Finance

Famous Dave's Continues Optimization Plan

Famous Dave's of America, Inc. reported financial results for the second quarter ending July 2, 2017.Highlights for the second quarter of 2017:Franchise-operated comparable restaurant sales improved to (3.

STK's 'Asset-Light Business Model' is Paying Off

The ONE Group Hospitality, Inc. announced its financial results for the second quarter ended June 30.Highlights for the second quarter ended June 30 were as follows:The second quarter marked our 14th consecutive quarter of revenue growth.

Guest Counts, Sales Rise at J. Alexander’s

J. Alexander’s Holdings, Inc., owner and operator of the J. Alexander’s Restaurants, Redlands Grill, Stoney River Steakhouse and Grill and Lyndhurst Grill collection of restaurants, announced financial results for the second quarter and first six months ended July 2.

Applebee's: 135 Restaurants Could Close in 2017

DineEquity’s earnings per share and revenue beat analyst estimates Thursday, but it came with the news that flagship brand Applebee’s will shutter up to 135 restaurants in fiscal 2017. This expectation from the company, which also operates IHOP, is more than three times the lower end of its first-quarter range of 40–60 restaurants.

Is Red Robin Making a Comeback?

When sales and traffic turned negative for Red Robin in the fourth quarter of 2015, the casual dining chain looked to its most loyal guests for answers. Research within its Red Robin Royalty base showed four major concerns: Speed and quality of service; value perception; ineffective advertising; and, lastly, the absence of carryout and delivery.

J. Alexander’s Agrees to Acquire Ninety Nine Restaurant & Pub

J. Alexander’s Holdings, Inc., parent company of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, and Lyndhurst Grill, announced it entered into a definitive agreement to acquire 99 Restaurants, LLC in an all-stock transaction valued at about $199 million.

Chuy's Avoiding 'Silver Bullets' as Sales Decline

Tex-Mex casual dining chain Chuy’s Holdings disappointed investors in its financial report Thursday when it announced its third straight quarter of same-store comparable sales decreases, falling by 1 percent.

As Expected, Sales Slide at The Cheesecake Factory

Call it a lack of communication. On Wednesday afternoon, following The Cheesecake Factory’s earnings review, the brand responded to its first negative gains after 29 positive quarters with a leveled view.

How BJ's Restaurants is Tackling 'Tall Industry Challenges'

BJ’s Restaurants was off to a strong second quarter before mid-May arrived. That’s when business started to soften and “tall industry challenges” weighed down the casual dining chain, which has seen its same-store sales decline for five straight quarters.

'Historically High' Wings Cripple Sales at Buffalo Wild Wings

Predications of a rough second-quarter review for Buffalo Wild Wings crashed into reality Wednesday afternoon, with the chicken-wing chain reporting “disappointing” results and negative same-store sales that brought yet even more questions bubbling to the surface.

Why Customers are Flocking Back to Outback Steakhouse

When it comes to the health and progress of Bloomin’ Brands, modest sales growth at its most recognizable brand doesn’t quite sum it up, said CEO Liz Smith in a conference call Wednesday. Rather the buzzword was traffic, and how increased guest counts and engagement are positioning the company for long-term prosperity amid an increasingly challenging landscape.

Restaurants Post Best Quarter of Sales and Traffic Since 2016

While restaurant industry performance has been dismal for the past six quarters, June’s results provided a bit of good news.The month’s sales and traffic growth were the best monthly performance since January, and the second quarter of 2017 posted the best results since the second quarter of 2016, according to TDn2K’s Restaurant Industry Snapshot.

Prominent Private-Equity Firm Buys Jim ‘N Nick’s Bar-B-Q

Prominent private-equity firm Roark Capital Group added Alabama-based Jim ‘N Nick’s Bar-B-Q to its portfolio. Terms of the transaction were not disclosed.Roark Capital Group announced that its affiliate acquired a majority stake in the 37-unit chain, which started in 1985 and has since spread to seven states, including Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina, and Tennessee.