Restaurant News Resource - Schlotzskys Restaurant Industry News

Retail Veteran Joins FOCUS Brands to Lead 36-Year-Old Sandwich Chain

Company Names New Chief Marketing Officer and Director of Purchasing

Texas-Based Company Brings Experience as Franchisee and Restaurant Operator

Company Continues to Receive Inquiries From Potential Investors

Company Announces Details for Shareholder Meeting

The Company reported a net loss of $86.8 million, or $11.83 per diluted share, compared to the second quarter of 2003, when the net loss was $2,267,000, or $0.31 per diluted share.

More Than Fifty Potential Investors Indicate Interest

Schlotzsky's, Inc. (NasdaqNM:BUNZ) today announced that the Company's common stock will be delisted from The Nasdaq Stock Market effective at the opening of business on Thursday, August 12, 2004.

Restaurant chain Schlotzsky's Inc. (NasdaqNM:BUNZ) filed for Chapter 11 bankruptcy protection on Tuesday, just weeks after it replaced its top executives and hired a restructuring firm.

Schlotzsky 's Inc. said Monday it closed six of its 36 company-operated restaurants over the weekend and may shutter more as it seeks to pare expenses.