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Finance

BJ's Rides a Red-Hot Year to Long-Term Success

There’s no denying BJ’s Restaurants had a banner run in 2018. But CEO Greg Trojan doesn’t want to become a prisoner of the moment. Taking market share isn’t exactly a revolutionary concept for the 202-unit brand, founded in 1978 and public since 1996 (the company was known as Chicago Pizza & Brewery prior to August 16, 2004).

Carrabba’s Banks on Off-Premises Sales and a Robust Loyalty Program

Carrabba’s Italian Grill may not get the same fanfare as the other restaurants under the Bloomin’ Brands umbrella, but this casual Italian chain with 200-plus locations may be suiting up for its moment in the spotlight after a recent quarterly earnings call from its parent company.

Delivery and Customer Service Fuel The Cheesecake Factory’s Comeback

After gaining momentum last year and turning two positive quarters toward the end of 2019, The Cheesecake Factory is continuing its positive streak. Delivery, online ordering, and improved customer satisfaction all contributed to a successful fourth quarter for the California-based company.

Outback's Delivery Investment Pays Off

Bloomin’ Brands chief executive officer Liz Smith is confident the momentum Bloomin’ Brands—especially with Outback Steakhouse—has gained over the past eight quarters will continue in 2019. On a February 14 conference call Smith outlined success in sales and traffic growth across the Bloomin’ Brands portfolio, which also includes Carrabba’s Italian Grill, Bonefish Grill, and Fleming’s.

Why Refranchising is the Key to Denny's Success

A combination of refranchising, remodeling, and promising off-premises sales resulted in a positive fourth quarter and end-of-the-year finish for Denny’s.For the eighth consecutive year in a row, Denny’s reported positive same-store sales growth.

How Plant-Based Menu Items Meet Demand and Drive Profits

Plant-based proteins—with more sustainable and healthier claims—are appearing on full-service plates not only due to guest demand, but because chefs are willing to part with animal proteins of the past to embrace experimentation in a plant-forward future.

Chili's Reinvests Big in Operations and Labor

One of the biggest factors driving Chili’s recent traffic boom is refined operations. That was a key component of the Brinker chain’s decision to slash 40 percent of its menu about a year ago.Guests recognize consistency and improvements.

Chili's Enjoys Best Traffic in Over a Decade

Chili’s second quarter, which wrapped December 26, marked the one-year anniversary of its “traffic-focus strategy.” The early results? The Brinker flagship, over the past two periods, just turned in its best back-to-back traffic trends in 12 years.

How Smart Operators Avoid Employee Turnover

High turnover has long been a perennial—and quite costly—challenge for restaurants. According to TDn2K, restaurants lose about $2,000 whenever a front- and back-of-house employee leaves. This figure skyrockets to roughly $14,000 for managers.

Eat Here Brands Sells Table 100, Turns Focus to Babalu

Eat Here Brands, owner of eight Babalu restaurant locations, sold its stake in Flowood, Mississippi, restaurant Table 100 to Bill Latham and Al Roberts on December 31. Latham and Roberts, the co-founders of Babalu, Table 100 and Eat Here Brands, both remain actively involved on Eat Here’s board of managers.

2018 Was a Promising Year for Chain Restaurants

Here’s a jolt of good news to start 2019: After a strong December, the restaurant industry posted its best sales year since 2015, according to the latest Restaurant Industry Snapshot from TDn2K.December’s same-store sales grew 2 percent across the chain segment, which marked the best monthly performance since August 2015.

Debt-Burdened P.F. Chang’s Reportedly Sold

P.F. Chang’s is officially on the move again. The Chinese chain entered into an agreement to be sold to TriArtisan Capital Partners LLC and Paulson & Co. Inc, according to a private notice sent to investors and reported on by Bloomberg News.

40NORTH Restaurants Buys TOWN Bar + Kitchen

40NORTH Restaurants, the full-service division of Villa Restaurant Group, owned by New Jersey’s own Scotto Family, announced that it has acquired the popular TOWN bar + kitchen restaurant, located at 80 Elm Street in Morristown, New Jersey.

Bull Durham Beer Co. Sold to R&D Brewing

R&D Brewing Company has purchased Bull Durham Beer Co., the first brewery in America to operate in a Minor League baseball stadium.Founded in 2015 by Capitol Broadcasting Company, Bull Durham Beer is brewed at the home ballpark of The Durham Bulls.