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.
Following a promising third quarter due to initiatives like off-premise sales and value offerings, BJ’s Restaurants and Brewhouse remains optimistic about its plans to bring the concept to more markets nationwide.
High chicken wing costs are still plaguing Buffalo Wild Wings.The company reported a Q3 net earnings decrease of nearly 20 percent Wednesday as its cost of sales rose to 30.8 percent of restaurant sales from 28.
Mac Acquisition LLC, the owner of Romano’s Macaroni Grill, filed for chapter 11 bankruptcy protection Wednesday, citing a shift in customer preference and an “overall downturn for the casual dining industry.
Like many restaurant brands across the nation, Fogo de Chão felt the financial strain of Mother Nature in the third quarter. The chain, which has 36 restaurants in the U.S. to go along with nine in Brazil, two joint ventures in Mexico, and a joint venture in Jeddah, Saudi Arabia, released its preliminarily, unaudited financial results Wednesday for the period ended October 1.
Business travelers likely understand this frustration better than anyone else: When you’re far from familiar options at home, and with tens of thousands of restaurants to choose from, how is anybody expected to make a decision about where to eat?Yelp might help, or perhaps Google reviews, TripAdvisor or a colleague’s recommendation—the list goes on.
Struggling casual dining chain Ruby Tuesday is being purchased by private equity group NRD Capital in a deal valued at $146 million.The price, at $2.40 per share, is a 37 percent premium over Ruby Tuesday’s closing share price on March 13, the day before the company said it would explore strategic alternatives.
Mother Nature fractured the restaurant industry’s overall performance in recent months. That’s the obvious fact, but what does the data tell us about the health of the business as a whole? On Friday, TDn2K released its latest Restaurant Industry Snapshot, which gathers weekly sales data from nearly 30,000 restaurant units to provide a vitals check.