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Employee Vacancies Stress the Restaurant Industry

With this year’s Easter shift from March to April, and the fact last year’s run was one of the strongest, it’s probably wise to take recent trends with a grain of salt. TDn2K’s latest Restaurant Industry Snapshot showed negative 0.

Chuy's Leans on Catering, Digital, and Fresh Marketing

Chuy’s off-premises business is regaining momentum. After falling below 2 percent of total sales in 2018, the figure increased to 2.7 percent to start fiscal 2019.Chuy’s rolled out online ordering through Olo during the fourth quarter of 2018 and customers are responding well.

Ruth’s Chris Plans 'Prized' Expansion After $19M Deal

Ruth’s Chris Steak House purchased development rights to “prized territory,” for about $19 million in cash, the company announced during its May 3 first-quarter review.Along with three franchises run by longtime operator Marsha Brown—the former banker of founder Ruth Fertel—the high-end steakhouse acquired development rights to the Philadelphia area, including parts of New Jersey and Long Island, New York.

The Cheesecake Factory Puts the Focus on Employees

In an industry where labor costs continue to strain operating margins, The Cheesecake Factory is trying to gain an edge by focusing on staffing and employee retention.According to a study conducted in 2017, a whopping 72 percent of all restaurant workers left their jobs compared to a 47 percent rate across all industries.

Applebee's is Building a Brand of High Performers

Applebee’s turnaround over the past two years has had several layers. Of the most critical, and perhaps less-publicized points, though, involves fixing one of the starkest gaps in the industry. When Dine Brands reworked its leadership, the team was staring down a very wide gap between effective stores and those brand-damaging units that not only dragged sales, but also poked holes in Applebee’s brand affinity.

Denny's Invites Guests Into its Brand Revolution

Denny’s revitalization strategy has touched every aspect of the brand. From new menu items to restaurant facelifts, the casual-dining brand is doing everything it can to attract new customers and turn them into loyal diners.

Kona Grill Files for Bankruptcy Protection

Struggling casual chain Kona Grill filed for Chapter 11 bankruptcy protection Tuesday—a step the company hinted in mid-April could be coming.The Scottsdale, Arizona-based polished brand has assets of $53.

Chili’s Keeps Rolling with ‘Traffic-Focus Strategy’

Brinker International chief executive Wyman Roberts sees a consumer landscape Chili’s can thrive in. With record low unemployment and income growth expanding throughout the middle class, more people are choosing to dine out, which is strengthening the entire restaurant industry.

Capital One Names Paul Westra Managing Director of Restaurant Investments

Capital One announced that it has named Paul Westra Managing Director of Restaurant Investments, supporting its Food, Beverage & Agriculture (FB&A) specialty banking team. “Over the course of more than 20 years, Paul established himself as one of the most authoritative restaurant analysts on Wall Street,” says Paul Baisley, Managing Director and Head of Food, Beverage & Agriculture at Capital One.

Texas Roadhouse and Rising Labor Costs Square Off

Texas Roadhouse’s top-line sales and traffic remain enviable by industry standards. But there’s no question the labor war, especially at the hourly level, is taking its toll. The mounting issue showed up in force during the first quarter of fiscal 2019, announced Monday afternoon.

Outback Invested $50M on Better Food and Service

In the summer of 2017, Outback saw its traffic trends start to strengthen. The brand jumped 130 basis points from the first quarter to the second, which marked the highest result in two years. Although still negative at 0.

BJ's Keeps the Positive Run Going

Even though the months of March and April tend to be the most unpredictable for BJ’s Restaurants—tax season, spring breaks, and holidays, like Easter, can all have a major impact on traffic trends—this past quarter proved to be another step forward for the polished casual brand.

Kona Grill Delisted After Missing Annual Fee

Kona Grill was delisted from the Nasdaq Global stock exchange on April 25 after the company failed to pay its annual fee. The Scottsdale, Arizona-based company has about 13 million total outstanding shares, and, according to the Nasdaq 2019 listing guide, was on the hook for an annual fee of $55,000.

Twin Peaks Reports Impressive Start to 2019

Twin Peaks kicked off 2019 with a steady increase in sales and traffic in addition to the successful debut of several innovative new menu items.The ultimate sports lodge saw a 1.4 percent increase in traffic and 3.

Kona Grill Faces Nasdaq Delisting Again

Kona Grill said in an April 22 filing that it was recently notified by Nasdaq that it could face delisting on the stock market if it fails to pay “certain fees,” by April 25. If Kona Grill elects not to appeal, trading of its common stock will be suspended at the opening of business that day, the notice said, and the company’s securities will be removed from listing and registration.