Corporate Profile for Flagstar Companies, dated June 7, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. Financial Markets, Reuter Reu·ter , Baron Paul Julius von 1816-1899. German-born British journalist who founded (1848) Reuter's, one of the first international news agencies. Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe An online information service that provides access to the Internet, e-mail, instant messaging and an integrated contact list. Founded in 1969 as a timesharing service, CompuServe is one of the oldest online services, being the first to offer e-mail in 1979 and online chat a year later. , Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. , NewsBank, Information Access Company, Prodigy An online information service that provides access to the Internet, e-mail and a variety of databases. Launched in 1988, Prodigy was the first consumer-oriented online service in the U.S. , Comtex, and many others. -0- Published date: June 7, 1996 Company name: Flagstar Companies, Inc.
Address: 203 East Main St.
Spartanburg, S.C. 29319
Telephone No.: 864-597-8000 Chief Executive Officer: James B. Adamson Chief Financial Officer: C. Robert Campbell Investor Relations Contact: Larry Gosnell Business number: 864-597-8658 Public Relations Contact: Karen Randall Business number: 864-597-8440 Trading symbol: FLST, FLSTP Industry: Restaurants
Company description:
Flagstar Companies, Inc., based in Spartanburg, S.C., is one of
the nation's largest restaurant companies. Flagstar owns and operates
Coco's, Carrows, Denny's, Quincy's Family Steakhouse and El Pollo Loco
restaurants. It is also the largest franchisee of Hardee's
restaurants.
The company reported 1995 revenues of $2.6 billion and operating
income of $165 million. The acquisition of Coco's and Carrows
restaurant chains in 1996 brings the company's total revenues to
nearly $3 billion. Twelve-month common stock (NASDAQ: National
Market System: FLST) closing price high and low are 6-1/8 and 2-7/8,
respectively, for the June 1995 through May 31, 1996 period.
Flagstar employs approximately 100,000 people systemwide.
The company serves over 2 million customers a day at its more than
2,900 restaurant operations.
Denny's, the nation's largest full-service family restaurant
chain, has over 1,500 company and franchise restaurants across
the United States, two U.S. territories and three foreign countries.
Flagstar operates nearly 600 Hardee's restaurants in nine
Southeastern states and Arkansas, Ohio and Pennsylvania.
Quincy's Family Steakhouse is among the leading family
steakhouse chains in the Southeast with nearly 200 restaurants in nine
states.
El Pollo Loco, a quick service chain with over 200 restaurants
concentrated primarily in California, features flame-broiled chicken
and Mexican style dishes.
Coco's is a bakery restaurant chain with 170 units, primarily in
California, with additional locations in Arizona, Texas, Washington,
Colorado, and Missouri.
Carrows, a regional family restaurant chain, operates 157
restaurants primarily in California, with other locations in
Arizona, Texas, Oregon, Nevada, Washington and New Mexico.
CONTACT: Flagstar Companies, Inc., Spartanburg |
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