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Higher Beef Costs Temper Carrols (TAST) Comp Growth; May Refinance Debt

A double-digit spike in year-over-year ground beef prices took some of the luster away from solid comp store sales growth at the 674-unit Burger King franchisee, Carrols Corp (TAST). In an earnings call with investors and analysts held earlier today, the largest licensee in the Burger King system said beef prices hit $2.66 a pound during the fourth quarter, a 32% rise from prior year levels, which diluted somewhat a 3.6% system wide same store sales jump.


The Noodles Share Smackdown

Noodles & Company (NDLS) was taken to the investor woodshed last Friday as its share price dropped $8.84, or 32% from the day before. The reason? The up & comer and oft-mentioned heir to the “next Chipotle” crown, reported disappointing 4th quarter and full year 2014 sales trends as compared to other restaurant chains who are registering strong sales this reporting season.


Groveland Seeks to Oust Sardar Biglari Cites Steak n’ Shake Brand and Franchisee Network Are at Risk

Groveland Capital filed a proxy statement on February 12th offering a fresh slate of directors to replace the existing directors of Biglari Holdings, operator and franchisor of the Steak n’ Shake restaurant chain.


Biglari Unloads 1,250,000 Cracker Barrel (CBRL) Shares

According to an SEC filing this morning, The Lion Fund II will sell up to 1,250,000 shares of Cracker Barrel Old Country Store, Inc. pursuant to a pre-paid variable price forward sales contract through J.P. Morgan Securities.


Bruxie Gourmet Waffles Folds in Denver

Bruxie Gourmet Waffles, which operates all seven of its units in southern California, has shuttered its only Denver restaurant after just 10 months. What was it doing there in the first place?


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Franchise Times would like to introduce you to the lenders and real estate advisory sources that are targeting the restaurant industry.


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