date:Aug 11, 2014
to $12.2 million in the second quarter of 2013. Consolidated revenues were $523.4 million, compared to $650.5 million in the second quarter of 2013. The 19.5 percent decrease resulted from lost revenue following the sale of 418 company-operated restaurants to franchisees as part of the company's system optimization initiative, partly offset by same-restaurant sales growth and increases in both rental income and franchise royalties.
Company-operated restaurant margin was 17.8 percent in the sec