Restaurant Advancers Improve Quick Service Operations - Company Enhances E-Commerce Platform To Maximize Value
CORAL SPRINGS, Florida, March 13, 2014 /PRNewswire/ --
Quick service restaurants trend upwards with consumers seeking convenience and quality: GRILLiT, Inc. (OTC: GRLT), Krispy Kreme Doughnuts, Inc. (NYSE: KKD), Starbucks Corporation (NASDAQ: SBUX), Chipotle Mexican Grill, Inc. (NYSE: CMG) and Darden Restaurants, Inc. (NYSE: DRI)
GRILLiT, Inc. (OTCPink: GRLT) today announced that it has activated the first of several value added e-commerce revenue generating platforms. This initial feature will allow online ordering of its menu from its website for the corporate store location in Miami, Florida. The service will initially be developed and tested, and will become available for franchise operators in the coming months.
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GRILLiT CEO, Ghazi Hajj, said, "We are in the process of implementing our online strategy, which we believe will greatly enhance the value of our operations and franchise offering. We will announce components as they are implemented and integrated with our operations over the coming weeks."
Krispy Kreme Doughnuts, Inc. (NYSE: KKD) recently reported financial results for the fourth quarter and fiscal year ended February 2, 2014, and raised its diluted EPS guidance for fiscal 2015 to reflect fewer forecasted shares outstanding as a result of share repurchases. The Company also announced that its Board of Directors increased the Companys current share repurchase authorization from $50 million to $80 million. The fourth quarter and fiscal year ended February 2, 2014 included 13 and 52 weeks, respectively, compared to 14 and 53 weeks, respectively, for the fourth quarter and fiscal year ended February 3, 2013. Accordingly, financial results for the fiscal 2014 periods are not directly comparable to those of the corresponding fiscal 2013 periods. The Company's fiscal year ends on the Sunday closest to January 31, which periodically results in a 53-week year.
Starbucks Corporation (NASDAQ: SBUX) recently announced upcoming enhancements to its mobile app for iPhone by Apple, Inc. (NASDAQ: AAPL), which will extend the company's leadership in mobile payment and allow customers to recognize Starbucks partners (employees) with a tip directly from the Starbucks App for iPhone. Beginning March 19, customers using Starbucks App for iPhone in the U.S., U.K. and Canada will experience a streamlined design and easy access to their account and My Starbucks Rewards information. In addition, customers using the app will have the option to leave a tip at more than 7,000 company-operated Starbucks® stores in the U.S.
Chipotle Mexican Grill, Inc. (NYSE: CMG), in partnership with Major League Soccer (MLS) recently announced that Chipotle will be the Official Fast-Casual Mexican Restaurant of MLS and 12 MLS Clubs. The sponsorship will be Chipotle's largest single sports partnership and will feature promotional programs with 12 teams, individual players, and programs across the entire league. "At the core of our effort to change the way people think about and eat fast food is our commitment to finding better, more sustainable sources for all of the ingredients we use," said Mark Crumpacker, Chipotle's chief marketing and development officer. "That value is one that is often shared by people with an active lifestyle. This partnership with MLS will allow us to further engage consumers in a sport we have long supported through grassroots efforts."
Darden Restaurants, Inc. (NYSE: DRI) announced that, in connection with the separation of the Red Lobster business, it has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC). As previously announced, the Company is exploring parallel paths for the separation, including a tax-free spin-off of the Red Lobster business to Darden shareholders as well as a sale of the Red Lobster business, the process for which is well underway. A copy of the Form 10 Registration Statement, which contains information about a potential spin-off transaction for separating Red Lobster including distribution of all the shares of Red Lobster Seafood Co., is available on the Company's website http://investor.darden.com/investors/financial-information/sec-filings/.
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