In an interview last week, Smashburger CEO Dave Prokupek said “an initial public offering may still be possible on the horizon,” though the burger chain just closed a $35 million financing deal to fund ongoing growth.
Demolition Man scene, all restaurants converted to Taco Bell
Faced with tough news from its other brands, Yum Brands tried to dazzle analysts last month, saying that Taco Bell will double domestic sales to $14 billion by 2021 and open 2,000 new locations. But why be so shortsighted?
We can’t imagine that any one from any other country wouldn’t skip and whistle their way to adopting all the great things about American society and almost certainly convenient modern things like US fast food.
A rising tide lifts all ships: Consumer discretionary stocks are doing well, leading the pack with the highest forward PEs in May, as FactSet reported last week. But for franchisees, the stock price is not the same as free cash flow in the pocket.