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  September 5, 2001
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Home > Company Index > Leisure > Restaurants > Morgan's Foods, Inc.

Morgan's Foods, Inc.
AMEX: MR
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 PROFILE
Morgan's Foods offers a triumvirate of treats (fried chicken, tacos, and pizza) to the fast-food fanatic. The company's collection of fast-food franchises includes 77 KFCs (Morgan's Foods is one of KFC's oldest franchisees), eight Taco Bells, 18 KFC/Taco Bell "2-in-1" units, and two Taco Bell/Pizza Hut "2-in-1" eateries. (KFC, Taco Bell, and Pizza Hut are all owned by fast-food restaurant giant TRICON.) The company has sold its unprofitable string of five East Side Mario's Italian restaurants. In 2000 Morgan's Foods retained CNL Advisory Services to examine options including sale or merger. Chairman and CEO Leonard Stein-Sapir owns nearly 18% of the company; director Richard Arons owns about 14%.

 COMPETITION
AFC Enterprises, Inc. (AFCE)
Chick-fil-A Inc. (dossier)
McDonald's Corporation (MCD)

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 FINANCIAL OVERVIEW
Fiscal Year-End: February
2001 Sales (mil.): 78.10
1-Yr. Sales Growth: 18.9%
Employees: 2,028
Revenue per employee: $38,510.85

 KEY PEOPLE
• Leonard R. Stein-Sapir
    CEO
• Kenneth L. Hignett
    CFO

 CONTACT INFO
24200 Chagrin Blvd., Ste. 126
Beachwood, OH 44122
US
Phone: 216-360-7500
Fax: 216-360-0299
Online: Web Site

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