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Restaurant Sales Continue Positive Streak in June

While slow and steady, restaurant sales are still trending in the right direction, according to TDn2K’s latest Black Box Intelligence, which gathers weekly sales data from more than 30,000 locations representing 170-plus brands and nearly $70 billion in annual sales.

P.F. Chang's to Explore Sale, Owner Says

The owner of P.F. Chang’s Bistro said now “is an exciting time to explore a sale,” a move that could help the chain deal with debt burden of about $680 million. Centerbridge Partners and the Board of Managers of Wok Parent LLC announced they have retained BofA Merrill Lynch and Barclays to explore a potential sale of the Asian chain, which Centerbridge acquired in 2012 along with fast casual Pei Wei in a deal valued at $1.

Should Your Restaurant Partner with a Private-Equity Firm?

For restaurant operators that want to grow and need funding, partnering with a private-equity investor can be a good place to start, as long as operators fully consider the pros and cons.Private-equity firms can provide significant benefits to a restaurant company, such as providing the financial backing that can fuel substantial growth.

AccorHotels to Invest $319 Million in Umami Burger Parent Company

AccorHotels and sbe Entertainment Group signed a Letter of Intent and entered into exclusive negotiations for AccorHotels to acquire a 50 percent stake in sbe, further illustrating AccorHotels's strategy to expand its offering in the luxury lifestyle hospitality segment.

How Darden Artfully Built LongHorn Into a Steakhouse Juggernaut

Much of what has taken place at LongHorn Steakhouse in recent years counteracts the casual-dining playbook of old. Simplify and shrink the menu, but improve loyalty and accelerate same-store sales. Historically those results just don’t co-exist in the same battlefield.

Beef ‘O’ Brady’s Reports Strongest Quarter in 30-Year History

Beef ‘O’ Brady’s, a family-friendly sports bar and restaurant franchise, entered the second quarter of 2018 poised with rapid growth momentum. The brand has undergone a number of strategic changes within the last 12 months, including an entirely refreshed brand image, renovations to existing locations and a revamp of the menu.

Surging Darden Plans to Add 40–50 Restaurants in 2019

Darden’s strong close to fiscal 2018 soared its stock more than 15 percent Thursday to $107.06, its highest point since March 2009. Don’t expect that momentum to slow anytime soon. In fact, Darden said during a June 21 conference call that it plans to open 45–50 new restaurants in 2019—a pretty rare growth boom in today’s casual-dining arena.

Can Darden Work its Magic with Cheddar's?

Darden’s “brilliant with the basics” operating strategy has been the anchor for its industry-fronting results for years now, and the fourth quarter was no different. Same-store sales increased at every brand except its most recent acquisition, Cheddar’s Scratch Kitchen, resulting in a blended lift of 2.

Tilted Kilt Being Sold to Dick’s Wings Owner

ARC Group, Inc., owner, operator, and franchisor of Dick’s Wings & Grill, said it intends to acquire Tilted Kilt, the Jacksonville-based company announced.Dick’s Wings, a 23-year-old brand, has 15 restaurants in Florida and five in Georgia.

Dave & Buster’s Longtime CEO to Retire in August

It’s the end of an era for Dave & Buster’s. Since going public in 2014, chief executive officer Stephen M. King and chief financial officer Brian Jenkins have been the face of the company for investors.

Sales Momentum Slows for Restaurants in May

Restaurant sales slowed a bit in May after a sizzling spring start. TDn2K’s latest Restaurant Industry Snapshot, based on weekly sales from more than 30,000 restaurant units, showed flat same-store sales growth across the industry—a significant slowdown from April’s 1.