Finance

Red Robin Opened 26 Restaurants in 2016

Red Robin Gourmet Burgers, Inc., a casual dining restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, reported financial results for the quarter and year ended December 25, 2016.

Cracker Barrel Reports 11th Consecutive Quarter of Growth

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter of fiscal 2017 ended January 27.Second Quarter Fiscal 2017 HighlightsCompared to the prior year second quarter, comparable store restaurant sales increased 0.

Bloomin’ Brands Plans to Ramp Up Off-Premise Dining

In a self-described challenging year for Bloomin’ Brands, the casual-dining company decided to close 43 underperforming restaurants while increasing its delivery efforts to give customers a differentiated dining experience.

DineEquity's CEO to Resign as Applebee's Sales Plummet

DineEquity, Inc., the parent company of Applebee's Neighborhood Grill & Bar and IHOP restaurants, announced that chairman and chief executive officer and interim president of the Applebee's business unit Julia Stewart will resign from the company, effective March 1, 2017.

Bloomin' Brands to Shutter 43 Restaurants

Bloomin' Brands, Inc. reported results for the fourth quarter and fiscal year ended December 25, 2016 compared to the fourth quarter and fiscal year ended December 27, 2015.Highlights for Q4 2016 include the following:Repurchased 1.

US Foods Agrees to Acquire All American Foods

US Foods announced that it has agreed to acquire All American Foods, a broadline distributor based in North Kingstown, Rhode Island, with annual sales of nearly $60 million.All American Foods was established in 1988 and has grown to offer more than 4,000 SKUs to nearly 1,000 customers throughout Rhode Island, Massachusetts, and Connecticut.

Restaurant Industry Breaks Streak of 10 Straight Negative Months

The restaurant industry kicked off 2017 in a much more uplifting fashion than it ended 2016. While same-store sales growth was flat (zero percent) in January, it represented a welcome break from the 10 consecutive months of negative sales growth experienced by the industry through the end of last year.

Buffalo Wild Wings' Profit Drops 38 Percent in Q4

Net earnings dropped by 38.2 percent in the fourth quarter of 2016 for Buffalo Wild Wings as the brand looks to boost sales in 2017 through various sales initiatives.Same-store sales decreased 4 percent at company-owned restaurants and 3.

Bennigan’s Enjoyed Significant Growth in 2016

Building off a highly successful 40th anniversary year, the iconic Bennigan’s brand is looking ahead to continued growth throughout 2017. This will coincide with the expansion of its fast-casual concept, Bennigan’s on the Fly, and the comeback of its Legendary sister brand, Steak and Ale.

The Art of Selling a Restaurant

Selling a long-standing restaurant is no easy task. Take Merle Borenstein, who opened Armadillo’s Bar & Grill, a Southwestern eatery, in the then edgy Rondout area of Kingston, New York, in 1988, about 90 miles north of New York City.