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Del Frisco's Announces Pricing of Secondary Public Offering

Del Frisco's Restaurant Group, Inc. the owner and operator of the Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille restaurant concepts, announced the pricing of a registered secondary public offering of 5,386,667 shares of common stock.

High-priced Adult Beverages Grow On-Premise

Premium adult beverages are providing momentum to the on-premise channel despite cautious consumers. Higher-priced spirits and beer categories in particular are growing in restaurants and bars, although the channel is slowing overall according to Technomic's just-released 2013 BarTAB Report.

RPI Hit a Four-Month High in October

Fueled by stronger same-store sales and traffic and a more optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose to a four-month high in October.

Import Wine Takes Share from Domestics

While Domestic Wine volumes in restaurants & bars in the United States outnumber Imports by about 2:1, Imports have been steadily taking share from Domestics throughout 2013 on the strength of wines imported from Italy, Argentina, and New Zealand: While Domestics account for 65.

Bulleit is Among the Fastest Growing Spirits Brands

As evidence that Diageo’s push behind its Bulleit brand is yielding positive results, GuestMetric’s data indicates the brand has entered the ranks of the fastest growing spirits brands in the on-premise space:Ø  Consistent with the commentary provided by Diageo management recently, Bulleit’s volumes have grown 71 percent (consumer take away) in the on-premise space over the course of 2013 through November 3rd compared to the same period in the prior year (slightly more modest than the depletion figures provided by management recently which likely includes inventory building at new on-premise locations).

On-premise Trends Performed Best Since August

GuestMetrics’ data indicates trends for full service restaurants and bars showed some signs of improvement during the 4 weeks ending November 3rd. Overall traffic to full service restaurants and bars was -1.

Chain Restaurant Food Costs to Ease in 2014

The cost of food products that chain restaurants use will increase overall by 2 percent in 2014, according to the newly released purchasing cost outlook by SpenDiffeerence, LLC, the rapidly growing chain-restaurant purchasing cooperative.

Pinot Noir Overtakes Merlot in Restaurant Science's Study

Restaurant Sciences LLC, an independent firm that closely tracks food and beverage product sales throughout the foodservice industry in North America, released its annual Wine-By-the-Glass Price Study, revealing several shifts in wine-by-the-glass popularity in the first three quarters of 2013.

Largest Brands Losing Share in Alcohol Categories

Based on data from GuestMetrics, the largest brands that accounted for around 25 percent of category volumes at the beginning of 2012 have all lost share since then, though at different rates and for different reasons.

Spirits Continue to Gain Share in On-Premise

All three alcohol categories had their weakest volume performance thus far in the year in 3Q.  Spirits volumes were -2.4 percent in 1Q13, improved to -1.4 percent in 2Q13, but softened to -3.1 percent in 3Q13, and were even softer at -3.

Taxing Hospitality

State Taxes on Beer, Wine, and Spirits (Excise Tax Rates by Dollar per Gallon)Highest Taxing StatesWine Kentucky $3.16 Alaska $2.50 Florida $2.25 Iowa $1.75 Alabama $1.70Spirits Washington $35.22 Oregon $22.

Alternative Financing

When Greg Seares wanted to update his 10-year-old Bodega Wine Bar in Santa Monica, California, his bank wouldn’t lend him the money to renovate.It was a stunner for the restaurateur, who also has a successful Bodega in Pasadena and a longstanding relationship with the bank.