Spotlight: Putting the Sizzle Back in Restaurant Chain
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Sizzler International Inc. plans to boost per-share earnings in fiscal 1998 by increasing same-store sales and cash flow at its U.S. restaurants and reducing losses at its Australian KFC franchises. In meetings with analysts, the Los Angeles-based company said it plans to outline four primary sources of revenue for the current fiscal year ending May 3. Sizzler’s plan follows a rebound in fiscal 1997, in which it posted profit of $600,000. In fiscal 1996, it had a loss of $138.5 million.
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