Restaurant News Bites: McDonald’s, Sbarro, McCormick & Schmick’s


Restaurant News Bites: McDonald's, Sbarro, McCormick & Schmick'sMcDonald’s is holding a national hiring event to bring in as many as 50,000 new part time and full time workers at nearly 14,000 franchise locations. The event will occur on April 18th and the new employees will cost the company $3.5 million a day in increased payroll costs.

Sbarro has reached an agreement on most of its debt with lien holders, and will begin a reorganization and restructuring of the company soon. Part of the restructuring effort includes filing for Chapter 11 bankruptcy.

Tilman J. Fertitta is offering $9.25 per share of McCormick & Schmick’s Seafood Restaurants. He currently owns over 10% of the company’s stock. The tender offer is worth approximately 30% of the stock’s closing price on April 1st.  McCormick & Schmick’s responded by stating that they have not solicited or discussed the offer with Fertitta.

Chef Adolfo Garcia has built an empire around his New Orleans restaurants, but is not well know like the many celebrity chefs that surround him. He is a primary partner in four restaurants in the city, including Mano, RioMar and Gusto. He plans to open a Southern cooking restaurant and a high end pizza place specializing in the Naples style.

Dunkin’ Donuts is about to add a new line of “Hearty Snacks” to their popular donut and breakfast menu. The snacks are designed to be filling but portable for people on the go. Options include a Warm Apple Pie, two different flavors of Bagel Twists and savory Stuffed Breadsticks. The snacks will be available all day.

When Tax Day rolls around on April 18th, you can head down to your local Cinnabon for free cinnamon bites. To help frazzled tax payers all Cinnabon, Schlotzsky’s Deli and Carvel locations will hand out two free Classic Cinnabon Bites per visitor. They are also hosting a Twitter based contest for a $100 Cinnabon Gift Card.

Benihana has seen steady sales growth in the last month, quarter and year according to their new sales figures for 2011. The sales increased an average of 7%. Benihana Teppanyaki also saw an 8% rise in overall traffic. The company’s Haru chain saw a nearly 4% drop in sales, however.

Denny’s is starting a stock repurchase program approved by the Board of Directors. The company plans to purchase about 6 million shares of its common stock from private investors. Denny’s has nearly a billion shares currently out of company hands. The exact timing of the purchase will depend on market conditions.

Jamba Juice now has a location in the Philadelphia International Airport thanks to RJ Franchise 2 and principal owner Ray Jones. The new retail operation opened in Terminal D, which includes boarding areas for Delta, United and Airtran airlines. Jamba Juice restaurants offer fresh smoothies, hot oatmeal and flatbread sandwiches.

The newest North Carolina Krispy Kreme location has opened in Fuquay-Varina. The first 50 customers in line all received a free year of donuts, with the first customer receiving a dozen Original Glazed donuts per week. The store will also begin its Krispy Kreme Drive for 45 to benefit Victory Junction, a camp for children with life threatening illnesses.