Sbarro, Inc. Franchise News

Nation's Leading Quick-Service Italian Restaurant Company Continues International Expansion with 15 New Restaurants to Open in Maharashtra
MELVILLE, N.Y., March 15, 2012 /PRNewswire/ -- Sbarro, the nation's leading quick-service Italian Restaurant Company,today announced a franchise agreement to open 15 restaurants in the state of Maharashtra. Upper Crust Foods Pvt. Ltd. will develop and operate the restaurants with the first unit to open in Mumbai this month.
Over the past six years, Sbarro has announced international agreements with leading franchisees to open restaurants spanning across the globe, including locations in Europe, Russia, Asia, India, the Middle East, South and Central America and Caribbean. The grand opening marks the first Sbarro to open in Mumbai, a fast developing market that is home to an increasing number of metropolitan areas, malls and entertainment centers...

James Greco, formerly with Bruegger’s Enterprises, Joins as President and CEO of Leading Italian Quick Service Restaurant Company; J. David Karam, formerly President of Wendy’s International, Named Chairman of the Board.
MELVILLE, N.Y.--(BUSINESS WIRE)--The Board of Directors of Sbarro, Inc., a leading Italian quick service restaurant company, today announced that James Greco, 54, has been named President and Chief Executive Officer, effective immediately. Greco was the former CEO of Bruegger’s Enterprises and credited by industry experts with the strong performance and growth of the 28-year-old national bagel bakery chain. Nicky McGrane, who has been serving as Sbarro’s interim President and CEO will be leaving the Company to pursue other opportunities...

Court Approved Plan Becomes Effective November 30, 2011
MELVILLE, N.Y.--(BUSINESS WIRE)-- Sbarro, Inc., along with its domestic subsidiaries (the “Company”), announced today that its Plan of Reorganization has become effective and the Company has successfully emerged from Chapter 11 with significantly reduced debt and a new $35 million capital infusion.
“As Sbarro emerges from Chapter 11 today we are a stronger, better capitalized, and more competitive company with a solid financial foundation for future growth,” said Nicholas McGrane, Interim President and Chief Executive Officer of Sbarro. “Our reorganization plan eliminates more than 70 percent of our debt, and provides access to $35 million in fresh capital from our new ownership group...

Inks Partnership with GPS Group to Launch Aggressive Growth Strategy MELVILLE, N.Y. /PRNewswire/ -- Sbarro, the world's leading quick service Italian restaurant concept, today announced its entry into the Brazil marketplace through a partnership agreement with GPS Group. The agreement calls for the opening of more than 1,000 restaurants throughout Brazil over a twenty year period. Sbarro's first-ever Brazil location is slated to open in Rio de Janeiro during the second half of 2010.

"We could not ask for a better partner than the team at GPS Group. Their expert knowledge of the Brazilian marketplace is the perfect complement to our proven franchise formula," said Peter Beaudrault, president and CEO of Sbarro. "This is an exciting period of international growth for Sbarro and we are now proud to serve guests across 42 countries...

First Location Opens at AEON Mall in Hinode-Machi, Tokyo with Plans for Sbarro to Open Two Additional Units in First Quarter MELVILLE, N.Y. /PRNewswire/ -- Sbarro, the world's leading quick service Italian restaurant concept, today announced its aggressive expansion into the Japanese market which will include the opening of 1,250 units. Sbarro has partnered with JCI Inc. in a joint venture/franchise agreement that will see the expansion plan executed over a twenty-year period. As part of the agreement, Sbarro and JCI Inc. announced the opening of the first restaurant at the AEON Mall in Hinode-Machi, Tokyo. The AEON Mall location, which opened on December 29, is the first of three Sbarro restaurant openings planned for Tokyo, with two units slated to launch during the first quarter of 2010...

MELVILLE, N.Y., Aug. 12 /PRNewswire/ -- Sbarro, Inc. (the "Company") announced that it issued a press release today on its Results of Operations for the quarter ended June 28, 2009 and has scheduled a conference call on Tuesday August 25, 2009 at 10:00 AM Eastern Time.

There are two ways to participate in the conference call-via conference call or webcast. Domestic callers may dial in at 1-877-941-6010. International callers may dial in at 1-480-629-9772. Request to be connected to the Sbarro, Inc. Second Quarter 2009 Earnings Conference Call, confirmation number 4140524. Callers should dial in five to ten minutes before the scheduled start time. You may also access the conference call via webcast by visiting Sbarro Inc.'s website (http://www...

MELVILLE, N.Y., Aug. 12 /PRNewswire/ -- Sbarro, Inc. (the "Company") announced today results of operations for the second quarter and six months ended June 28, 2009. The Company's detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC on August 11, 2009.
Second Quarter Financial ResultsRevenues were $80.1 million for the quarter ended June 28, 2009 as compared to revenues of $85.4 million for the quarter ended June 29, 2008. The decrease in revenues was primarily due to a 5.1% decrease in Company-owned comparable-unit sales and stores closed, offset by revenues generated by new Company-owned stores opened in 2008 and the first half of 2009. The decrease in comparable-unit sales primarily reflects the reduction in mall traffic throughout the United States as a result of weakened consumer spending in the current economic environment, partially offset by the Easter holiday falling in the second quarter of 2009 versus the first quarter of 2008...

March 30, 2009 // Franchising.com // Melville, New York –- Sbarro, Inc. (the "Company") today announced that it has entered into an amendment to its senior secured credit facilities (which include a $183 million term loan facility and a $25 million revolving facility). The principal features of the amendment include revising the financial covenants in the senior credit facilities to increase the Company's operating flexibility for the remaining term of the facilities, providing a waiver of non-compliance with the total net leverage covenant for the fiscal quarter ended December 28, 2008 and increasing the margin on both the term loan and the revolver by 200 basis points. The amendment also permitted the Company to refinance a portion of the first lien term loan by entering into a new $25...

New York,/PRNewswire/ -- Sbarro, Inc., the world's leading quick service Italian restaurant chain, today announced the appointment of Dan Montgomery as CFO, effective immediately. Mr. Montgomery brings more than 17 years of finance, strategic planning and management experience to Sbarro.

Anthony Puglisi, Sbarro's former CFO, will be leaving the company to pursue other interests. Pete Beaudrault, chief executive officer of Sbarro, Inc. said, "We appreciate Tony's work and contributions over the past five years and wish him great success in his future endeavors."

Mr. Montgomery began his career in corporate banking at NationsBank and became a Managing Director in the syndicated debt capital markets group at its successor Bank of America Securities...

Melville, N.Y., /PRNewswire/ -- Sbarro, Inc. (the "Company") announced today results of operations for the quarter and the nine months ended September 28, 2008. The Company's detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC today. Third Quarter Financial Results Revenues were $91.9 million for the quarter ended September 28, 2008 as compared to revenues of $91.0 million for the quarter ended September 30, 2007. The increase in revenues was generated by new Company-owned stores and royalties on new franchised stores opened in 2007 and 2008, and royalties generated from the 15.5% increase in comparable-unit sales growth in our International Franchise restaurants, partially offset by 1% decrease in Company-owned comparable-unit sales and lost royalties due to a 2% decrease in our Domestic Franchise comparable-unit sales...

November 11, 2008 // Franchising.com // Melville, New York –– Sbarro, Inc (the "Company") announced that it issued a press release today on its Results of Operations for the quarter and nine months ended September 28, 2008 and has scheduled a conference call on Wednesday November 12, 2008 at 2:00 PM Eastern Standard Time.

There are two ways to participate in the conference call-via conference call or webcast. Domestic callers may dial in at 1-800-762-8779. International callers may dial in at 1-480-629-9041. Request to be connected to the Sbarro, Inc. Third Quarter 2008 Earnings Conference Call, confirmation number 3940827. Callers should dial in five to ten minutes before the scheduled start time. You may also access the conference call via webcast by visiting Sbarro Inc...

MELVILLE, N.Y., Aug. 8 /PRNewswire/ -- Sbarro, Inc. (the "Company") announced today results of operations for the quarter and the six months ended June 29, 2008. The Company's detailed results are included in its Report on Form 10-Q, which was filed with the SEC today. Second Quarter Financial Results Revenues were $85.4 million for the quarter ended June 29, 2008 as compared to revenues of $82.6 million for the quarter ended July 1, 2007. The increase in revenues was generated by new company owned and franchise stores opened in 2007 and the first half of 2008 and revenue growth attributable to our comparable unit sales in our International Franchise restaurants offset by a slight decrease in comparable unit sales in our company owned and Domestic Franchise restaurants...

MELVILLE, N.Y.,/PRNewswire/ -- Sbarro, Inc. (the "Company") announced that it issued a press release today on its Results of Operations for the quarter and six months ended June 29, 2008 and has scheduled a conference call on Monday, August 11, 2008 at 1:30 PM Eastern Time.

There are two ways to participate in the conference call -- via conference call or webcast. Domestic callers may dial in at 1-800-762-8779. International callers may dial in at 1-480-629-9041. Request to be connected to the Sbarro, Inc. Second Quarter 2008 Earnings Conference Call, confirmation number 3910173. Callers should dial in five to ten minutes before the scheduled start time. You may also access the conference call via webcast by visiting Sbarro Inc...

MELVILLE, N.Y., May 13 /PRNewswire/ -- Sbarro, Inc. (the "Company") announced today results of operations for the quarter ended March 30, 2008. The Company's detailed results are included in its Report on Form 10-Q, which was filed with the SEC on May 12, 2008.
First Quarter Financial Results Revenues were $83.2 million for the quarter ended March 30, 2008 as compared to combined revenues $80.5 million for the quarter ended April 1, 2007. Revenues increased as a result of revenues generated by new company owned stores opened in 2007 and the first quarter of 2008 and same stores sales growth of .3% in our company owned stores.

Net loss for the quarter ended March 30, 2008 was $2.8 million as compared to a combined net loss of $33...

MELVILLE, N.Y., May 13 /PRNewswire/ -- Sbarro, Inc. (the "Company") announced that it issued a press release today on its Results of Operations for the first quarter ended March 30, 2008 and has scheduled a conference call on Thursday, May 15, 2008 at 11:00 AM Eastern Time.

There are two ways to participate in the conference call -- via conference call or webcast. Domestic callers may dial in at 1-800-762-8973. International callers may dial in at 1-480-629-9031. Request to be connected to the Sbarro, Inc. First Quarter 2008 Earnings Conference Call, confirmation number 3878903. Callers should dial in five to ten minutes before the scheduled start time. You may also access the conference call via webcast by visiting Sbarro Inc...