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Article: Boston Market is Cooking; One Year After McDonald's Acquisition, Boston Market On Strong Growth Path.
- Article from:
- Business Wire
- Article date:
- May 24, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
GOLDEN, Colo.--(BUSINESS WIRE)--May 24, 2001
Known for its high-quality, home-style meals, Boston Market(R) Corporation is producing solid financial results since its acquisition by McDonald's Corporation one year ago. With an increased focus to grow and renew the business last year, the leader in "home meal replacement" now operates nearly 700 company-owned restaurants in 28 states. Fueled by consistent comparable store sales growth, restaurants now average $1 million in annual unit sales volume.
"Boston Market is financially sound and profitable, and we've exceeded McDonald's initial expectations," said Jeffrey Kindler, ...