Want to join the conversation?
$WEN said in 1Q16, franchise revenues increased by $21MM, which more than offset the $16MM of EBITDA loss from owning 375 fewer company-operated restaurants. The lease buyout generated approx. $10MM of incremental EBITDA. $WEN was able to deliver $7MM of YoverY restaurant EBITDA improvement.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.