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The company’s stock rose 5% Monday even though traffic fell in the first quarter.
The Latin chicken chain is pulling out of two core markets as part of a sweeping new turnaround plan by Fiesta Restaurant Group, which also owns the Taco Cabana brand.
Guest counts rose because of a high-low pricing strategy, the quick-service giant said.
The filing could come as early as next week, according to one report.
China is poised to eclipse the U.S. as a hotbed of activity.
Cheesecake Factory says it has a second fast-casual venture in the works, Dunkin' convenes a workforce Woodstock, Noodles clears the table and McDonald's touts its merits as a first job.
Competitors say they've not felt the football fallout Papa John's cites as the main reason for a sales slowdown.