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Wingstop Expands Support in Response to Natural Disasters in Texas
Prnewswire· 2025-07-11 23:23
Group 1 - Wingstop Inc. is expanding its support for communities affected by natural disasters in Texas, matching contributions up to $1 million for the American Red Cross Disaster Relief Fund [1][2] - The company will launch Family Flavor Day on July 15, donating 15% of sales from all Texas locations to the American Red Cross, and will match donations made through the Round-Up campaign and Family Flavor Day, up to $500,000 [2] - Wingstop's President & CEO, Michael Skipworth, expressed the company's commitment to supporting Texas communities and first responders during these challenging times [3] Group 2 - In fiscal year 2024, Wingstop's system-wide sales increased by 36.8% to approximately $4.8 billion, marking the 21st consecutive year of same-store sales growth [5] - The company aims to become a Top 10 Global Restaurant Brand and operates over 2,650 locations worldwide, with independent franchisees accounting for approximately 98% of its total restaurant count [5] - Wingstop has received multiple accolades, including a spot on Ad Age's 'Hottest Brands' list and recognition as one of QSR Magazine's "Best Brands to Work For" [6]
Portillo's Announces Second Quarter 2025 Earnings Webcast
Globenewswire· 2025-07-09 20:30
OAK BROOK, Ill., July 09, 2025 (GLOBE NEWSWIRE) -- Portillo’s, Inc. (NASDAQ: PTLO) announces the following event: What:PTLO Q2 2025 Earnings WebcastWhen:Tuesday, August 5 at 10 a.m. ESTWhere:investors.portillos.comHow:Live webcast (web address above)Contact:Chris Brandon, Vice President of Investor Relations312.931.5578cbrandon@portillos.com  *This webcast event will be archived on the Portillo’s Investor Relations website for replay.*Q2 2025 Earnings Release will go out before market open on Tuesday, Augus ...
Mondelēz Global LLC Conducts U.S. Voluntary Recall of Four Carton Sizes of RITZ Peanut Butter Cracker Sandwiches Due to Labeling Error
Globenewswire· 2025-07-08 15:15
Core Point - Mondelēz Global LLC has announced a voluntary recall of specific RITZ Peanut Butter Cracker Sandwiches due to potential mislabeling that could pose a risk to individuals with peanut allergies [1][5]. Product Recall Details - The recall affects four carton sizes: 8-pack, 20-pack, and 40-pack of RITZ Peanut Butter Cracker Sandwiches, as well as the 20-pack RITZ Filled Cracker Sandwich Variety Pack [1][2]. - The affected products may be incorrectly labeled as Cheese variety, while they actually contain Peanut Butter [1][5]. - All outer cartons are correctly labeled and include an allergen advisory statement indicating the presence of peanuts [2]. Specific Product Information - The recalled products include: - 11.4 oz. RITZ Peanut Butter Cracker Sandwiches (8 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 27.6 oz. RITZ Peanut Butter Cracker Sandwiches (20 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 55.2 oz. RITZ Peanut Butter Cracker Sandwiches (40 Count) with Best When Used By Dates of NOV 25 and JAN 26 [3]. - 27.3 oz. RITZ Filled Cracker Sandwich 20-Count Variety Pack with Best When Used By Dates of NOV 25 [3]. Consumer Guidance - Consumers with peanut allergies are advised not to consume the affected products and to discard them [6]. - Mondelēz Global LLC has set up a consumer hotline for further information regarding the recall [6]. Company Overview - Mondelēz International, Inc. reported net revenues of approximately $36.4 billion in 2024 and operates in over 150 countries with a portfolio of iconic brands [7].
Top 2 Risk Off Stocks You May Want To Dump This Quarter
Benzinga· 2025-07-01 12:00
Group 1: Market Overview - As of July 1, 2025, two stocks in the consumer staples sector are signaling potential warnings for momentum-focused investors [1] - The Relative Strength Index (RSI) is a key momentum indicator, with values above 70 indicating that a stock may be overbought [2] Group 2: Company Performance - Caseys General Stores Inc reported better-than-expected fourth-quarter financial results, with same-store sales up 2.6% and fuel gross profit increasing by 10.7% year-over-year [6] - The stock of Caseys General Stores has seen a 16% increase over the past month, reaching a 52-week high of $514.32, with an RSI value of 70.4 [6] - Estee Lauder Companies Inc also experienced a stock gain of around 21% over the past month, with a 52-week high of $108.37 and an RSI value of 74.4 [6]
Wingstop Inc. to Announce Fiscal Second Quarter 2025 Financial Results on July 30, 2025
Prnewswire· 2025-07-01 12:00
Company Overview - Wingstop Inc. operates and franchises over 2,650 locations globally, focusing on providing a unique guest experience with a technology-driven platform and a diverse menu featuring wings, tenders, and chicken sandwiches [4] - The company aims to become a Top 10 Global Restaurant Brand, with approximately 98% of its restaurants being operated by independent franchisees [5] Financial Performance - In fiscal year 2024, Wingstop's system-wide sales rose by 36.8% to around $4.8 billion, marking the 21st consecutive year of same-store sales growth [5] Recognition and Awards - Wingstop was listed on Ad Age's 'Hottest Brands' list in 2024 and recognized by QSR Magazine as one of the "Best Brands to Work For" [6] - The company was also acknowledged by Fast Company as one of the "Most Innovative Companies" and ranked 14 on Entrepreneur Magazine's 'Franchise 500' [6]
X @BBC News (World)
BBC News (World)· 2025-06-28 00:40
Japan loves them. And now they're in the UK - strawberries and cream sandwiches https://t.co/lAyXpXk0TB ...
The J.M. Smucker Co. Announces Commitment to Remove FD&C Colors from Consumer Food Products
Prnewswire· 2025-06-26 20:15
Core Viewpoint - The J.M. Smucker Co. is committed to removing FD&C colors from all consumer food products by the end of 2027, impacting several product lines including sugar-free fruit spreads and ice cream toppings [1][2] Group 1: Commitment to Product Reformulation - The majority of the company's consumer foods are already free of FD&C colors, and the removal will also affect certain products from the Hostess® brand portfolio [1] - The company aims to stop selling products with FD&C colors to K-12 schools by the 2026/2027 school year [1] - This decision aligns with the company's ongoing efforts to evolve its product offerings based on consumer preferences, as seen in past changes like removing high-fructose corn syrup from Uncrustables® sandwiches [2][3] Group 2: Leadership Statements - Mark Smucker, CEO, emphasized the company's history of adapting to consumer preferences and the importance of innovation in meeting consumer expectations [2] - John Brase, COO, stated that the decision to remove FD&C colors supports the company's commitment to providing safe, quality, and affordable products [3] Group 3: Company Overview - The J.M. Smucker Co. offers a diverse range of brands across North America, leading in categories such as coffee, peanut butter, and fruit spreads [3] - The company is dedicated to producing quality products and operating responsibly, aiming to grow its business while positively impacting society [3]
TH International (THCH) - 2025 Q1 - Earnings Call Transcript
2025-06-24 13:02
TH International (THCH) Q1 2025 Earnings Call June 24, 2025 08:00 AM ET Company Participants Gemma Bakx - IR & Corporate CommunicationYongchen Lu - CEO & DirectorDong Li - CFO Conference Call Participants Steve Silver - Senior Equity Research Analyst Operator Ladies and gentlemen, welcome to Tim's China First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode during management prepared remarks, and there will be a question and answer session to follow. Today' ...
Happy Belly Food Group's iQ Food's QSR Announces the Signing of a Franchisee and Real Estate Location for the City of Toronto
Newsfile· 2025-06-18 10:00
Core Insights - Happy Belly Food Group Inc. has signed a new franchise agreement and secured a prime real estate location in Toronto, marking the third operational brand in a high-potential neighborhood [1][4] - The new location will feature iQ Food Co., a Toronto-based QSR known for its healthy and clean-eating dishes, and is expected to open in late Q3 2025 [1][10] - The company aims to expand iQ Food Co. significantly, with plans for 65 new locations across Canada, including 20 in Alberta, 25 in Ontario, and 20 in British Columbia [5][9] Expansion Strategy - The acquisition of iQ Food Co. was completed on September 18, 2024, when the brand operated four locations, and since then, the company has rapidly scaled the business [3][7] - The signing of the franchise agreement represents a 75% increase in unit count for iQ, with expectations to double system sales within 12 months of acquisition [7][9] - Happy Belly currently has 551 contractually committed retail franchise locations in various stages of planning, construction, and operation, with ongoing efforts to expand this pipeline into 2025 and 2026 [9][12] Market Position - iQ Food Co. has established itself as a leader in the premium healthy eating category, strategically located in urban and business districts, catering to health-conscious customers [7][10] - The brand is also expanding its catering services to reach a broader audience, enhancing brand awareness and customer loyalty [7][10] - The company emphasizes disciplined, organic expansion with a focus on key urban markets across Canada [7][9]
Diversified Royalty Corp. Announces Acquisition of US-Based Cheba Hut Franchising, Inc.’s Trademarks, a 10% Dividend Increase, and an Increase in Size of its Acquisition Facility
Globenewswire· 2025-06-17 21:01
Core Viewpoint - Diversified Royalty Corp. has acquired the trademarks and certain intellectual property from Cheba Hut Franchising, Inc. for US$36 million, adding a ninth royalty stream to its portfolio, which is expected to enhance its revenue and tax position [1][4][10]. Acquisition Overview - The acquisition includes Cheba Hut's worldwide trademarks and certain intellectual property rights for a purchase price of US$36 million, funded through various financial instruments including an amended acquisition facility and new credit facilities [4][14][15]. - Following the acquisition, DIV licensed the Cheba Rights back to Cheba Hut for 50 years, with an initial royalty payment of US$4 million per annum, which will increase annually based on a fixed rate or U.S. CPI [5][6][8]. Financial Impact - The acquisition is projected to increase DIV's tax pools by approximately CAD$51 million, totaling around CAD$424 million, which can be depreciated over time to reduce cash taxes [6]. - The initial annual royalty revenue from Cheba Hut represents approximately 7% of DIV's pro-forma adjusted revenue [8][10]. Company Growth and Performance - Cheba Hut operates 77 fast casual, toasted sub sandwich restaurants in the U.S., with system sales of US$149 million and a same-store sales growth (SSSG) of 5% in 2024, forecasting over US$187 million in system sales for the fiscal year ending December 31, 2025 [7][8]. - The acquisition aligns with DIV's strategy of acquiring royalties from diverse, proven multi-location businesses, enhancing its revenue streams and market presence in the U.S. [10][11]. Dividend Policy - DIV's board has approved a 10% increase in its annualized dividend from CAD$0.25 to CAD$0.275 per share, effective July 1, 2025, with a pro-forma payout ratio estimated at approximately 94.9% [17][8]. Financing and Credit Facilities - DIV amended its Acquisition Facility to increase its size from CAD$50 million to CAD$70 million, extending the maturity date, which supports the funding of the acquisition without the need for equity raises [13][15]. - The financing structure includes a combination of cash on hand, drawn amounts from credit facilities, and secured loans, ensuring a robust financial strategy for the acquisition [14][15]. Strategic Partnerships - The partnership with Cheba Hut is viewed as beneficial, allowing Cheba Hut to maintain control over its operations while providing DIV with a stable revenue stream through royalties [10][12]. - The management of both companies expresses confidence in the long-term growth potential of Cheba Hut, indicating a strong alignment of interests [10][12].