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    DavCo Restaurants Inc.
    list rank

    From the April 28, 1997 Washington Post


    '96 (in $ 000s) % Change From '95
    Revenue 206,903 (0.8)
    Net Income 5,798 (31.1)
    Rank Last Year: 46

    Description:
    DavCo operates 228 Wendy's restaurants in Maryland, Northern Virginia, the District, metropolitan St. Louis and central Illinois.

    Business Resume:
    • Contact Info --
      1657 Crofton Blvd.
      Crofton, Md. 21114
      410-721-3770
    • Main Business --
      Restaurants
    • Founded --
      1976
    • Chairperson --
      Ronald D. Kirstien (CEO)
    • President --
      Ronald D. Kirstien
    • Employees --
      8,000
    • D.C.-Area Employees --
      2,500
    Developments:
    DavCo's sales and earnings fell last year as the company battled the deep discounts that competitors, including McDonald's, offered to consumers in an effort to grab market share in the slow-growth fast-food industry. Sales at outlets open at least a year declined in the southern, midwestern and mid-Atlantic markets. Last year's bad weather and the federal government shutdowns caused the company to lose $2.9 million in sales, it estimated. Results also were affected by implementation of a new accounting standard.

    Last year the company opened 10 restaurants in the mid-Atlantic region, two in St. Louis and two in the Nashville area. It closed one unprofitable unit.

    Copyright 1997 The Washington Post

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