--(www.USEquityNews.com)-- 11/29/2007 - Fast Food Franchise industry alert provided by U.S. Equity News. Applebee's International, Inc. (NASDAQ: APPB) recently reported comparable sales for the four-week period ended November 25, 2007. System-wide domestic comparable sales decreased 1.6 percent for the November period, and comparable sales for domestic franchise restaurants decreased 1.3 percent. Comparable sales for company restaurants decreased 2.3 percent, reflecting a decrease in guest traffic of between 3.0 and 3.5 percent, combined with a higher average check.
California Pizza Kitchen (NASDAQ: CPKI), home of the Original BBQ Chicken Pizza and other innovative hearth-baked pizzas, made-to-order pastas, creative salads, appetizers, soups, sandwiches and desserts, opened its sixth valley location recently at Dana Park in Mesa. The new CPK restaurant is approximately 5,900 square-feet and is located at 1850 South Val Vista Drive off Baseline Road. Hours of operation will be Sunday through Thursday, 11:00 a.m. to 10:00 p.m., Friday and Saturday, 11:00 a.m. to 11:00 p.m.
CBRL Group Inc. (NASDAQ: CBRL), which operates the Cracker Barrel Old Country Store restaurants and gift shops, lowered fiscal 2008 earnings and revenue guidance recently because of lower same-store sales expectations. CBRL now expects earnings per share of $3 to $3.15, from a previous range of $3.05 to $3.20. Analysts polled by Thomson Financial expect earnings of $3.02 per share.
Famous Uncle Al's Hot Dogs & Grille, Inc. (OTCBB: FDOG) announced it has expanded its reach to Phoenix, AZ. The company opened its newest restaurant this week in Phoenix at 4727 East Bell Rd., Phoenix, AZ 85032. The new restaurant is the first Famous Uncle Al's Hot Dogs & Grille restaurant in Arizona. President, Dean Valentino commented, "As part of our plan to expand the chain nationwide this restaurant will serve as our southwest flagship restaurant."
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