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January 3, 2005
Chain Update: Yum! Brands, Outback And Others
A number of major chain operators have announced significant financial or operational news in recent days.
* Yum! Brands has announced its same-store sales results for the four-week period that closed on Dec. 25, 2004. The company’s blended same-store sales were up by 3% vs. the same period a year earlier. Taco Bell reported a 5% same-store sales increase, while Pizza Hut and KFC each reported same-store sales increases of 1%.
* Outback Steakhouse has released its same-store sales for the four-week period that ended on Dec. 25, 2004. The company’s Outback concept reported a same-store sales decline of 0.8% compared to the same period a year earlier, while Carrabba’s Italian Grills units reported a same-store sales increase of 3.2%. The company said its same-store sales results for the quarter were negatively impacted by the fact that Christmas this year fell on a Saturday.
* Ryan’s Restaurant Group has announced its sales results for the four-week and three-month periods that ended on Dec. 29. Same-store sales for the four weeks declined by 3.8% compared to the same period a year earlier. Total sales declined by 2% to $57.5 million. For the full quarter, same-store sales declined by 4.4%, while total sales fell by 2% year-over-year to $193.7 million.
* Brinker International has named Jean Birch president of Romano's Macaroni Grill. Birch succeeds John Miller, who has resigned from the position. Birch has worked with Brinker since 2003 as president of the company’s Corner Bakery Café concept.
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