date:Dec 31, 2013
entrate its restaurant ownership through the sale of about 425 company-operated restaurants in 13 US markets, primarily in the West.
As a result of system optimization, the restaurant chain expects to generate a higher operating margin and stronger free cash flow, along with further enhancing the quality of its earnings with a more predictable revenue stream from a higher percentage of royalty and rental income.
With the completion of the current transactions, the company has now either sold o