Little Caesars Leads Pizza Chains in 2007 U.S. Store Growth
Leading pizza marketing factors include convenience and speed.
U.S. Little Caesars was also named highest rated pizza chain for "Convenience
of Locations" and "Speed of Service."
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Little Caesars #1 Pizza Chain in 2007 U.S. Store Growth
Achieves Seventh Consecutive Year of Significant Sales Increases
DETROIT, April 2, 2008 /PRNewswire/ -- Little Caesar Enterprises, Inc.
today announced that it built more domestic units than any other pizza chain
in 2007, while being recognized as the top value quick serve restaurant chain
in the U.S. "Our strategic new store growth continues, and we're very pleased
that 2007 marked our seventh consecutive year of significant sales increases
outpacing industry growth," said David Scrivano, president, Little Caesar
Enterprises, Inc. "Even with current economic pressures, we are growing the
chain by executing our strategy."
Recognized as the world's largest carry-out pizza chain, Little Caesars'
year-over-year sales increases again led to significant franchisee growth and
entry into new markets. This growth, coupled with fresh, quality products,
outstanding value for customers and strong national brand recognition,
positions Little Caesars for continued and accelerated growth in 2008 and
beyond.
In one of the largest U.S. quick serve restaurant research studies in
2007, Little Caesars was named for the first time the "best value for the
money" of all quick serve restaurant chains. Sandelman & Associates' Quick-
Track(R) research study tracks key consumer behavioral and attitudinal
measures for all major fast-food chains. Surveys were conducted among more
than 84,000 quick service restaurant customers in 70 major markets across the
U.S. Little Caesars was also named highest rated pizza chain for "Convenience
of Locations" and "Speed of Service."
"Our customers are telling us they appreciate the great value we provide,"
said Scrivano. "Value is created by offering top quality pizza made with fresh
ingredients for a great price. This recognition from Sandelman clearly
validates our market position as the value leader and is a testament to our
competitive advantage."
Attracting a Broad Range of Investors
In 2007, Little Caesars built new stores in eight countries and 36 states.
Little Caesars plans to continue the growth by opening hundreds of stores
worldwide in 2008. Numerous business investors are seeing value in Little
Caesars, including individuals experienced with other brands, people
transitioning to a second career and investment companies.
"I left an executive position with another food chain and became an
entrepreneur with Little Caesars because of the high quality products and
simple operating model," said Mike McGuire, Little Caesars Minneapolis-area
franchisee. "With the strong training and ongoing support Little Caesars
offers franchisees, I have been able to open six Little Caesars stores and
plan to open three additional locations in 2008." Three years ago there was
one Little Caesars store and one franchisee in the Minneapolis/St. Paul market
area. Today there are more than a dozen stores and five franchisees.
People from many backgrounds have chosen Little Caesars as a second
career. Former Ford autoworker Dale Beck took a buyout in 2006 and opened his
St. Louis-area Little Caesars in June of 2007. "I made a plan to transition to
a different career, and I've enjoyed bringing the same discipline I developed
in the auto industry to my own business," said Beck. "I encourage other auto
workers, and people from any field desiring to get into business for
themselves, to explore opportunities with Little Caesars."
Investment companies are also interested in Little Caesars. For example,
Sizzling Caesar, an experienced restaurant group with several brands, recently
purchased dozens of Little Caesars stores in Utah and Colorado to expand their
holdings. "We have many food service interests and we were looking for an
investment that would help us expand in today's economy," said Ted Morton, CEO
of parent company Sizzling Platter. "We're so happy with our Little Caesars
business that we have signed an agreement to expand the Little Caesars brand
with dozens more stores in Utah and Colorado."
Domestic Expansion Plans
In 2008, Little Caesars is focusing on growing in areas across the country
including Boston, St. Louis, New Orleans, Philadelphia and Cincinnati, among
many others, providing opportunities for individuals looking for more
independence through business ownership.
To maintain its continued growth, Little Caesars supports franchisees with
strong processes and a proven system that includes: ongoing training and
support, architectural services to help with store design and construction,
preferred lenders to assist with financing, the ongoing research and
development of new products, and effective marketing programs and support.
"We continue to innovate to provide more value to more people in more
places," said Scrivano. "Little Caesars has been in business for nearly 50
years, and remains well-positioned today in this competitive market segment."
International Expansion Plans
Little Caesars intends to expand its international presence and has
approved franchisees in Costa Rica, Peru and Ireland. To support its long term
focus on international growth, Little Caesars promoted Michael Therrian to
Vice President, International. He will focus on growing stores and
strengthening the Little Caesars brand globally. Little Caesars has a presence
or approved franchisees in more than 20 countries.
Giving Back
The Little Caesars Veterans Program continues to provide business
ownership opportunities to military veterans. Currently 25 veterans have
become Little Caesars franchisees under the program. It offers honorably
discharged, service-disabled veterans who qualify as Little Caesars
franchisees a benefit of up to $68,000. Honorably discharged, non-service-
disabled veterans who qualify as Little Caesars franchisees are eligible for a
benefit of $10,000.
The Little Caesars Love Kitchen, a pizza kitchen on wheels that travels
the nation providing hot pizza meals to the homeless, disaster survivors and
rescue workers, made a difference for more than 15,000 people in 60 locations.
Since its inception in 1985 the Little Caesars Love Kitchen has provided meals
to more than two million people.
About Little Caesars
Little Caesars Pizza founders Michael and Marian Ilitch opened their first
restaurant in Garden City, Michigan in 1959. Little Caesars built more stores
in the U.S. in 2007 than any other pizza chain and today is the largest carry-
out chain internationally with restaurants on five continents. Little Caesars
is growing in prime markets across the country, and is offering strong
franchisee candidates an opportunity for independence with a proven system. In
addition, Little Caesars offers strong brand awareness with one of the most
recognized characters in the country, Little Caesar, that appeals to both
adults and children.
In addition to Little Caesars Pizza, Ilitch companies in the food, sports
and entertainment industries include -- the Detroit Red Wings, Detroit Tigers,
Olympia Entertainment, Olympia Development, Blue Line Foodservice
Distribution, Champion Foods, Uptown Entertainment, Little Caesars Pizza Kit
Fundraising Program, and a variety of venues within these entities. Marian
Ilitch also owns MotorCity Casino Hotel.
For more information about Little Caesars and available franchise
opportunities and markets, visit www.LittleCaesars.com or call 1.800.553.5776.
SOURCE Little Caesar Enterprises, Inc.
Kathryn Oldham, +1-313-983-6398, for Little Caesar Enterprises, Inc.
1-Pizza isn't messing around...
