Fresh figures.A 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. decline doesn't seem like a reason to be upbeat, but executives at parent company Wendy's International Wendy's International, Inc. NYSE: WEN is the parent company of Wendy's Old Fashioned Hamburgers. It also owns 70 percent of Cafe Express and 25 percent (fully diluted) of Pasta Pomodoro. The Tim Hortons chain was spun off by Wendy's into a separate company in September 2006. Inc. were almost cheery cheer·y adj. cheer·i·er, cheer·i·est Showing or suggesting good spirits; cheerful: a cheery hello. cheer when Baja Fresh Baja Fresh is a restaurant chain of Fresh Mex restaurants founded in Newbury Park, California, United States in 1990 by Jim and Linda Magglos. Categorized as a "fast-casual" restaurant, the quality and preparation time of its food is between that of a fast-food restaurant and a reported a 1.7 dip in same-store sales for the second quarter. Wendy's was relieved that the Thousand Oaks-based chain of casual Mexican restaurants didn't match the 6.2 percent same-store sales slip of a year ago. The nation's No. 3 fast-food company chalked up the relative good news to a turnaround effort that includes revamping Baja Fresh's menu and installing new management. "The results at Baja Fresh are beginning to show the improvement we expected to see this year, which is encouraging," Jack Schuessler, Wendy's chief executive, said in a statement. Wendy's had set out on a growth strategy when it bought the chain for $275 million three years ago. But after Baja Fresh struggled to produce sales outside of its California base, Wendy's pulled back the expansion and added just five units in the second quarter, bringing Baja Fresh's total to 303. Brion Grube, Baja Fresh's new chief executive and a 15-year Wendy's veteran, has been spearheading Baja Fresh's menu changes. The chain added smoky chipotle chi·pot·le n. A ripe jalapeño pepper that has been dried and smoked for use in cooking. [American Spanish, from Nahuatl xipotli.] Noun 1. chicken quesadillas and flautas to its menu during the quarter. The changes have given revenues a boost. Wendy's reported that second-quarter revenues at its developing brands, which include Baja Fresh and a 19-unit Wendy's concept called Caf6 Express, increased 1.6 percent in the second quarter, to $54.3 million. Staff reporter Rachel Brown Rachel Brown (born July 2 1980) is an English footballer, currently playing as goalkeeper for Everton Ladies and England Women. After a long spell out with injury, Brown returned to the England team against Sweden in the last group game of Women’s Euro 2005. can be reached by phone at (323) 549-5225, ext. 224, or by email at rbrown@labusinessjournal.com. |
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