Cracker Barrel reported its earnings for the second fiscal quarter of 2018 on February 20, outperforming industry estimates and carrying forward momentum from the first quarter.Restaurant and retail sales boomed for Cracker Barrel, which outperformed the casual dining industry as a whole during the quarter.
Fogo de Chão, Inc. announced Tuesday it has entered into an agreement to be acquired by Rhône Capital in an all-cash deal valued at $560 million, or $15.75 per share. The figure represents a 25.5 percent premium to the company’s closing shares on February 16.
Exclusive new research from Nielsen CGA reveals that bars and restaurants in the U.S. saw average sales drop around a third on Super Bowl Sunday (February 4) compared to the Sunday before (January 28).
The U.S. restaurant count reached 647,288 in fall of 2017, a 2 percent decrease in units from a year ago, based on a recent restaurant census conducted by The NPD Group, a leading global information company.
Denny’s began 2017 on rocky footing, just like most of its casual-dining peers. But widespread upgrades, especially on the digital front, helped the brand bounce back and keep its positive sales streak in tact.
January froze some of the restaurant industry’s recent sales momentum, but it might not be time to sound the alarm just yet. TDn2K’s latest The Restaurant Industry Snapshot, which gathers data from weekly sales of more than 30,000 restaurant units and 170-plus brands, showed same-store sales declines of 0.
When Cowlaboration #8 dropped last December, Luke Shimp could only smile.The owner of Red Cow, a four-unit, Minneapolis-based chain, Shimp knew the company’s latest collaboration with a local brewery—a ruby-red cranberry sour developed with nearby Indeed Brewing Company—represented the continuation of an innovative endeavor that has propelled Red Cow’s marketplace standing and performance.
Buffalo Wild Wings is just the first piece of a potential restaurant empire. Arby’s Restaurant Group’s $2.9 billion deal, which closed Monday, will signal the beginning of Inspire Brands Inc., chief executive Paul Brown told The Wall Street Journal.
A special meeting of shareholders appears to have ended the proposed merger of J. Alexander’s and Ninety Nine Restaurant & Pub. Shareholders voted down the deal, the company announced Thursday, saying it “expects that the merger agreement will be terminated.
Private-equity firm Sentinel Capital Partners announced Thursday it has sold Huddle House, Inc., the leading franchisor of the 54-year-old family-dining chain, to Elysium Management. Terms of the deal were not disclosed.
The second quarter was meaningful for Brinker International on a variety of fronts. But for the parent company of Chili’s and Maggiano’s Little Italy, one topic trumped the others: It was the first full period in Chili’s self-described “turnaround strategy.
Brinker International saw its business track upward in the second quarter, perhaps providing early proof that recent traffic-driving initiatives are paying dividends. On a per-share basis, the parent company of Chili’s and Maggiano’s Little Italy posted profit of 54 cents, or net income of 25.
Trinity Capital, a Los Angeles-based investment banking advisory firm, announced the completion of over 25 transactions in 2017. Transactions included sell-side and buy-side mergers and acquisitions, restructurings and recapitalizations of restaurant and foodservice companies nationwide.
The chicken wing is poised for a big payday in Super Bowl LII. The National Chicken Council released its annual Chicken Wing Report Thursday, and it appears, against all odds, that 2018 is going to be the tailgating staple’s best yet.