1997 lost 111 million in net income due to divesture (pg 149)
o 1997 38% company own 2004 23% company own long term target to reduce company own
2003 NI = 585million sales = 8.3 billion ROS 7% (pg 149)
Fast food industry NRA increase 4.3% to 408 b in 2003 858,000 rest made us rest industry 12 million
Late 1990's early 2000 consumer spending increased trend towards sit down restaurant (better service, more comfortable dining experience (pg 149)
8 major segments made up fast food: sandwich chains, pizza chains, family restaurants, grill buffet, dinner houses, chicken chains, non dinner concepts & other chains (149)
Sandwich chains struggling due to discounted price (150)
Threat of obesity & demand for better service demand for healthier products (150) lowered demand for hamburgers fries and soft drinks combinations
As a result per store sales declined in Hardee's carl's jr.......
Join Now or Login to view the rest of this paper.
Approximate Word Count: 1198
Approximate Pages: 5 (260 words per double-spaced page) |