It isn’t every day a restaurant brand turns 50. Red Lobster doesn’t consider itself your everyday restaurant, either. It made sense then for the casual-dining leader to roll out a sweepstakes that was anything but ordinary to mark the occasion.
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.
TGI Fridays goal to completely overhaul its menu by the end of 2018 hit another milestone Wednesday (February 7). The casual-dining brand debuted its new Fire-Grilled Meats at all locations, meaning more than half of the menu is now revamped.
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.
The executive reshaping of Applebee's continues. The country’s largest casual-dining chain announced Tuesday that Joel Yashinsky joined the company as senior vice president and chief marketing officer.
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.