The concept behind Crafthouse isn’t overly complicated: use locally produced products and goods to create craft dishes, and offer customers a large selection of the best local craft beer, spirits, and wine.
In recent months, it's been debatable whether or not the restaurant industry’s upward climb was a short-term burst or something with true staying power. TDn2K’s latest industry snapshot suggests the latter might be true, although there remain significant roadblocks.
Calling Del Frisco Restaurant Group’s performance as a public company “abysmal,” activist investor Engaged Capital LLC presented a straightforward solution: Sell the company.“The environment for M&A in the restaurant industry has rarely been more active than it is today,” Engaged principal and chief investment officer Glenn W.
The average consumer is spending $59 more than the original value of their gift card, up $21 from 2017, according to the 2018 Prepaid Consumer Insights Study released by First Data today. The report shows significant lift is being generated from gift card spend and continues to highlight a year-over-year branded currency growth trend; for the fifth consecutive year, when purchasing with a gift card, consumer overspend has increased.
Bloomin’ Brands reinvigoration of Outback has, rightfully so, grabbed headlines in recent months. If you look back to the first quarter of fiscal 2017, the company shuttered 14 restaurants and followed by refranchising 54 corporate stores to longtime franchisee partners.
To put it lightly, this past year has been a transformational period in Del Frisco’s history. But whether or not these broad changes, including the acquisition of two brands and the sale of another, have bolstered or stressed the company’s portfolio is something chief executive Norman Abdallah took head on during Del Frisco’s third-quarter recap.
On November 8, the Department of Labor retracted the Obama-era “80/20 rule” and clarified guidelines on how employers should properly compensate tipped employees.Since it began on March 2, 2009, the confusing “80/20” rule has been causing headaches and lawsuits for restaurant employees.
For Chuy’s, issues like persistent inflation of labor costs and the aftermath of a rainy hurricane season continue to squeeze the company’s profitability. Chuy’s president and chief executive officer, Steven Hislop, said it was a challenging third quarter for the company.
Tilted Kilt and its retracting unit count are being sold for $10. ARC Group, Inc., a restaurant holding company that owns 26-unit Dick’s Wings & Grill, outlined its plans to acquire the brand this week after first announcing the deal in June.
While Red Robin took steps to improve its service and marketing strategy during the third quarter, the results were still disappointing for the company, even with new training and systems in place. Chief executive Denny Marie Post said, “for now, we are, by no means, pleased with our performance through Q3, we are heartened by the energy and commitment of our teams as we have reengaged all of our frontline leaders and team members to regain our operational edge.
At Denver-based chain Snooze, food waste reduction is a multipronged effort. There is only one trash bin in each kitchen with multiple compost bins posted at each workstation. A quinoa bowl on the menu uses a ham broth that’s actually a byproduct of roasting pork overnight.
IHOP’s gamble on burgers and IHOb stunt over the summer seems to have paid off for the Dine Brands chain.During the third quarter, same-store sales increased 1.2 percent compared to this time last year.