| Business Summary | | Morgan's
Foods,
Inc.
operates
KFC
restaurants
under
franchises
from
KFC
Corporation,
Taco
Bell
restaurants
under
franchises
or
licenses
from
Taco
Bell
Corporation,
and
Pizza
Hut
Express
restaurants
under
licenses
from
Pizza
Hut
Corporation.
As
of
May
24,
2001,
the
Company
operated
76
KFC
restaurants,
eight
Taco
Bell
restaurants,
17
KFC/Taco
Bell
"2n1's"
under
franchises
from
KFC
Corporation
and
franchises
or
licenses
from
Taco
Bell
Corporation,
and
two
Taco
Bell/Pizza
Hut
Express
"2n1's".
The
Company
formerly
operated
six
East
Side
Mario's
restaurants. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MR
operates
76
Kentucky
Fried
Chicken
restaurants,
eight
Taco
Bell
restaurants,
and
17
KFC/Taco
Bell
2n1's
and
two
Taco
Bell/Pizza
Hut
Express
2nl's
under
franchises.
For
the
12
weeks
ended
5/20/01,
revenues
rose
6%
to
$18.6
million.
Net
loss
decreased
85%
to
$65
thousand.
Revenues
benefitted
from
newly
built
restaurants
and
restaurants
to
which
a
concept
was
added.
Lower
loss
also
reflects
higher
margins
and
improved
cost
control
efforts. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Leonard Stein-Sapir, 62 Chairman
and CEO | $245K | James Liguori, 52 Pres,
COO | 207K | Kenneth Hignett, 54 CFO,
Sr. VP, Sec., Director | 122K | Dollar amounts are as of 25-Feb-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|