Word: speiser
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...through most of 2003 those outlets that have been open for more than a year were reporting negative sales growth due to intense competition and consumers who are trying to cut down on fried foods. Among the company's Stateside woes, says Lehman Bros. analyst Mitchell Speiser, "service times are slow and the food isn't seen as contemporary." The U.S. president of KFC resigned in September. To make matters worse, Pamela Anderson, the ex-Baywatch TV actress, recently joined a boycott of KFC led by People for the Ethical Treatment of Animals. The animal-rights group says...
...than 900 KFC restaurants and at least one new branch opening every other day, the outlook is much sunnier. The mainland now constitutes about 15% of Yum's operating profits ($273 million in the third quarter of 2003) and accounts for approximately 40% of its international business, according to Speiser. And because China's population is about five times that of the U.S., the company figures this is just the corporate equivalent of an appetizer. "There should be tens of thousands of KFCs, Pizza Huts and Taco Bell Grandes here," says Sam Su, Yum's China president, over a Pepsi...
...past five years. Profits? Papa John's earnings jumped 45% last year and are on track for at least a 30% increase in 1998, even as Schnatter opens units at the furious pace of a store a day. "Papa John's has been an incredible success story," says Mitchell Speiser, who watches the restaurant industry for Lehman Brothers. "They have done a great job of emerging out of nowhere...
...into Tricon last year. The new strategy pushed Pizza Hut's same-store sales up a strong 9% in the second quarter, although the company said last week the pace slowed to 4% in the third quarter. "Pizza Hut has generated very strong results since the spin-off," says Speiser. Nonetheless, "as Pizza Hut continues to focus on building sales within its existing pizza operations, Papa John's will continue to gain market share...
Children also force mixed couples to confront hard decisions about religion. Blanche Speiser, 43, was certain that Mark, 40, would yield if she wanted to raise their two kids Christian, but she also knew that her Jewish husband would never attend church with the family or participate in holiday celebrations. After much soul searching, she opted for a Jewish upbringing. "I knew it would be O.K. as long as the children had some belief," she says. "I didn't want a mishmash." Although Blanche remains comfortable with that decision and has grown accustomed to attending synagogue with her family...