Papa John’s International Inc. (PZZA) recently announced job cuts at its headquarters in Louisville. The company pared off 35 of its 600 employees, exposing its vulnerability to the crumbling economy.
However, Papa John’s and other fast-food restaurant chains such as McDonald’s Corp. (MCD), Burger King Holdings (BKC), Krispy Kreme Doughnuts (KKD), Yum! Brands (YUM) and Chipotle [...]
McDonald’s Corporation’s (MCD) comparable sales growth lost momentum in the month of August 2009. After increasing 4.3% in the month of July, the rise in comps was restricted at 2.2%, exposing its sensitivity to rising unemployment, the economic downturn and the discount war amongst fast-food chains to lure consumers. Last year, comps had increased 8.5% [...]
Burger King Holdings Inc. (BKC) recently reported fourth quarter 2009 financial results with a low single-digit decline in its top-line, but a surprise double-digit growth in the bottom-line. Lower total operating expenses (down 4%), a fall in interest expense (down 9%), and lower effective tax rate (21.6% for the quarter under review versus 26.7% in [...]
Despite a sinking global economy, McDonald’s Corporation (MCD) continues to grow same-store sales while maintaining healthy margins and outperforming competitors. In the current economic environment where GDP is falling and unemployment is on the rise, McDonald’s was able to boost its domestic share with its Dollar Menu products like the Big ...
Despite a sinking global economy, McDonald’s Corporation (MCD) continues to grow same-store sales while maintaining healthy margins and outperforming competitors. In the current economic environment where GDP is falling and unemployment is on the rise, McDonald’s was able to boost its domestic share with its Dollar Menu products like the Big Mac and McCafe premium [...]
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