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  September 5, 2001
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Home > Company Index > Leisure > Restaurants > Friendly Ice Cream Corporation

Friendly Ice Cream Corporation
AMEX: FRN
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 PROFILE
Screaming ice cream lovers can soothe their pipes at Friendly Ice Cream. The company owns and operates more than 570 Friendly's restaurants and other franchises across 17 northeastern and mid-Atlantic states. Friendly -- which also serves breakfast, lunch, and dinner -- makes ice cream and other frozen desserts that are distributed through supermarkets and retail sites. Founded in 1935, Friendly was owned by Hershey Foods from 1979 to 1988, when an investor group led by chairman and CEO Donald Smith bought it. The struggling firm has closed 80 of its company-owned restaurants, and plans to close an additional 70, but it has increased its franchising.

 COMPETITION
Advantica Restaurant Group, Inc. (DINE)
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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 599.70
1-Yr. Sales Growth: (15.4)%
Employees: 21,000
Revenue per employee: $28,557.14

 KEY PEOPLE
• Donald N. Smith
    CEO

 CONTACT INFO
1855 Boston Rd.
Wilbraham, MA 01095
US
Phone: 413-543-2400
Fax: 413-543-3966
Online: Web Site

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