RISE - Menu Monitor

Arby’s Restaurant Group Inc. signed development agreements with four new and 13 existing franchisees to open 35 new
locations throughout the U.S. Markets of focus are California, Delaware, Illinois, Indiana, Louisiana, Michigan, Mississippi,
Tennessee, Texas, Utah and West Virginia. (Company Release 9/26/07)
Technology |
Arby’s Restaurant Group Inc. chose SRC to deliver mapping, reporting and analysis capabilities to Arby’s. SRC will develop
and host a web-based, automated solution through its Portfolio Web technology program to support development process and
franchise planning. SRC, LLC is a leading developer and provider of geographic business intelligence software. (Company
Release 1/23/07)
Personnel |
Ronald Smith, CEO
Stephen Hare, CFO
Tom Garrett, COO
Cheryl Barre, CMO
Jeff Blackmun, V.P. of Menu & Product Development
Arby’s announced that most of its executives in its New York office, including Chief Executive Officer and Chairman Nelson
Peltz and President and Chief Operating Officer Peter May, will resign as officers by June 29. In addition, “substantially all” of
its 50 headquarters employees will leave the company by the end of the year. The reason for the layoffs is the company’s
transition to a publicly traded restaurant company, employing cost-saving tactics by relocating to Atlanta and transferring
responsibilities to Arby’s Restaurant Group, eliminating the need for a New York office. (NRN Daily NewsFax 5/1/07)
Triarc Companies Inc. hired Thomas A. Garrett as Executive Vice President and Chief Operating Officer; Stephen E. Hare as
Senior Vice President and Chief Financial Officer; Steven B. Graham as Senior Vice President and Chief Accounting Officer;
Nils H. Okeson as Senior Vice President and Associate General Counsel; and Daniel T. Collins as Senior Vice President and
Treasurer. Garrett also serves as President and Chief Operating Officer of Arby’s Restaurant Group Inc. and Hare also serves
as Chief Financial Officer at Arby’s Restaurant Group Inc. Graham also serves as Senior Vice President, Corporate Controller
at Arby’s Restaurant Group Inc. Previously, Okeson served as General Counsel of Arby’s Restaurant Group Inc. and has also
served as Secretary of Triarc. Collins also serves as Senior Vice President, Treasury at Arby’s Restaurant Group Inc.
(Company Release 9/4/07)
News & Other |
Arby’s teamed with Roush Racing to sponsor Matt Kenseth during the 2007 season. The company will be the primary sponsor
of 13 races on Kenseth’s No. 17 Ford Fusion NASCAR beginning in Daytona, FL, in February. (Company Release 12/7/06)
Arby’s Restaurant Group Inc. reported for the first quarter revenues increased 3% to $266.5 million from $258.8 million for the
same period last year. Same-store sales decreased 2%. (Atlanta Business Chronicle 5/11/07)
Triarc Cos. plans to focus on its Arby’s restaurants after a $300 million sale of its controlling stake in investment manager
Deerfield & Co. Triarc sold its stake in Deerfield to Deerfield Triarc Capital Corp. As part of the restructuring, Nelson Peltz
agreed to step down as chairman and CEO of Deerfield Triarc. Peter W. May, president and CEO, also will resign. Both will
remain as board members. Triarc franchises approximately 3,600 Arby’s units worldwide. (AFX Asia 4/20/07; NRN Daily
NewsFax 4/23/07)
Arby’s Restaurant Group is sole sponsor of a new website featuring NBC comedy shows. The 3,600-unit chain will target office
workers viewing thelunchbreakshow.com. Arby’s website ads will include banners and commercials featuring the slogan “I’m
Thinking Arby’s.” A Kenyon Research survey showed that nearly 60% of workers stay at their desks during lunch breaks.
(NRN Daily NewsFax 6/1/07)
Arby’s parent Triarc Cos. Inc. said the deal to sell its controlling interest in asset-management firm Deerfield & Co. LLC was
terminated on October 20. The transaction was terminated because the prospective buyer was unable to get acceptable
financing. The company plans to continue to explore options for Deerfield. (NRN Daily NewsFax 10/23/07)
Arby’s parent Triarc Cos. Inc. reported operating profit for the chain of $29.8 million for the quarter ended September 30, up
from $25.9 million a year ago. The increase reflects newly opened Arby’s stores that booked higher-than-average unit volumes
along with higher franchise fees. Same-store sales at corporate restaurants fell 1%. (NRN.com 11/9/07)
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