Spicy Pickle Franchising Inc. (SPKL.OB) is a casual dining restaurant chain. Spicy Pickle restaurants serve high quality meats and fine Italian artisan breads, a wide choice of ten cheeses and a variety of spreads and toppings to create healthy, tasty panini and sub sandwiches with flavors from around the world.
Spicy Pickle offers menu items that are far beyond traditional fast food, but without the higher prices of most casual dining restaurants. The company is expanding rapidly, and recently opened their 42nd restaurant in Michigan. Michigan represents the 14th state that the company is now operating in. Spicy Pickle’s goal is to expand into nearly all of the 50 states.
Spicy Pickle is actually doing quite well, despite the current economic environment. In the company’s last earnings report issued in April, Spicy Pickle showed an increase in same store sales of 5% and an increase in revenues of 4.64%. This is remarkable in light of the current economic slowdown. Many other casual dining restaurant chains are showing a drop in both sales and revenues. Any upturn in the economy should boost Spicy Pickle’s numbers even further.
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