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Spicy Pickle issues corporate update

February 12, 2009

DENVER — Spicy Pickle Franchising Inc. has issued an update on current business activity in both its Spicy Pickle and Bread Garden Urban Café chains.

For the company's fourth quarter, Spicy Pickle same-store sales declined 8.8 percent. For the year, comps were basically flat, down .02 percent.

"These economic times are bringing a lot of changes. Like most restaurants and other retail operations we are, for the first time in history, managing through a period of declining sales," said Marc Geman, Spicy Pickle's chief executive officer. "In our system many of our franchisees are working harder and more creatively to enhance sales and catering opportunities. We are working on efficiencies in the distribution system, store design, operations and other areas to bring costs down."