Finance for Restaurants | Food Newsfeed


Is Red Robin Making a Comeback?

When sales and traffic turned negative for Red Robin in the fourth quarter of 2015, the casual dining chain looked to its most loyal guests for answers. Research within its Red Robin Royalty base showed four major concerns: Speed and quality of service; value perception; ineffective advertising; and, lastly, the absence of carryout and delivery.

J. Alexander’s Agrees to Acquire Ninety Nine Restaurant & Pub

J. Alexander’s Holdings, Inc., parent company of J. Alexander’s, Redlands Grill, Stoney River Steakhouse and Grill, and Lyndhurst Grill, announced it entered into a definitive agreement to acquire 99 Restaurants, LLC in an all-stock transaction valued at about $199 million.

Chuy's Avoiding 'Silver Bullets' as Sales Decline

Tex-Mex casual dining chain Chuy’s Holdings disappointed investors in its financial report Thursday when it announced its third straight quarter of same-store comparable sales decreases, falling by 1 percent.

As Expected, Sales Slide at The Cheesecake Factory

Call it a lack of communication. On Wednesday afternoon, following The Cheesecake Factory’s earnings review, the brand responded to its first negative gains after 29 positive quarters with a leveled view.

How BJ's Restaurants is Tackling 'Tall Industry Challenges'

BJ’s Restaurants was off to a strong second quarter before mid-May arrived. That’s when business started to soften and “tall industry challenges” weighed down the casual dining chain, which has seen its same-store sales decline for five straight quarters.

'Historically High' Wings Cripple Sales at Buffalo Wild Wings

Predications of a rough second-quarter review for Buffalo Wild Wings crashed into reality Wednesday afternoon, with the chicken-wing chain reporting “disappointing” results and negative same-store sales that brought yet even more questions bubbling to the surface.

Why Customers are Flocking Back to Outback Steakhouse

When it comes to the health and progress of Bloomin’ Brands, modest sales growth at its most recognizable brand doesn’t quite sum it up, said CEO Liz Smith in a conference call Wednesday. Rather the buzzword was traffic, and how increased guest counts and engagement are positioning the company for long-term prosperity amid an increasingly challenging landscape.

Restaurants Post Best Quarter of Sales and Traffic Since 2016

While restaurant industry performance has been dismal for the past six quarters, June’s results provided a bit of good news.The month’s sales and traffic growth were the best monthly performance since January, and the second quarter of 2017 posted the best results since the second quarter of 2016, according to TDn2K’s Restaurant Industry Snapshot.

Prominent Private-Equity Firm Buys Jim ‘N Nick’s Bar-B-Q

Prominent private-equity firm Roark Capital Group added Alabama-based Jim ‘N Nick’s Bar-B-Q to its portfolio. Terms of the transaction were not disclosed.Roark Capital Group announced that its affiliate acquired a majority stake in the 37-unit chain, which started in 1985 and has since spread to seven states, including Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina, and Tennessee.

3 Reasons Darden is Crushing the Competition

Darden Brands reported its Q4 2017 earnings Tuesday and, yet again, the company’s premier restaurants are outperforming the casual dining segment.Olive Garden posted a 4.4 percent same-store sales increase—its 11th consecutive quarter of growth—while LongHorn Steakhouse reported its 17th consecutive quarter of same-stores sales growth and an increase of 3.

Darden, Olive Garden Continue to Demolish Expectations

Behind the sales metrics and calculations driving Darden forward is a much simpler story. During a conference call Tuesday, CEO Gene Lee recalled the landscape three years prior. LongHorn Steakhouse and Olive Garden were standing at the terminal with suitcases full of luggage and zero chance of fitting them in the overhead bin.

Restaurant Sales Continued to Decline in May

While positive signs are emerging, the restaurant industry remains a volatile environment for operators, as May’s results showed. Same-store sales declined 1.1 percent across chain restaurants—a 0.