Finance for Restaurants | Food Newsfeed


Bombshells Grows Sales Despite Hurricanes

RCI Hospitality Holdings, Inc. announced total and same-store sales for its Nightclubs and Bombshells restaurant segments for the fourth fiscal quarter ended September 30. The company plans to report complete 4Q17 results December 14, 2017.

The Ruby Slipper Café Climbs in Rankings

The Ruby Slipper Café was honored by Fortune and the Initiative for a Competitive Inner City (ICIC) as part of its 2017 Inner City 100 List. The café ranked 25 out of 100, up 21 spots from 2016 when it ranked 46.

Sales Rise at Bad Daddy’s Burger Bar in 4Q

Good Times Restaurants Inc., operator of Good Times Burgers & Frozen Custard, a regional quick-service restaurant chain focused on fresh, high-quality, all-natural products and of Bad Daddy’s Burger Bar, a full-service, upscale concept, announced that its Good Times’ same store sales increased 3.

Danny Meyer's Union Square Hospitality Group Raises Growth Equity Fund

Union Square Hospitality Group, the hospitality company founded by Danny Meyer, and owner of some of New York City’s most acclaimed and beloved restaurants, announced Monday that it has completed raising a strategic growth equity fund, Enlightened Hospitality Investments LP (EHI).

Why Cheddar's is Off to a Slow Start Under Darden

Hurricane Harvey made landfall on the final weekend of Darden’s first quarter. In that short time, the catastrophic storm left a pronounced impact on the casual dining company’s bottom line. Rick Cardenas, Darden’s senior vice president and CFO, said during a conference call that the day before Harvey hit Texas, where Darden has 99 total units across its brands (including 47 Cheddar’s Scratch Kitchen locations), same-restaurant sales for the quarter were up 2 percent.

Darden Reports Weaker-Than-Expected First Quarter

Darden’s impressive momentum slipped a bit Tuesday as the company reported weaker-than-expected numbers in the first quarter, sending shares of the Olive Garden and LongHorn Steakhouse parent down 3.

A Restaurant's Survival Guide to Natural Disasters

The news has been hard to miss lately. Four major hurricanes hurtled toward American shores, knocking out power, flooding buildings, and ruining lives and businesses in one fell swoop.And many experts agree these catastrophic events are only going to get worse and more frequent.

Expert: 'No One Wants to Buy' Ruby Tuesday

Rumors of a possible Ruby Tuesday sale have swirled for months. To some investors, the move has felt inevitable, especially as the casual dining chain continues a strategic evaluation process that has stretched more than six months.

What to Do About Those Insane Chicken Wing Prices

The rising cost of chicken wings has put so much pressure on Buffalo Wings & Rings that executives formed an in-house chicken task force to find ways to tackle the problem. “We meet every week to just go through and find out what we can do to alleviate some of the pressure,” says Tom Jenkins, director of franchise operations.

Bob Evans Farms Being Sold for $1.5 Billion

Bob Evans Farms’ shares soared Tuesday after Post Holding Inc., the company that makes Honey Bunches of Oats and Grape-Nuts cereals, announced it was buying the company for about $1.5 billion.Bob Evans’ stock rose more than 6 percent to $77.

Restaurant Leaders Launch Off-Premises Advocacy Group

A group of restaurant industry leaders have united to create the Catering Council for Multi-Unit Restaurant Operators, an advocacy group focused on addressing regulations, policies, technological changes and best practices in the ‘off-premise’ segment, including takeout, delivery and catering.

Can Cracker Barrel Survive America's Retail Crisis?

Viewed against the challenging backdrop of casual dining, Cracker Barrel’s restaurant sales aren’t all that concerning. In the fourth quarter, the iconic brand saw a 0.8 percent drop in comps, punctuated by a rough May where sales fell 2.

Dave & Buster’s is Facing More Competition Than Ever Before

Sales and growth remained in positive territory for Dave & Buster’s in the second quarter. That wasn’t enough to quell Wall Street disappointment, however, as shares of the entertainment-dining brand initially plunged 7 percent late Tuesday and continued to drop through midday Wednesday.