Restaurant News Resource - Steak n Shake Restaurant Industry News

Manhattan Steak 'n Shake Signature introduces new format, favored original menu items and new 100 percent Organic Steakburger

Burger and Milkshake Company to Offer Free Orange Freezes January 3-5 as Part of Its 'No Price Hike' Plan

The Steak n Shake Company (NYSE:SNS) announces fiscal first quarter 2010 results and change in corporate name

The Steak n Shake Company (NYSE:SNS) announced today its intent to acquire 100% of the issued and outstanding shares of common stock of Fremont Michigan InsuraCorp, Inc. (OTC:FMMH.OB) (BULLETIN BOARD: FMMH.OB) that it does not already own, through an appropriate acquisition entity for $24.50 per share. 50% of the Purchase Price would be paid in cash, and 50% would be paid in shares of the common stock of Steak n Shake

Western Sizzlin Corporation Declares a Special Dividend Payable to Western Sizzlin Stockholders in the Form of Shares of Steak n Shake

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Western Sizzlin Corporation (Nasdaq:WEST), related to a proposed merger of Western into a wholly-owned subsidiary of The Steak n Shake Company in a transaction valued at approximately $22.9 million.

The Steak n Shake Company (NYSE:SNS) , and Western Sizzlin Corporation (NASDAQ:WEST) , today jointly announced the execution of a non-binding Letter of Intent relating to a proposed merger of Western into a wholly-owned subsidiary of SNS. The Letter of Intent was negotiated between special committees of the boards of directors of both companies both of which were composed entirely of independent directors.

The Steak n Shake Company (NYSE:SNS) announces its results for its third fiscal quarter 2009, which ended July 1, 2009. Net earnings for the third quarter of fiscal year 2009 were $3.8 million, or $0.13 per diluted share, contrasted to a net loss of ($9.8 million), or ($0.35) per diluted share in the third quarter of fiscal year 2008. Last year's third quarter loss included $8.7 million, or $0.31 per diluted share, net of tax impairment charges related to underperforming restaurants.

Net earnings for the second quarter of fiscal year 2009 were $2.3 million, or $0.08 per diluted share, contrasted to a net loss of ($2.8 million), or ($0.10) per diluted share in the second quarter of fiscal year 2008.

Quarter-to-Date (December 18, 2008-March 11, 2009) Customer Traffic +6.2% Same Store Sales +1.8%