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UNO Restaurants Sells 8 Company-Run Stores to MVPizza

UNO Restaurants, LLC, the owner, operator and franchisor of the UNO Pizzeria & Grill brand, announced the sale of eight company-owned restaurants to MVPizza, LLC as part of a broader re-franchising initiative.

Roark Execs Launch Corlex Capital, to Invest in Ivan Ramen

Corlex Capital, LLC, an independent financial sponsor focused on control and minority equity investments in the lower middle market, announced its official launch of operations. Founded by five longtime industry professionals, Corlex Capital has redefined the private equity model by combining intellectual and financial capital to be thoughtful and impactful in every engagement.

BJ's Sizzling Run Isn't Close to Over

After another quarter of gains, BJ’s Restaurants continued its streak of success in the casual-dining sector. Compared to last year, the 201-unit chain has executed one of the industry’s more impressive turnarounds.

The Cheesecake Factory Appears Ready to Buy Another Chain

While The Cheesecake Factory works to regain sales momentum, the company’s investments are heating up. Matthew Clark, EVP and chief financial officer, outlined the brand’s plans Tuesday afternoon to possibly acquire 14-unit North Italia.

Chili's Comeback Strikes a Sweet Balance

When Chili’s nixed its LTO strategy in April 2017, it wasn’t solely about reducing menu complexity, size, and shifting operational focus to core items—there was a longer-term value play at hand. But developing a loyal base that expects everyday value, as opposed to those who seek it on a case-to-case and promotion-to-promotion basis, took some time to mature.

Texas Roadhouse to Raise Prices as Cost Battle Rages

For some time now, Texas Roadhouse’s guarded approach and its ability to control costs have toed a fine line. Has that challenge finally caught up to the high-performing steakhouse? Shares plunged 11 percent in after-hours trading Monday afternoon following Texas Roadhouse’s third-quarter review.

CEO: Confidence in Outback Has Never Been Higher

Bloomin’ Brands chief executive officer Liz Smith saw no reason to downplay Outback’s recent performance. “I have never felt more confident in the brand health, and where Outback is,” Smith said during an October 29 conference call.

Activist Pushes Outback to Sell or Spinoff Other Brands

Activist investor Barington Capital Group, L.P. has pushed Bloomin’ Brands for change before. Back in February, the company sent a letter to Bloomin’s chairman and chief executive officer, Liz Smith, along with a detailed presentation that outlined how Barington felt Bloomin’ could improve shareholder value and the performance of its casual brands, Outback Steakhouse, Carrabba’s, Bonefish Grill, and Fleming’s.

Restaurant Industry Surges to Best Sales in 3 Years

Despite a continued lull in traffic, the restaurant industry put together its best quarter in three years, according to TDn2K’s latest Black Box report. Same-store sales grew 1.2 percent in the third quarter—the best since the Q3 2015.

Hurricane Slows Sales at Bad Daddy’s

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, announced that its Bad Daddy’s adjusted same store sales increased 0.

7 Expert Ways for Restaurants to Cut Costs

Put bluntly, Pat Phelan recognizes the two paths to improved profitability: sell more or spend less.While Phelan, owner of The Jacobson, an upscale restaurant in Kansas City, Missouri, knows capturing higher sales is an enduring battle, he remains uber-mindful of different ways he might trim costs without hampering the quality and service that have become his 6-year-old establishment’s hallmark.

Darden: 'Significant Amount of Work Ahead' with Cheddar's

The only real kink in Darden’s performance right now is Cheddar’s Scratch Kitchen, the 157-unit chain it spent nearly $800 million on last April. Darden had to lower its sales outlook at the end of fiscal 2018 in anticipation of Cheddar’s drag on sales.

Tapping Into the Booming Industry of Business Travel Dining

Tune in to our webinar: Is Business Dining Your Restaurant's Silver Lining?Business travelers likely understand this frustration better than anyone else: When you’re far from familiar options at home, and with tens of thousands of restaurants to choose from, how is anybody expected to make a decision about where to eat?Yelp might help, or perhaps Google reviews, TripAdvisor or a colleague’s recommendation—the list goes on.

Stacked Sets Sights on National Growth after Sale

Two private-equity firms acquired five-unit Stacked, a tech-forward burger chain that specializes in customization, the companies announced September 10. Terms of the deal were not disclosed.Huntington Beach, California-based Stacked was founded in 2010 by Paul Motenko and Jerry Hennessy, the creators of 200-unit casual chain BJ’s Restaurants and Brewhouse.