Advantica Reports March Same-Store Sales.Business Editors SPARTANBURG Spartanburg, city (1990 pop. 43,467), seat of Spartanburg co., NW S.C., in the Piedmont (see under piedmont) near the N.C. line; inc. 1831. The city is noted for its textile production. , S.C.--(BUSINESS WIRE)--April 18, 2001 Advantica Restaurant Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DINE) today reported same-store sales Same-store sales is a business term which refers to the revenue generated by one of a retail chain's specific outlets during a certain period of time (often a fiscal quarter or a particular shopping season), compared to an identical period in the past, usually in the previous year. for company-owned restaurants during the five-week period ended March 28, 2001, compared with the same period in fiscal year 2000. Denny's Denny's is the largest full-service family restaurant chain in the United States. It operates over 2,500 restaurants in the United States (including Puerto Rico), Canada, Curaçao, Costa Rica, El Salvador, Japan, Mexico, and New Zealand. For the fiscal month of March, Denny's company-owned restaurants posted an increase in same-store sales of 0.9%. The increase included the impact of a 3.9% higher average guest check. Coco's and Carrows Carrows is a chain of casual dining restaurants operating in the western portion of the United States. As of 2004, the chain operates over 100 restaurants, mostly in California and with locations in New Mexico, Nevada, Oregon, Texas, and Washington. For the fiscal month of March, Coco's posted a decline in same-store sales at company-owned units of 7.9% which included a 1.9% higher average guest check. Carrows same-store sales decreased 1.9% which included a 3.5% higher average guest check. Included below are the Company's restaurant counts at the end of March compared to year end 2000.
Restaurant Units 3/28/01 12/27/00
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Denny's
Company-owned 707 736
Franchised 1,095 1,067
Licensed 16 19
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1,818 1,822
Discontinued Operations:
Coco's
Company-owned 143 144
Franchised 36 35
Licensed 303 302
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482 481
Carrows
Company-owned 114 114
Franchised 28 27
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142 141
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2,442 2,444
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Advantica Restaurant Group, Inc. is one of the largest restaurant companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , operating over 2,400 moderately priced restaurants in the mid-scale dining segment. Advantica owns and operates the Denny's, Coco's and Carrows restaurant brands. For further information on the Company, including news releases, links to SEC filings and other financial information, please visit Advantica's website at www.advantica-dine.com. |
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