Chuy’s off-premise business accounted for about 12.25 percent of sales in the fourth quarter. As far as chief financial officer Jon Howie could recall, the number represented the largest mix in the chain’s 36-year history.
Del Frisco’s Restaurant Group is exploring strategic alternatives for its Sullivan’s Steakhouse brand, a process that could include a potential sale, executives said in the company’s fourth-quarter review.
Was the restaurant’s industry positive fourth-quarter an anomaly? TDn2K’s latest Industry Snapshot asks that question following two consecutive months of sagging same-store sales growth, year-over-year, to start 2018.
BRAVO! Cucina Italiana and BRIO Tuscan Grille parent Bravo Brio Restaurant Group (BBRG) announced Thursday (March 8) that it was acquired by Switzerland-based Spice Private Equity Ltd., an affiliate of GP Investments.
Famous Dave’s is on its way to becoming a leaner, higher-performing restaurant company. The 151-unit barbecue chain closed 13 restaurants in fiscal 2017, which drove down its total revenue nearly 28 percent in the fourth quarter to $12.
BJ’s Restaurants’ ultimate goal isn’t a complicated one. As chief executive officer Greg Trojan frankly put it, the 197-unit brand is on a “quest to be the best casual-dining concept ever.” To get there, BJ’s understood that 2017 needed to be a transformational 12 months.
Romano’s Macaroni Grill announced February 22 it has emerged from Chapter 11 bankruptcy. Mac Acquisition LLC, the owner of the Italian chain, filed for bankruptcy protection October 18, citing a shift in customer preference and an “overall downturn for the casual dining industry.
Texas Roadhouse isn’t immune to some of the crunches facing casual dining. The 527-unit brand stared down labor inflation in 2017 and raised prices about 0.3 percent across its U.S. system. But, as chief executive officer Kent Taylor put it Tuesday afternoon during a conference call, Texas Roadhouse is “feeling some very cool vibes for 2018.
Cracker Barrel reported its earnings for the second fiscal quarter of 2018 on February 20, outperforming industry estimates and carrying forward momentum from the first quarter.Restaurant and retail sales boomed for Cracker Barrel, which outperformed the casual dining industry as a whole during the quarter.
Fogo de Chão, Inc. announced Tuesday it has entered into an agreement to be acquired by Rhône Capital in an all-cash deal valued at $560 million, or $15.75 per share. The figure represents a 25.5 percent premium to the company’s closing shares on February 16.
Exclusive new research from Nielsen CGA reveals that bars and restaurants in the U.S. saw average sales drop around a third on Super Bowl Sunday (February 4) compared to the Sunday before (January 28).
The U.S. restaurant count reached 647,288 in fall of 2017, a 2 percent decrease in units from a year ago, based on a recent restaurant census conducted by The NPD Group, a leading global information company.
Denny’s began 2017 on rocky footing, just like most of its casual-dining peers. But widespread upgrades, especially on the digital front, helped the brand bounce back and keep its positive sales streak in tact.