Shares of DineEquity soared early Thursday following its third-quarter earnings, perhaps injecting some much-needed optimism into one of America’s iconic casual dining leaders.The parent company of Applebee’s and IHOP saw its stock rise as much 10 percent to start the day.
US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the third quarter and first nine months of fiscal 2017.Third Quarter HighlightsTotal case volume increased 2.
Red Robin will hit pause on its growth come 2018, halting future openings and turning its focus inward for 18–24 months, CEO Denny Marie Post said late Monday afternoon. Along with disappointing metrics that underwhelmed Wall Street, the news sent shares of the casual dining brand plummeting after hours.
Although 220 Denny’s restaurants were impacted by Hurricane Harvey, Irma, and Maria in Texas, Florida, Georgia, South Carolina, and Puerto Rico, the chain still posted positive sales gains for the third quarter.
Ruth’s Hospitality Group, Inc. reported unaudited financial results for its third quarter ended September 24.Highlights for the third quarter of 2017 were as follows:The company reported net income of $1.
Chuy’s Holdings Inc.’s stocks are up more than 8 percent heading into the lunch hour after the brand reported Thursday that despite an estimated $1.2 million loss in both sales and incremental costs associated with hurricanes Harvey and Irma, revenue grew by 7.
Investments made by Bloomin’ Brands to improve the customer experience at Outback Steakhouse has resulted in the first quarter of improved traffic since 2016.Same-store sales were up 0.6 percent at the steakhouse chain, while traffic increased 0.
Salis Holdings announced the acquisition of Ted’s Bulletin, adding to the rapidly growing list of hospitality brands acquired by owner Steve Salis and his executive team under his holding company. Ted’s Bulletin, with five locations across D.
MacKenzie River, the flagship restaurant of the Glacier Restaurant Group, has shown strong growth since it was established in 1993, with the ambiance of the greater Northwest. The casual rustic atmosphere that depicts the heart and soul of the Rocky Mountains continues to appeal to guests nationwide as the restaurant chain expands in new and existing markets while opening four new locations in 2017: Rapid City, SD; Crestview Hills, KY; Las Vegas, NV; and Beavercreek, OH.
Four Corners Property Trust, a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of five Red Lobster properties in Ohio (2), Michigan, Pennsylvania, and Georgia for $19.
Since 1991, Dallas-based Razzoo’s has expanded slowly, methodically and predominantly under the radar. However, continued strength with the company’s core brand, Razzoo’s Cajun Café, and enthusiastic demand for their newest concept, Tricky Fish, has encouraged management to seek structured outside funding for the first time in corporate history.
After 29 consecutive positive quarters of sales growth, The Cheesecake Factory has started another streak—one it hopes to remedy sooner than later. For the second straight quarter, the chain reported negative same-store sales.
Chili’s traffic fell nearly 9 percent during the first quarter of its fiscal 2018, which the brand attributed primarily to hurricanes Irma and Harvey. The traffic decline coincided with a 3.4 percent drop in same-store sales, compared to a 1.
FAT Brands Inc. announced that it has successfully completed the acquisition of Homestyle Dining LLC, the parent company to the Ponderosa Steakhouse and Bonanza Steakhouse brands, for $10.5 million. With the acquisition of Ponderosa and Bonanza, FAT Brands’ franchisees now operate more than 300 restaurants around the globe with system-wide sales exceeding $300 million.
Each quarter, it feels like Texas Roadhouse stomps on another restaurant buzzword. This time, the 540-unit-plus chain dismissed the notion of a loyalty program, saying it would be “inappropriate” for the brand to explore it at this time.