Amidst one of the toughest years the restaurant industry has ever endured, Papa Murphy’s International today announced that its total U.S. systemwide sales grew to $630 million in 2009, up over 7% from 2008.
O’Charley’s Inc. (Nasdaq: CHUX) announced today that it has entered into a $45 million secured revolving credit facility, which matures on August 1, 2013, and amends and restates the Company’s existing secured revolving credit facility that was scheduled to mature on October 18, 2011.
Global comparable sales increase of 3.8%, fueled by the U.S. 2.6%, Europe 5.2% and Asia/Pacific, Middle East and Africa 3.4%
Taco Del Mar Franchising Corp. 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.
Brinker reported revenues for the 13-week period of $781.9 million, a decrease of 17.6 percent compared with $949.4 million reported for the same period of fiscal 2009.
Frisch’s Restaurants, Inc. (NYSE Amex: FRS) reported higher earnings for its 12-week fiscal second quarter ended December 15, 2009. Net earnings for the quarter increased 6.9% to $2,369,217 compared to $2,215,787 last year. Diluted earnings per share increased to $.46 per share, from $.43 per share last year. Sales declined 1.7% to $67,898,586 from $69,093,061 in last year’s second quarter.
Rick’s Cabaret International, Inc. (NASDAQ: RICK), the leading chain of upscale gentlemen’s clubs, today issued guidance to investors on its anticipated performance in fiscal 2010.
Total restaurant sales increased 4.8% to $70.0 million in the third fiscal quarter 2010 from $66.8 million in the third fiscal quarter 2009. For the third fiscal quarter 2010, Company-wide comparable restaurant sales were (3.4%), including (5.9%) at Benihana teppanyaki, 4.4% at RA Sushi, and (1.6%) at Haru.
CEO Richard C. Stockinger Appointed to Additional Role of President – Gene R. Baldwin Appointed Interim CFO
California 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.