Weekly Food Industry Report: The Week of February 3, 2014
Every week, we take a look into some of the biggest financial news to emerge from the world of food. Here is this week’s:
Chipotle Mexican Grill Inc.: The company’s profit rose 18 percent in the 2013 fiscal year with 185 new restaurant openings and a same-store sales increase of 5.6 percent.
Checkers Drive-In Restaurants Inc.: The company will be acquired by Sentinel Capital Partners, a deal which will be closed in 60 days.
Papa Murphy’s International LLC: Former Bloomin’ Brands Inc. executive Mark Hutchens has been named chief financial officer of Papa Murphy’s pizza chain, replacing Janet Pirus, who left the company in August to pursue other opportunities.
Dunkin’ Brands Group Inc.: For the third quarter, the company reported a 23-percent increase in profit with 309 new restaurant openings.
Aramark Holdings Corp.: For the first quarter, the company reported a 4-percent rise in profit — hitting $44.9 million — in its first earnings report after returning to the public market.
Buffalo Wild Wings Inc.: For the 2013 fiscal year, the company’s profit rose 25 percent due to lower food and labor costs.
We’re always on the lookout for new financial news, so let us know!