| | Business Summary | | Friendly
Ice
Cream
Corp.
(Friendly's)
owns
and
operates
407
company
and
154
franchised
restaurants,
as
of
May
2001.
The
Company
manufactures
a
complete
line
of
packaged
frozen
desserts
distributed
through
more
than
3,500
supermarkets
and
other
retail
locations
in
17
states.
Friendly's
offers
its
customers
a
unique
dining
experience
by
serving
a
variety
of
high-quality,
reasonably-priced
breakfast,
lunch
and
dinner
items,
as
well
as
its
signature
frozen
desserts,
in
a
fun
and
casual
neighborhood
setting.
Friendly's
restaurants
target
families
with
children
and
adults
who
desire
a
reasonably
priced
meal
in
a
full-service
setting.
The
Company's
menu
offers
a
broad
selection
of
freshly
prepared
foods,
which
appeal
to
customers
throughout
all
day
parts.
The
menu
currently
features
over
100
items
comprised
of
a
broad
selection
of
breakfast,
lunch,
dinner
and
afternoon
and
evening
snack
items. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Friendly
Ice
Cream
Corporation
owns
and
operates
407
company
and
154
franchised
restaurants,
as
of
May
2001.
For
the
26
weeks
ended
7/1/01,
revenues
fell
8%
to
$278.3
million.
Net
income
totaled
$1.8
million,
vs.
a
loss
of
$15.5
million.
Revenues
reflects
the
closing
of
135
under-performing
restaurants.
Net
income
benefited
from
the
absence
of
a
$12
million
restructuring
charge
and
a
reduction
of
$18.3
million
in
write-down
of
property
and
equipment. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Donald Smith, 60
Chairman,
CEO | $236K | John Cutter, 56
Pres
and COO | 405K | Paul Hoagland
CFO,
Sr. VP, Treasurer | -- | Gerald Sinsigalli, 61
Pres
of FoodService Division | 444K | Paul McDonald, 57
Exec.
VP | -- | | Dollar amounts are as of 31-Dec-2000 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/f/frn.gif)