City of Industry, CA --(www.USEquityNews.com)-- 10/31/2007 - Fast food franchise industry alert provided by U.S. Equity News. Fast food chain Chipotle Mexican Grill Inc. (NYSE:CMG) recently said third-quarter net income rose 75 percent as more customers visited its burrito restaurants. Quarterly earnings rose to $20.6 million, or 62 cents per share, from $11.8 million, or 36 cents per share, in the prior-year period. Revenue rose 36 percent to $286.4 million from $211.3 million, helped by sales at both new and established stores.

Restaurant operator Buffalo Wild Wings Inc. (NASDAQ: BWLD) recently said third-quarter net income rose 21 percent, as average weekly sales at company-owned and franchise restaurants increased, though results missed analyst expectations. The company also said the planned acquisition nine restaurants in Las Vegas would take longer than expected. Quarterly profit rose to $4.3 million, or 24 cents per share, from $3.5 million, or 20 cents per share, in the year-ago period.

Shareholders of the bar-and-grill chain Applebees International Inc. (NASDAQ: APPB) recently approved a $1.9 billion buyout offer from pancake house operator IHOP Corp. More than 70 percent of shares voting approved the agreement, which critics said shortchanged shareholders. Under terms of the deal, shareholders of Overland Park-based Applebees will be paid $25.50 per share, a 4.6 percent premium over its closing price on the day before the offer was announced.

Famous Uncle Al's Hot Dogs & Grille, Inc. (OTCBB: FDOG) announced it has expanded its reach to Phoenix, AZ. The company opened its newest restaurant this week in Phoenix at 4727 East Bell Rd., Phoenix, AZ 85032. The new restaurant is the first Famous Uncle Al's Hot Dogs & Grille restaurant in Arizona. President, Dean Valentino commented, "As part of our plan to expand the chain nationwide this restaurant will serve as our southwest flagship restaurant."

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