 Investigation Troubles Pile on at Krispy Kreme
In a move the chain believes relates to matters currently under formal investigation by the SEC, the U.S. Attorney's Office for the Southern District of New York has advised Krispy Kreme that it will seek to conduct interviews of certain current and former officers and employees of the company.
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 Hot Food Fact
 Best selling soup ? Chicken noodle
Second best ? Seafood bisque
Source: Reed Research Group/R&I 2003 Menu Census
Click here to view over 1,000 exciting TABASCO® recipes. |
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China Sales Fall but U.S. Comps Solid at Yum!
Yum! Brands Inc. reports that system sales for its China Division decreased 1% versus last year prior to foreign currency conversion, including adverse effects from the later timing of the Chinese New Year holiday period. U.S. blended same-store sales at company restaurants increased 4%.
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Entrepreneur Sells Hot Tables for Big Dining Dates
A businessman who bills himself as Mr. James is earning big bucks selling reservations at $40 a pop for hard-to-get tables at the hottest restaurants in New York City, Los Angeles and San Francisco for the year's biggest dining-out occasions. The Web-based service only offers high-profile dates such as Valentine's Day and Mother's Day.
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Strategic Repositioning Contributes to IHOP's Falling Net in '04
Pre-tax impairment and closure charges of $14.1 million primarily related to the strategic repositioning of company-operated restaurants contributed to a decrease of 9.1% in net income to $33.4 million and a 5.3% drop in diluted net income per share to $1.61 for IHOP Corp. in fiscal 2004. Systemwide same-store sales at the chain grew 5.3% for the year.
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Denny's Reorganizes Leadership; Posts Best Comps in a Decade
Craig E. Herman has been appointed to the new position of senior vice president of company operations at Denny's Inc., which recently posted its best performance in more than a decade as same-store sales at company restaurants grew 5.9% in 2004.
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February 25, 2005
