Lifestyle Trendsetting Companies in the News - GRILLiT, Whole Foods Market, Starbucks, Apple, Buffalo Wild Wings
CORAL SPRINGS, Florida, July 29, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues news updates for today's innovative movers with current positive trends in the markets. The Lifestyle Trendsetters Alerts for this Monday are GRILLiT, Inc. (OTC: GRLT), Whole Foods Market, Inc. (NASDAQ: WFM), Starbucks Corp. (NASDAQ: SBUX), Apple, Inc. (NASDAQ: AAPL) and Buffalo Wild Wings, Inc. (NASDAQ: BWLD)
GRILLIT®, INC. (OTC: GRLT) Headline: GRILLIT® ANNOUNCES FIRST FRANCHISED STORE LOCATION. GRILLiT, Inc. (the "Company") today announced its first franchised store opening. The new GRILLiT restaurant is located at 555 Church St, in downtown Nashville, Tennessee. The grand opening is scheduled for this Friday, August 2. There will be VIP soft opening on Thursday, August 1, in which The Company expects to have a large attendance, with prize giveaways that include new bicycles and iPads. GRILLiT Chairman and CEO, Ghazi Hajj, said, "This is a significant achievement for our corporate development and brand identity. We are extremely excited about franchise location number one. I am proud of its owners, who visited us several months ago in Miami, fell in love with our concept, and wanted to be a part of it. We look forward to adding more franchisees as we continue to roll out our franchise plan." To read the entire press release, please go to http://finance.yahoo.com/q/h?s=GRLT+Headlines
This GRLT news followed Friday's news announcing the master franchise strategy and plan. The Company's franchise plan calls for at least 58 franchised locations across eight states over the next five years, which the Company plans to fund through a combination of drawdown funds from its credit facility with TCA Global Credit Master Fund (announced July 25, 2013) and operating income. GRILLiT currently has master franchise agreements in Kentucky, Ohio, New Hampshire, New Jersey, Georgia, Pennsylvania, Tennessee, and North Carolina, and is actively seeking franchise operators. "Our franchise plan is obviously a big part of our future," stated GRILLiT Chairman and CEO, Ghazi Hajj. "Our goal is to have a 70% franchise to 30% corporate store ratio. The Company has been signing up new franchisees since earlier this spring, but it has purely been through word of mouth. One of my first objectives was to lay out a solid franchise plan - based on my experience - and set it into motion." Read the full press release at http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=292
FNM Sector Commentary: Last year, restaurant sales in the United States increased 4 percent to $425.6 billion, and sales are expected to again increase by 3.8 percent in 2013. According to MarketLine, the world fast-food industry is expected to generate nearly $240 billion in 2014, with the quick-service segment accounting for 71 percent of the overall market value. The Americas account for nearly half of the overall global market share. GRILLit appears to be positioning itself for taking advantage of the Health Conscience Quick Service segment of the fast-food industry by implementing its master franchise strategy and should be closely monitored for future developments.
Whole Foods Market, Inc. (NASDAQ: WFM) News: LesserEvil Healthy Brands, architects of the organic snacking experience, announces their Chia Crisps are now available in all Whole Foods locations in Northern California. The first region to take in the new line was the Mid-Atlantic, including over 30 locations in Kentucky, Maryland, New Jersey (Marlton and Princeton), Pennsylvania, Ohio, Virginia, and Washington, D.C. Whole Foods Market (WFM), a national supermarket chain, headquartered in Austin, TX, now operates more than 340 stores throughout the UK, Canada and 39 states in the United States. WFM, best known for their quality natural products and commitment to sustainable agriculture, will carry all four flavors of Chia Crisps.
Starbucks Corp. (NASDAQ: SBUX) News: U.S. coffee retailer Starbucks said it will maintain plans for rapid expansion in China, where it is challenging a tea-drinking culture. Starbucks said it will open its 1,000th store in China by the end of the year after opening about 500 stores in 2012, CNNMoney reported Saturday. Starbucks said revenue from the Asia-Pacific region were up 30 percent in the second quarter 2013 from the second quarter 2012. SBUX is unleashing a new food lineup that shares more with the artisanal fare at an intimate country cafe than the cookie-cutter products it currently serves at some 19,000 stores in 63 countries. The products, which will start reaching Los Angeles on Tuesday, include items, some low fat or gluten free, stuffed with sustainably grown fruit and vegetables or topped with a range of glazes.
Apple, Inc. (NASDAQ: AAPL) last week announced financial results for its fiscal 2013 third quarter ended June 29, 2013. The Company posted quarterly revenue of $35.3 billion and quarterly net profit of $6.9 billion, or $7.47 per diluted share. These results compare to revenue of $35 billion and net profit of $8.8 billion, or $9.32 per diluted share, in the year-ago quarter. Gross margin was 36.9 percent compared to 42.8 percent in the year-ago quarter. International sales accounted for 57 percent of the quarter's revenue. The Company sold 31.2 million iPhones, a record for the June quarter, compared to 26 million in the year-ago quarter. Apple also sold 14.6 million iPads during the quarter, compared to 17 million in the year-ago quarter. The Company sold 3.8 million Macs, compared to 4 million in the year-ago quarter.
Buffalo Wild Wings, Inc. (NASDAQ: BWLD) engages in the ownership, operation, and franchise of restaurants primarily in the United States. It offers chicken and various food and beverage items, as well as serves bottled beers, wines, and liquor. As of December 30, 2012, the company owned and operated 381 company-owned restaurants, and franchised an additional 510 Buffalo Wild Wings Grill & Bar restaurants in North America. BWLD closed up $2.01 per share on Friday - July 26, 2013 on over 480,000 in volume trading.
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