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<strong>Menu</strong> Positioning |<br />

Carvel's menu features soft and hard ice cream, available in a cup or a cone, ice cream brownies, truffles, soft drinks,<br />

sherbets, shakes, ice cream sodas, sundaes and its widely popular ice cream cakes. Ice cream drinks include Fizzlers,<br />

Carvelanches, Creammaccinos and Ultimate Thick Shakes. A variety of novelty bulk packages and take-home items, such as<br />

Sundae Dashers and Thinny Thins, are also featured. Classics line of ice cream cakes augments special occasion and<br />

character cakes. Ice cream flavors include vanilla, chocolate and sherbet, and ice cream drink flavors include strawberry,<br />

peach, raspberry, banana, peach and piña colada. Carvel's are also available in more than 8,500 supermarkets nationwide.<br />

<strong>Menu</strong> prices range from $1.99–$11.99. Checks average $4.98.<br />

<strong>Menu</strong> Development |<br />

Schlotzky’s Ltd. is testing Carvel and Cinnabon items at two Schlotzky’s restaurants in Austin, TX. The outlets will serve<br />

Carvel’s soft-serve and hand-dipped ice cream flavors in cups, cones, sundaes and shakes. Cinnabon offerings include<br />

Classic Rolls, Caramel Pecanbons, Cinnapacks and Cinnabonstix. The locations will also serve Cinnabon’s CarameLatte<br />

Chills, MochaLatta Chills and Chillattas products. (Company Release 3/29/07; NRN Daily NewsFax 3/30/07)<br />

Carvel Ice Cream rolled out ice cream cupcakes, made with moist yellow cake and soft-serve ice cream. The cupcakes feature<br />

a variety of toppings, such a hard-shell chocolate coating, milk chocolate fudge and rainbow sprinkles. The cupcakes are<br />

available as individual servings or are grouped together to form round or sheet cakes. (Yahoo! Finance 9/7/07)<br />

Franchise Activity |<br />

Schlotzky’s Ltd. was purchased by Focus Brands of Atlanta for an undisclosed amount. Focus, which is owned by Roark<br />

Capital Group, franchises and operates about 1,400 outlets of Carvel Ice Cream, Cinnabon and Seattle’s Best Coffee in the<br />

U.S., Puerto Rico and 31 international countries. Schlotzky’s has 365 franchised and company-owned outlets. (Austin<br />

Business Journal 11/20/06; Atlanta Business- ournal-Constitution 11/21/06; NRN Daily NewsFax 11/21/06; Company Release<br />

11/21/06)<br />

Personnel |<br />

Thom Gilday, CFO<br />

Rich Kamph, V.P. of Purchasing<br />

Gary Bales, President<br />

Lori Peterson, V.P. of Marketing<br />

Stan Dorsey, V.P. Research & Development<br />

News & Other |<br />

FOCUS Brands plans to test co-branded outlets of Cinnabon, Schlotzsky’s and Carvel Ice Cream in three to five corporate<br />

stores this year. If these co-branded units are successful, the company expects to offer the brands to franchisees by late 2007.<br />

Focus operates 365 Schlotzsky’s, 394 Cinnabons and 536 Carvel Ice Cream units nationwide. (QSR Magazine 2/07 p13)<br />

Carvel Ice Cream’s original store, located in New York, might be destroyed by its current owner. Current owner, Abdol Faghihi,<br />

wants to replace it with a restaurant and three retail stores. The new developments might or might not include a Carvel store.<br />

(Associated Press 8/6/07)<br />

©Technomic Information Services 2007, CIS profiles may not be copied or distributed in any print or electronic format without a license or written consent.<br />

Technomic believes that its sources of information are reliable, but does not assume any responsibility or liability for the accuracy of the information<br />

published.<br />

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