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Triarc Submits Bid for Wendy's

02.11.2007, 07:31

Triarc Cos. submitted a bid to buy Wendy's International Inc. for less than it had originally indicated it would pay.

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The parent company of the Arby's fast-food chain said in a filing with the Securities and Exchange Commission that it put in an offer for Wendy's on Monday, the deadline that bids were due for the hamburger chain. Triarc didn't disclose how much money it offered but said its proposed purchase price is below the valuation range that Triarc had indicated it would be prepared to pay in July, which was $37 to $41 a share.

Billionaire lowers his price in offer to buy Wendy's

12.10.2007, 07:27

Billionaire investor Nelson Peltz submitted an offer to buy Wendy's International (WEN), but the proposed price is below what he previously said the nation's third-largest hamburger chain is worth, according to a regulatory filing Tuesday.

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Peltz's Triarc Co. (TRY), which owns fast-food chain Arby's, submitted the bid Monday, according to the filing by Peltz's hedge fund, Trian Fund Management. In April, Wendy's formed a committee to look at ways the company could boost its stock price, including a possible sale.

Franchisees Balk at Dollar Menu

13.09.2007, 07:22

McDonald's Corp. regards its Dollar Menu as a key part of its "Plan To Win" strategy, but there is rising discontent among franchisees that it also is a way to lose money.

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Top Six Restaurants Honored as 2007 Bob Evans Restaurants of the Year

02.08.2007, 13:53

Bob Evans Farms Inc. has named six of the company's 579 restaurants as recipients of the 2007 Bob Evans Restaurant of the Year award. The company's highest honor was bestowed on the top-performing restaurant in each region. The winners of this year's award are Jacksonville, Fla.; Logansport, Ind.; Toledo, Ohio; Chillicothe, Ohio; Blue Springs, Mo.; and Smithfield, N.C.

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Bob Evans Farms' Chief Executive Officer Steve Davis will visit each winning restaurant during two days -- July 23 and 24 -- to honor the employees and management teams for their accomplishments. The restaurant general managers will each receive 100 shares of Bob Evans stock and each employee will receive $100.

McDonald's, Wendy's earnings to diverge

23.07.2007, 13:47

Two fast-food giants reporting their second quarter numbers next week are apt to show very different trends with McDonald's continuing its incredible sales roll as Wendy's remains mired in a revenue slowdown.

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The company said earlier this week that a move to sell 1,600 existing restaurants to a franchiser in Latin America and the Caribbean will cost it nearly $1.6 billion, or about $1.33 a share. Coupled with a gain of 2 cents a share for eliminating the depreciation on those assets, it said it expects to lose 60 cents a share. Knocking out those items, McDonald's said its earnings from operations would be about 71 cents a share -- 4 cents higher than the then-average estimate of analysts polled by Thomson Financial.

Wendy's Named `"Best Burger" by Zagat Survey

02.05.2007, 17:44

Zagat Survey, which is considered the world's leading provider of consumer survey-based leisure content, recently named Wendy's as having the "Best Burger" in the quick-service restaurant industry.

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Results of the first Zagat/Today Show Fast Food Survey and the 5,535 participants hailed Wendy's as "Queen of the Fast-Food Mega-Chains." The survey results were announced live on NBC's "Today" show on May 11, 2007.

Papa John's recognized for customer satisfaction

03.04.2007, 15:50

Papa John's International Inc. earned the highest customer satisfaction rating among pizza chains in the this year's American Customer Satisfaction Index.

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Produced by the Stephen M. Ross Business School at the University of Michigan, in partnership with the American Society for Quality, the ACSI surveys consumers about the quality of products and services available in the United States.

Restaurant closures push Mexican Restaurants to first-quarter loss

01.03.2007, 15:39

Restaurant closure costs and a loss from discontinued operations were responsible for Mexican Restaurants Inc. turning in a first-quarter net loss, the company said Tuesday.

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The Houston-based, Mexican-restaurant company reported a net loss for the first quarter ended April 1 of $69,544 or 2 cents per share, on revenue of $20.5 million, compared with net income of $765,946 or 21 cents per share, on revenue of $20.8 million, for the same period in 2006.

Los Angeles restaurant news

03.02.2007, 10:11

The Penthouse has debuted in the former Toppers space on the 18th floor of the Huntley Hotel, with design from Thomas Schoos.

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Chef Michael Reidt, previously of Sevilla in Santa Barbara, prepares globally-inspired dishes like sugarcane-skewered scallops with chili-braised oxtail and parsnip; citrus-poached shrimp cocktail with spiced horseradish sauce; and for dessert, dolche de leite de carina with crumbled Oreos and caramel-balsamic ice cream. Open daily for lunch and dinner.

Dallas To Crack Down On Restaurants

02.01.2007, 10:07

The City of Dallas will soon launch a crackdown on bars masquerading as restaurants.

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The City’s rules stipulate that if more than 75 percent of sales come from alcohol, then that location is a bar. These restaurants will soon have to prove that they qualify as restaurants.

Champps Americana Restaurants Celebrates Its 20th Anniversary with a Week-Long Party That Includes Food and Drink Specials and Many Local Events

2005.05.26, 21:32