Tim Hortons and Burger King confirm talks regarding potential strategic transaction

OAKVILLE, ON, and MIAMI, FL, Aug. 24, 2014  - In response to media reports, Tim Hortons Inc. (THI: TSX; NYSE) and Burger King Worldwide Inc. (BKW:NYSE) today confirmed that they are in discussions regarding the potential creation of a global leader in the quick service restaurant business. The new publicly-listed company would be headquartered in Canada, the largest market of the combined company. 

3G Capital, the majority owner of Burger King, will continue to own the majority of the shares of the new company on a pro forma basis, with the remainder held by existing shareholders of Tim Hortons and Burger King. 3G Capital and its affiliates have a demonstrated track record of managing international expansion of iconic brands around the globe.

El Pollo Loco Holdings, Inc. Prices Its Initial Public Offering

COSTA MESA, Calif., July 24, 2014  -- El Pollo Loco Holdings, Inc. ("El Pollo Loco") (LOCO) today announced the pricing of its initial public offering of 7,142,857 shares of common stock at a price to the public of $15.00 per share. All of the shares in the offering are being offered by El Pollo Loco. In addition, El Pollo Loco has granted the underwriters a 30-day option to purchase up to an additional 1,071,429 shares. The shares are expected to begin trading on July 25, 2014 on the NASDAQ Global Select Market under the ticker symbol "LOCO". The closing of the offering is expected to occur on July 30, 2014, subject to the satisfaction of customary closing conditions.

Sonic Reports Strong Second Fiscal Quarter Results

Same-Store Sales Grow In Spite of Difficult Weather

Sonic Corp. (SONC), the nation's largest chain of drive-in restaurants, today announced results for the second fiscal quarter ended February 28, 2014.

Key highlights of the company's second fiscal quarter included:

• Net income per diluted share was $0.07 compared with reported net income per diluted share of $0.06 in the second fiscal quarter of 2013; excluding certain adjustments in the second fiscal quarter of 2013 as outlined below, net income per diluted share increased 40% in the second fiscal quarter of 2014;
• System-wide same-store sales increased 1.4%, consisting of an increase of 1.5% at franchise drive-ins and an increase of 1.3% at company drive-ins;

Good Times’ Sales Keep on Cookin’

Good Times Restaurants Inc. (GTIM) today announced its same store sales increased 11.7% for the same 28 days of February versus the same period last year. Factoring in the extra day in February last year, same store sales for the month increased 7.5%. The increases were on top of last year’s 6% same store sales increase, continuing the Company’s three year monthly comparable sales increase trend of over 20%.

Nicholas Corbishley, Director of Marketing for Good Times said, “Despite lost sales to a major storm in the last week of February, we were able to maintain our sales momentum. Breakfast sales are booming and we’re teeing up our rollout of Hand-Breaded, All Natural Springer Mountain Farms Chicken Tenders for this month, which have almost doubled the category’s sales in test without any promotional activity.”