Springtime in New York just got a whole lot more interesting. Forget the federal government, the Big Apple announced Thursday that it plans to enforce the same calorie-labeling laws recently delayed (again) by the Food and Drug Administration.
Ignite Restaurant Group’s Securities and Exchange Commission filings revealed some alarming sales declines during what appears to be a transitional period for the parent company of Joe’s Crab Shack and Brick House Tavern.
In the next 12 to 24 months, company-owned Famous Dave’s will be a thing of the past. But in the meantime, the chain could close additional stores, CEO Mike Lister said in a conference call.The 173-unit chain reported comparable-restaurant sales declines of 4.
Red Robin CEO Denny Marie Post addressed the “hot topic of off-premise” business during the company’s first-quarter earnings call on Tuesday afternoon. The conversation took place as shares of Red Robin jumped more than 15 percent in late trading following a better-than-expected report and boosted guidance.
Brand equity is no longer movement-proof. The shifting demographics of the restaurant industry are finally catching up with companies, shows Harris Poll’s 29th edition of its annual EquiTrend Study. The data, which is collected from more than 100,000 U.
Buffalo Wild Wings believes the criticism levied against its brand by activist investor Marcato Capital Management is based on “flawed assumptions.” And in a letter sent to shareholders on Monday, the company presented a picture of what life could be like under a plan it calls “speculative, aggressive or simply impossible.
Ignite Restaurant Group, parent company of Joe’s Crab Shack and Brick House Tavern, could be on the verge of bankruptcy, according to Bloomberg, which cited “people familiar with the matter.” The article reported that the company was preparing to file as early as this week.
TripAdvisor’s days as a just a travel site are long gone. With the launch of Premium for Restaurants, which helps operators take control of their review pages, and an investment in San Francisco’s EatWith, it’s clear the company is forging ahead in the restaurant category.
Recently, I walked through a food truck rodeo alone. I’m not afraid to admit I was flying solo. I was going to bring my Basset hound until I recalled our last dinner date, which took place at a brewery on a sunny, cold afternoon.
Buffalo Wild Wings is fighting back. The casual dining chain, which has been under consistent fire from an activist investor in recent months, sent a letter to shareholders Thursday defending its company’s performance and strategic plans for growth.
The struggles of the retail industry, especially in malls, have been well documented. In the first quarter, nearly 3,000 retail stores closed, already beating the record highs of 2008, according to a Credit Suisse report.
The word volatile or volatility came up seven times during Denny’s first-quarter earnings call on Tuesday. As John Miller, president and chief executive officer said, the descriptor is an apt way to sum up the entire restaurant industry right now, as well as the challenging climate the brand faces as it looks to revitalizes one of America’s classic chains.
Shares of Texas Roadhouse soared to record highs Tuesday as investors digested the casual dining company’s better-than-expected first-quarter results. While Texas Roadhouse surprised analysts with the numbers, how it got there was far from complicated, executives explained in a conference call.
Restaurants unprepared for the Food and Drug Administration’s menu-labeling rule just got a reprieve. Again. For the third time, the controversial rule, which requires restaurants and other away-from-home food retailers to include calorie counts on menus and signage, was delayed.
Monday night’s James Beard Awards at the Lyric Opera of Chicago turned out to be a coronation for the city of Philadelphia.After four previous finalist finishes, Stephen Starr took home the Outstanding Restaurateur award.