For the first time since the second quarter of 2016, Famous Dave’s is back in the green. The barbecue chain reported net income of $998,000 in the first quarter, or 13 cents per share, compared to net loss of $1.
Kona Grill’s sales and traffic remain in the red. But can a summer of changes—both customer facing and internally—engineer a turnaround for the 46-unit brand?Perhaps the biggest move in recent months was Kona’s strategic investment with Nanyan Zheng, the magnate who grew Plateno Group into one of the world’s top five hotel companies with more than 4,400 locations.
Brinker International released a statement May 12 stating that an undisclosed amount of Chili’s guests had their payment card information compromised in a “data incident.” Brinker believes the incident was limited to between March–April 2018, however, the company continues to look into the scope of the breach.
“It’s not transactional. It’s experiential.”Given all of the changes imprinting the full-service restaurant industry, from off-premise to kiosks to mobile ordering and delivery, Matt Hood believes this mentality is what separates stale concepts from contenders.
The restaurant recovery is in full effect. TDn2K’s latest industry snapshot provided the most promising news in some time, as same-store sales grew 1.5 percent across the dining landscape—the best month since September 2015 based on sales growth.
It has been a nice run for casual dining lately. Credit off-premise. Tax reform. Better marketing. Perhaps even a more spender-friendly economy. Chuy’s president and chief executive officer Steve Hislop has an additional take.
Dine Brands hasn’t shied from sharing its long-term plans to fix what ails Applebee’s and IHOP. These broad customer-facing and executive changes, the company hopes, will allow the nation’s largest casual-dining chain to return to growth by the end of 2019.
Monday night’s James Beard Foundation Awards turned out to be a historic night. Among the big winners was Edouardo Jordan, whose JuneBaby took home Best New Restaurant, making him the first African-American chef in the Awards’ 28-year history to receive the honor.
Another Choice Hotels executive is joining the Dine Brands team. The parent company of Applebee’s and IHOP announced late Monday (May 7) the appointment of Thomas Song as chief financial officer, effective May 29.
May 7 marked the official start date for the oft-delayed menu-labeling laws. It took nearly a decade, but at last restaurants and other away-from-home food retailers are being required by federal obligation to include calorie counts on menus and signage.
Del Frisco’s first-quarter earnings came with a blockbuster announcement for the restaurant company. The parent company of Del Frisco’s Double Eagle Steakhouse, Del Frisco’s Grille, and Sullivan’s Steakhouse entered into a definitive agreement to acquire Barteca Restaurant Group for $325 million in cash.
Ted’s Montana Grill unveiled its biggest menu overhaul May 3 since being co-founded in 2002 by Ted Turner and restaurateur George McKerrow.The 45-unit brand, which claims to offer the world’s largest menu featuring bison and has restaurants in 16 states, spent six months analyzing current and lapsed-guest perceptions of its menu offerings, service, quality, and value.
We’ve seen the headlines:“Applebee’s Deserves to Die”— Eater.“Millennials are Killing Chains like Buffalo Wild Wings and Applebee’s.” — Business Insider.Dine Brands CEO Stephen Joyce’s response: Fake news.
Denny’s took a stock market hit Wednesday (May 2) following a first quarter that came up short in same-store sales, although the performance was split significantly between its company and franchised units.