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Industry Salaries and Bonuses on the Rise

Last week, People Report released results from the compensation portion of the 2013 Corporate Compensation and Benefits survey. Results showed salaries for restaurant hourly and corporate positions budgeted to increase on average by as much as 2.

FSR 50: Top 10 Casual-Dining Chains

Casual dining, where checks average $12 to $50 and there is some alcohol service, is still clawing out of a deep hole that saw customers trading down to quick service and fast casual. However, in 2012 this sector captured sales and unit growth, and continues to reassert itself in the American consumers' consciousness.

FSR 50: Top 10 Family-Dining Chains

Family dining—typically defined by check averages below $12 and with very limited or no alcohol service—faces an all-out battle for relevancy amid sharpening competition and shifting consumer-dining habits.

FSR 50: Top 10 Restaurant Groups

The nation's top 10 restaurant groups collectively managed more than $33 billion in 2012 revenues and more than 12,000 restaurants .From DineEquity's completed push to franchise 99 percent of the Applebee's system to the retirement of venerable Ruby Tuesday executive Sandy Beall, America's highest-performing restaurant groups made waves of strategic plays to bolster relevancy, heighten profitability, and attract guests.

FSR 50: Top 10 Upscale-Dining Chains

Upscale dining, characterized primarily by dinner-focused concepts with extensive beverage programs and check averages above $50, was battered by the recession's money-saving realities. But things are finally looking up for the restaurant industry's upscale-dining stalwarts—with sales growth and unit growth in 2012 among most of the segment's major players.

The Meat House Names New CFO

The Meat House announces the appointment of Douglas Tate as Chief Financial Officer.Anchored by more than 30 years of strategic operating experience, Tate will be a key member of The Meat House’s executive team and lead all aspects of the company’s financial strategies.

Beer and Spirits Volumes Improve in 2Q, Wine Slows

According to GuestMetrics, food & beverage sales at table service restaurants and bars through mid-June 2013 lost some of the improvement seen towards the beginning of 2Q13.  While total F&B sales were up +1.

Restaurants Expand Label into Grocery Stores

Shula’s Steakhouse and La Tasca announced plans to expand their respective brands into the mainstream retail distribution with leading global brand licensing agency Beanstalk.Starting with extension in key food categories inspired by La Tasca’s head chef Antony Bennett’s most popular dishes, Beanstalk will also be looking for licensing partners for La Tasca in non-food classifications such as cookware, publishing and gift items.

First Watch Hires New Chief Financial Offer

Award-winning Breakfast, Brunch, and Lunch restaurant First Watch today announced the hiring of Paul Hineman as chief financial officer.Hineman joins First Watch with 20 years experience in the restaurant and finance industry.

Restaurant Sales Continued to Rise in May

Black Box Intelligence and People Report released The Restaurant Industry Snapshot for May, reporting a third straight month of positive sales.   

Same-store sales were +0.8 percent in May, an improvement over April’s result of +0.