RISE - Menu Monitor

Franchise Activity |
Star Buffet Inc. acquired five Whistle Junction buffet outlets from Banner Buffets LLC in Florida. Star franchises a total of 34
restaurants, including the HomeTown Buffet, K-Bob’s Steakhouse and Western Sizzlin brands. (NRN Daily NewsFax 11/29/06;
Company Release 11/28/06)
Personnel |
James C. Verney, CEO
Sardar Biglari, CEO
Robyn B. Mabe, CFO
John Comstock, Director of Creative Production
Erma Williams, General Buyer
Western Sizzlin hired Sardar Biglari as President and Chief Executive Officer. Previously, Biglari served as Chairman and a
member of the board of directors for the company. Biglari replaces James C. Verney, who was appointed to President and
Chief Executive Officer of the company’s wholly owned subsidiaries, Western Sizzlin Stores Inc. and Western Sizzlin
Franchise Corporation. (Company Release 5/16/07)
Western Sizzlin Corp. has elected Martin S. Fridson to serve as a director on its board. Fridson is the founder and CEO of
FridsonVision LLC, an independent research firm, and has authored several finance books. (Yahoo! Finance 11/28/07)
News & Other |
Western Sizzlin reported for the third quarter ended September 30 net earnings decreased 59% to $8.4 million from $20.3
million for the same period last year. Revenues fell 5.5% for franchise operations and 7.2% for company operations.
(Company Release 11/9/06)
Western Sizzlin Corporation reported for the year ended December 31, net earnings decreased 59.8% to $27.4 million from
$68.1 million for 2005. Revenues fell 10.2% to $174 million from $193.7 million. Same-store sales increased 1.1%. (Company
Release 3/16/07)
Western Sizzlin reported for the first quarter ended March 31 net earnings increased to $14.9 million from $6.2 million for the
same period last year. Revenues declined 0.39% to $412.9 million from $414.5 million. (Company Release 5/15/07)
Western Sizzlin Corp. and Lion Fund L.P. CEO and chairman Sardar Biglari, an Applebee’s shareholder, opposes Applebee’s
pending purchase by IHOP because he thinks Applebee’s is worth more than $25.50 per share and will vote against the
transaction. (Company Release 7/25/07)
Western Sizzlin reported for the second quarter ended June 30 net earnings increased to $232,163 from $143,106 for the
same period last year. Revenues declined 0.4% to $4.69 million from $4.71 million. (Company Release 8/14/07)
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