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Bad Daddy’s Burgers Reports Sales Increase For Q1

Good Times Restaurants Inc., operator of Bad Daddy’s Burger Bar, a full-service, upscale burger bar concept and Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products, today announced that same store sales at its Bad Daddy’s concept increased 0.

Blue C Sushi Chain Abruptly Shutters All Restaurants

Seven-unit Blue C Sushi abruptly shuttered all of its restaurants this week, according to an email sent to employees Sunday by a representative of parent company madison Holdings, Inc. A copy of the memo, reviewed by Eater, cited “unexpected financial and other circumstances.

Emerging Chain Firebirds Wood Fired Grill Sold to Firm

J.H. Whitney Capital Partners announced January 8 it completed a transaction to acquire the majority interest in Charlotte-based Firebirds International, LLC. Financial details and terms of the transaction were not disclosed, the company said in a statement.

P. F. Chang’s Nears $700 Million Sale

Private equity firm TriArtisan Capital Advisors is in talks with Centerbridge Partners to acquire P.F. Chang’s for $700 million, according to a Bloomberg report.Centerbridge acquired the Asian chain in 2012 along with fast casual Pei Wei in a deal valued at $1.

Kona Grill Hit With Nasdaq Delisting Notification

Kona Grill’s road to becoming America’s best happy hour could face a roadblock. The Nasdaq Stock Market notified Kona Grill it failed to comply with market rules and could be delisted.On January 4, the Arizona-based company filed documents, which notified the Securities and Exchange Commission that the company received a deficiency notice from the Nasdaq Stock Market.

Breaking Down Minimum Wage Hikes in 2019

The future of the federal minimum wage rate is always a means of debate. It remains $7.25 per hour, with no real clear path forward, although many pundits expect it to eventually rise. For now, though, 2019 brought minimum wage hikes in more than a dozen states and cities.

Del Frisco's Restaurant Group is Considering a Sale

Amid activist pressure, Del Frisco's Restaurant Group said it has “commenced a comprehensive review of strategic alternatives.” This review will consider a full range of options, the company said, including a possible sale of DFRG or any of its dining concepts.

Guest Satisfaction Scores Rise at Cheddar's

Darden chief executive Gene Lee admitted he’s “disappointed by the lack of progress in the top line” at Cheddar’s Scratch Kitchen. After reporting same-store sales declines of 4 percent in the second quarter of fiscal 2019, Darden’s most recent acquisition has tracked negative in six straight periods.

Four Corners Property Trust Buys Red Lobster Properties for $25.9M

Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of six Red Lobster restaurant properties in Delaware, Indiana, Kentucky, Minnesota, Mississippi, and North Dakota for $25.

What's Next for Dave & Buster's Food Program?

To some degree, Dave & Buster’s expected separation in its food and amusement performance this past quarter. Q3 marked the first full period the eatertainment chain’s proprietary virtual reality platform was live across the system.

Can Guest Surcharges Work for Your Restaurant?

Kim Bartmann has subsidized employee healthcare for her Minneapolis restaurant employees since 1993. But that longstanding commitment only received widespread attention last year when she rolled out a 3 percent surcharge at all her restaurants and plainly told customers it was needed to cover the rising cost of health insurance.

Off-Premises Sales Change the Game for Restaurants

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.