Finance for Restaurants | Food Newsfeed

Finance

Despite Hurricane Impacts, Chuy’s Headed in Right Direction

Chuy’s Holdings Inc.’s stocks are up more than 8 percent heading into the lunch hour after the brand reported Thursday that despite an estimated $1.2 million loss in both sales and incremental costs associated with hurricanes Harvey and Irma, revenue grew by 7.

Outback Steakhouse's Traffic is on the Rise

Investments made by Bloomin’ Brands to improve the customer experience at Outback Steakhouse has resulted in the first quarter of improved traffic since 2016.Same-store sales were up 0.6 percent at the steakhouse chain, while traffic increased 0.

Salis Holdings Acquires 5-Unit Ted’s Bulletin

Salis Holdings announced the acquisition of Ted’s Bulletin, adding to the rapidly growing list of hospitality brands acquired by owner Steve Salis and his executive team under his holding company. Ted’s Bulletin, with five locations across D.

MacKenzie River Restaurants to Finish Strong in 2017

MacKenzie River, the flagship restaurant of the Glacier Restaurant Group, has shown strong growth since it was established in 1993, with the ambiance of the greater Northwest. The casual rustic atmosphere that depicts the heart and soul of the Rocky Mountains continues to appeal to guests nationwide as the restaurant chain expands in new and existing markets while opening four new locations in 2017: Rapid City, SD; Crestview Hills, KY; Las Vegas, NV; and Beavercreek, OH.

5 Red Lobster Properties Sold for $19.4 Million

Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of five Red Lobster properties in Ohio (2), Michigan, Pennsylvania, and Georgia for $19.

Razzoo's Cajun Cafe Announces Growth Plan

Since 1991, Dallas-based Razzoo’s has expanded slowly, methodically and predominantly under the radar. However, continued strength with the company’s core brand, Razzoo’s Cajun Café, and enthusiastic demand for their newest concept, Tricky Fish, has encouraged management to seek structured outside funding for the first time in corporate history.

Hurricanes Bite The Cheesecake Factory's Bottom Line

After 29 consecutive positive quarters of sales growth, The Cheesecake Factory has started another streak—one it hopes to remedy sooner than later. For the second straight quarter, the chain reported negative same-store sales.

Chili's Traffic Stalls in 1Q. But Are Better Days Ahead?

Chili’s traffic fell nearly 9 percent during the first quarter of its fiscal 2018, which the brand attributed primarily to hurricanes Irma and Harvey. The traffic decline coincided with a 3.4 percent drop in same-store sales, compared to a 1.

FAT Brands Buys Ponderosa, Bonanza Steakhouses for $10.5M

FAT Brands Inc. announced that it has successfully completed the acquisition of Homestyle Dining LLC, the parent company to the Ponderosa Steakhouse and Bonanza Steakhouse brands, for $10.5 million. With the acquisition of Ponderosa and Bonanza, FAT Brands’ franchisees now operate more than 300 restaurants around the globe with system-wide sales exceeding $300 million.

Texas Roadhouse is Producing Results, Not Excuses

Each quarter, it feels like Texas Roadhouse stomps on another restaurant buzzword. This time, the 540-unit-plus chain dismissed the notion of a loyalty program, saying it would be “inappropriate” for the brand to explore it at this time.

BJ's Restaurants Sales Begin to Turnaround

Following a promising third quarter due to initiatives like off-premise sales and value offerings, BJ’s Restaurants and Brewhouse remains optimistic about its plans to bring the concept to more markets nationwide.

Is Buffalo Wild Wings Making Progress?

Buffalo Wild Wings’ stock has taken a wild ride in the past year. The chicken-wing chain’s shares were trading at $174.90 in early December 2016. They were $96.45 September 7 and about $107 on Monday.

Hurricanes, Security Issues Stump Sales at Fogo de Chão

Like many restaurant brands across the nation, Fogo de Chão felt the financial strain of Mother Nature in the third quarter. The chain, which has 36 restaurants in the U.S. to go along with nine in Brazil, two joint ventures in Mexico, and a joint venture in Jeddah, Saudi Arabia, released its preliminarily, unaudited financial results Wednesday for the period ended October 1.