro, Inc. To Host Conference Call on November 12, 2008 to Discuss Results of Operations for the Quarter Ended September 28, 2008Sbarro, Inc (the "Company") announced that it issued a press release today on its Results of Operations for the quarter and nine months ended September 28, 2008 and has scheduled a conference call on Wednesday November 12, 2008 at 2:00 PM Eastern... General Nutrition Centers, Inc. Reports Third Quarter 2008 Financial ResultsGeneral Nutrition Centers, Inc. ("GNC" the "Company" or "we"), the largest global specialty retailer of nutritional supplements, today reported its financial results for the third quarter ended September 30, 2008. GNC Schedules Conference Call and Webcast to Report 3rd Quarter 2008 Financial ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), announced today that it has scheduled a conference call and webcast to report its financial results for the third quarter of 2008 on Tuesday, November 11, 2008 at 11 a.m. ET. Aaron Rents, Inc. Directors Raise Dividend by 6.3%Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced that the quarterly... Suburban Propane Partners, L.P. to Hold Fiscal 2008 Fourth Quarter/Year End Results Conference CallSuburban Propane Partners, L.P. (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and related products and services, as well as a marketer of natural gas and electricity, today announced that it has scheduled its Fiscal 2008 Fourth Quarter... Aaron Rents, Inc. Reports Third Quarter Results; Revenues Up 16%; Same Store Revenues Up 5.7%; EPS Up 34%Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced revenues and earnings for... ACE Cash Express, Inc. Announces Earnings Date and Conference Call for Noteholders to Discuss Fiscal 2008 ResultsACE Cash Express, Inc. announced that on September 29, 2008, it will provide fiscal 2008 financial results to Wells Fargo Bank, National Association, the trustee under the Indenture dated as of October 5, 2006 governing the Company's 10.25% Senior... DRYCLEAN USA, Inc. Announces Year End ResultsDRYCLEAN USA, Inc. (AMEX:DCU) today reported results of operations for the Company's year ended June 30, 2008. Speciality Packaging Firm Opens To Service Philadelphia Area With Record Breaking First Month Sales.Navis Pack & Ship, a franchise company that packs and ships electronics equipment, artwork, machinery and other fragile, large, awkward or valuable (FLAV) items, has opened in the Philadelphia Metro area. General Nutrition Centers, Inc. Reports Second Quarter 2008 Financial ResultsGeneral Nutrition Centers, Inc., the largest global specialty retailer of nutritional supplements, today reported its financial results for the second quarter ended June 30, 2008 Suburban Propane Partners, L.P. Announces Results for Third Quarter Following its Eighteenth Distribution IncreaseSuburban Propane Partners, L.P. (the "Partnership") (NYSE: SPH), a nationwide distributor of propane gas, fuel oil and refined fuels and related products and services, as well as a marketer of natural gas and electricity, today announced results for... Aaron Rents, Inc. Directors Declare DividendThe Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, has declared a qua Aaron Rents, Inc. Reports Second Quarter Results; Revenues Up 15%; Same Store Revenues Up 4.1%; EPS Up 19%; Raises Earnings Guidance For YearAaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, today announced revenues and earnings for... Fastway Group Announces $441 Million TurnoverSpeaking from their new corporate headquarters in Napier, Group Managing Director Brem Ellingham said that 2008 marks several milestones for the group. Snap Fitness Announces Minority Equity Investment by Summit PartnersSnap Fitness, Inc., the rapidly growing franchisor of compact, 24/7 express fitness clubs, today announced it has received a minority equity investment from Summit Partners, a private equity and venture capital firm that has raised more than... Sbarro, Inc. Announces Results of Operations for the Quarter Ended March 30, 2008Sbarro, Inc. (the "Company") announced today results of operations for the quarter ended March 30, 2008. ACE Cash Express, Inc. Announces Earnings Date and Conference Call for Noteholders to Discuss Fiscal Third Quarter 2008 ResultsACE Cash Express, Inc. announced that on May 15, 2008 it will provide fiscal third quarter financial results to Wells Fargo Bank, National Association, the trustee under the Indenture dated as of October 5, 2006 governing the Company's 10.25%... DRYCLEAN USA, Inc. Announces Third Quarter ResultsDRYCLEAN USA, Inc. (AMEX:DCU) today reported results of operations for the nine and three month periods ended March 31, 2008. General Nutrition Centers, Inc. Reports First Quarter 2008 Financial ResultsGeneral Nutrition Centers, Inc. ("GNC" or the "Company"), the largest global specialty retailer of nutritional supplements, today reported its financial results for the first quarter ended March 31, 2008. Aaron Rents, Inc. Directors Declare DividendThe Board of Directors of Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics and home appliances and accessories, has declared...
Panera Bread Reports First Quarter EPS of $0.41Panera Bread Company (Nasdaq: PNRA) today reported net income for the first quarter ended March 25, 2008 of $12 million, or $0.41 per diluted share, which included the impact of a charge of $0.06 per diluted share resulting from... Aaron Rents, Inc. Reports First Quarter Results; Revenues Up 13%; Earnings Exceed EstimatesAaron Rents, Inc. (NYSE: RNT), the nation's leader in the sales and lease ownership, specialty retailing and rental of residential and office furniture, consumer electronics, home appliances and accessories, today announced revenues and earnings for...
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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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