Texas Roadhouse: Sales at restaurants open at least a year increased 1.2 percent at company restaurants and 0.5 percent at franchise restaurants during the quarter.
Panera: The company said that during the second quarter, systemwide same-store sales, for stores open at least one year, grew 3.2 percent: 3.7 percent in company-owned locations and 3 percent in franchise operated units.
Same store revenues (revenues earned in Company-operated stores open for the entirety of both periods) in the Aaron’s Sales & Lease Ownership division increased 9.1% during the second quarter of 2006 compared to the second quarter of 2005. Same store revenues also increased 6.0% for Aaron’s Sales & Lease Ownership stores open over two years at the end of June 2006.
IHOP: Year-over-year same-store sales growth was a respectable 3.1% for the quarter, driven by increased traffic. Promotions such as the Cinn-A-Stack definitely appear to be working for IHOP, and the company has three more planned for the year, including the current funnel cake-related campaign.
Dominos: The same-store sales slide was made up of a 3.2 percent decline at U.S. company-owned stores and 5.2 percent drop at franchised stores. According to a regulatory filing, domestic comps rose 6.9 percent in the same period last year.
International second-quarter comps rose 5.7 percent compared to an increase of 7.8 percent last year. The increase marks the fiftieth-consecutive quarter Domino’s has enjoyed international comps growth.
Overall revenue for the period declined 5.5 percent, a decline that Domino’s attributed to lower domestic distribution revenues tied to lower food prices and volumes at domestic franchise stores.
Lone Star Steakhouse: The company’s sales at the same stores fell .3 percent and the average check decreased 3.1 percent, while the number of customers increased 2.8 percent. The company has closed 33 underperforming Lone Star restaurants in the first six months of 2006.
McDonald’s: Comparable or same-store sales, a widely used industry gauge of performance, rose 5.5 percent over a year ago, led by a 6.3 percent increase in Europe. U.S. comparable sales gained 4.2 percent despite the flop of its new spicy chicken sandwich, which is being pulled from the menu.
Frisch’s Restaurants: During the year, the company’s Big Boy restaurants had an unspecified same-store sales increase, while the company’s Golden Corral buffet-style restaurants saw a 6.5 percent same-store sales decline.
Yum: For the quarter, Taco Bell posted U.S. same-store sales growth of 5 percent and KFC was up 2 percent. Pizza Hut was down 7 percent.
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Ryan is an attorney and valuation specialist residing in Chicago. He chronicles his thoughts and research on FranchisePundit.com. You may reach him by email ryanknoll@gmail.com or mobile telephone 312-715-8115.
I’m surprised at Yum and IHop’s increased sales. Both seem like stagnant, older companies with little room for growth potential or brand awareness.
Papa Johns comps for quarter up 4.7% (domestic outlets). By the way, this may also be related to the previous comment: PJ has been running a better ad campaign than Domino’s and a campaign which focuses on quality in contrast to the “3 for $15″ campaign of Domino’s.
Perception (which is tied in part to advertising) is important. Remember when the Talking Chihuaua ad campaign fizzled– Taco Bell sales tanked. But now the “Good to Go” campaign seems to be pulling in the core 18-24 male demographic. As to IHOP, they have been running a solid “Funnel Cake Festival” campaign here in NYC, where they don’t even have a lot of stores.
Burger King comps up 2.5% for the year and 2% for the quarter. Note that MCD is still pulling ahead, the new BK team still has work to do…
Starbucks said sales at coffee shops open at least 13 months rose 4 percent in July.
QUESTION; WHERE IS QUIZNOS IN ALL OF THIS ?? IS IT THAT SECRETIVE ? WHY DOESN’T THIS QUESTION LIST THE AMOUNT OF CLOSINGS OF MANY FRAHCHISE BRANDS ?