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FAT Brands Completes Acquisition of Johnny Rockets, Increases Securitization Facility to $80 Million

FAT (Fresh. Authentic. Tasty.) Brands Inc. announced today that it has completed the acquisition of Johnny Rockets from an affiliate of private equity firm Sun Capital Partners, Inc. for a purchase price of approximately $25 million. The transaction was funded with proceeds from an increase in the Company’s securitization facility. With the acquisition of Johnny Rockets, FAT Brands now franchises more than 700 restaurants around the globe in more than 30 countries with annual system-wide sales exceeding $700 million...

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Sep 22 8:18 AM, General News



Top Plant-based Protein Producers Make Expansion, Distribution Efforts

A pair of companies leading the way for the plant-based protein industry, Beyond Meat and Impossible Foods both announced moves to boost their presence in the retail and foodservice landscape.

On Monday, Beyond Meat announced it will double the distribution of its Beyond Breakfast Sausage Patties. The company said the product will be available in additional Kroger, Super Target, Walmart, Publix and Harris Teeter stores by the end of the month.

“Following the initial release of our Beyond Breakfast Sausage Patties at retailers earlier this year, we heard an enthusiastic and overwhelmingly positive response from consumers who asked for increased availability,” said Chuck Muth, Chief Growth Officer, Beyond Meat...

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Sep 21 9:51 AM, General News


Cracker Barrel Reports Fourth Quarter and Full Year Fiscal 2020 Results

Cracker Barrel Old Country Store reported its financial results for the fourth quarter of fiscal 2020 ended July 31, 2020 and provided an update regarding the impact of the COVID-19 pandemic on the Company's business.

Fourth Quarter Fiscal 2020 Highlights

  • Dining room service gradually returned during the first two months of the quarter, and by the end of June, substantially all dining rooms were open at varying levels of reduced capacity.
  • Comparable store restaurant and retail sales both improved sequentially each month during the quarter. Comparable store restaurant sales decreased...
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Sep 16 8:17 AM, General News


Outback Steakhouse Introduces New Menu Items

Outback Steakhouse is giving steak lovers something to celebrate – more options and lower prices. The steakhouse’s updated menu features innovative flavors and new dishes to please any steak lover’s palate, all at a more competitive price point.

Our team members are so excited to serve this new menu to our guests. After operating on a limited menu, we are bringing back some favorite items as well as some new additions, quality improvements and...

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Sep 2 8:21 AM, General News


Cracker Barrel Old Country Store Offers Menu Enhancements to Kick Off Fall 

Cracker Barrel Old Country Store announced it will welcome fall with new menu additions and limited-time seasonal items, including offering a classic comfort-food staple, Chicken Pot Pie, everyday.

In addition to the updated homestyle Chicken Pot Pie recipe, families can now enjoy a refreshed Kid's Menu and, for a limited time, they can savor the warmth of new seasonal beverages as well as the familiarity of a timeless dessert, Carrot Cake.

"Cracker Barrel has always been known as a place where families come together to connect," said Cracker Barrel Vice President of Culinary and Menu Strategy Cammie Spillyards-Schaefer. "As we move into this next season and continue to...

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Aug 27 8:20 AM, General News


U.S. Restaurant Chain Transaction Declines Improve Into Single-Digits for the First Time Since March

In the week ending August 16, customer transaction declines at major restaurant chains improved into the single-digits after 21 weeks of double-digit declines, reports The NPD Group.

Customer transactions were down 9% in week ending August 16 compared to year ago, a 35-point gain from the steepest decline of 44% in week ending April 12, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Aug 27 8:19 AM, General News


ANALYSIS: Chicken Tenders: Rolling With the Punches

2020’s chicken market has been a far cry from conventional and the tender segment is no exception...

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Aug 14 8:23 AM, Urner Barry


Red Robin Reports Results for the Second Quarter of 2020

Red Robin Gourmet Burgers, Inc. reported financial results for the quarter ended July 12, 2020.

Second Quarter 2020 Financial Summary Compared to Second Quarter 2019

  • Total revenues were $161.1 million, a decrease of 47.7%, primarily resulting from our operational shift in response to COVID-19, including limited occupant capacity as we reopen dining rooms, operating an off-premise only model at our restaurants with closed dining rooms, and closed restaurants;
  • Comparable restaurant revenue decreased 41.4%;
  • Comparable average Guest check decreased 2.9%, resulting from a 5.7% decrease from...
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Aug 14 8:21 AM, General News


FAT Brands Announces Planned Acquisition of Johnny Rockets

FAT (Fresh. Authentic. Tasty.) Brands Inc. announced that it has agreed to acquire the Johnny Rockets restaurant chain from an affiliate of private equity firm Sun Capital Partners, Inc. for approximately $25 million. The deal will be funded through cash on hand and proceeds generated from the Company’s securitization facility. The purchase is expected to be completed in September 2020. With the acquisition of Johnny Rockets, FAT Brands will have more than 700 franchised and company owned restaurants around the globe with annual system-wide sales exceeding $700 million.

Johnny Rockets was founded in 1986 with its first location on the iconic Melrose Avenue in Los Angeles, California. Known for its 1950s diner style décor, the chain serves up...

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Aug 14 8:20 AM, General News


U.S. Restaurant Chain Customer Transaction Declines Remain Relatively Flat

U.S. major restaurant chain customer transactions were down 11% in the week ending July 26 versus year ago, reports The NPD Group. This is a modest improvement from the 12% decline versus year ago in the prior week, and a continuation of the relatively flat pattern seen over the last several weeks, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S.

Customer transactions at major quick service restaurant chains were down 11% in the week ending July 26 compared to a year ago and were flat from the prior week, week ending July 19. Full service restaurants improved slightly with customer transactions down...

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Aug 5 8:23 AM, General News


Dine Brands Global Reports Second Quarter 2020 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the second quarter of 2020.

“As we continue to navigate through the challenges currently facing our industry, we have remained resolute in our focus to return to growth. Throughout the second quarter, weekly comparable sales and traffic at both Applebee’s and IHOP improved as state and local governments began to ease restrictions on dining room operations. This, coupled with the significant growth of our brands’ off-premise business, contributed to...

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Jul 30 8:31 AM, General News


Wingstop Reports Fiscal Second Quarter 2020 Financial Results

Wingstop announced financial results for the fiscal second quarter ended June 27, 2020.

"I am very proud of our team members and brand partners and the extraordinary results we achieved against a challenging backdrop. We benefited from a steadfast focus on expanding our digital business and leveraging delivery to make it seamless for fans to access the craveable flavors of our fresh, cook-to-order wings, fries and sides," commented Charlie Morrison, Chairman and Chief Executive Officer of Wingstop. "Despite the unprecedented circumstances, we opened 23 net new restaurants which highlights...

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Jul 30 8:30 AM, General News


U.S. Restaurant Industry Recovery Stalls with No Improvement in Transaction Declines in Six Weeks

COVID case surges across the country and the subsequent rollbacks in re-opening plans have stalled the U.S. restaurant industry’s recovery, reports The NPD Group. Major restaurant chain customer transaction declines have been between 11% and 14% versus a year ago since the second week of June compared to the steady improvement in declines from the last week in April through the second week in June.

In the week ending July 19, major restaurant chain total customer transactions are down 12% versus year ago, compared to 14% in the prior week, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing...

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Jul 29 8:22 AM, General News


Applebee's to Celebrate National Chicken Wing Day with Special Offer 

This Wednesday, Applebee's is celebrating National Chicken Wing Day. On July 29th, Applebee's is offering guests buy one, get one free for to go or delivery on any of its wing options. The offer is valid for online orders only, which consumers can place through the restaurant's website or app for carside pickup or delivery.

Guests can choose from two orders of boneless, two orders of bone-in, or one of each. Once added to the cart, consumers should enter WINGDAY at checkout to get the deal. Options include...

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Jul 28 8:19 AM, General News


Denny's Announces Free Delivery for the Remainder of 2020 

Denny's announced the opportunity for all Rewards members to receive free delivery for the rest of the year through the Denny's on Demand platform.

Denny's Rewards members just need to place an order between July 27 – August 9 and they will receive a weekly coupon via email to be redeemed for free delivery once a week until the end of 2020. Non-Rewards members can still get in on the free delivery action by signing up for Denny's Rewards and placing an order between July 27 – August 9.

"Over the past several months as in-restaurant dining has been in a state of change due to COVID-19, we have seen...

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Jul 28 8:18 AM, General News


Hard Rock Cafe Announces Free Delivery Promotion Through July 28 in Partnership with Grubhub

Hard Rock Cafe announced participating U.S. locations are offering free delivery on orders of $10 or more now through July 28 in partnership with Grubhub, to bring guests' favorite Hard Rock Cafe dishes directly to their home.

Guests looking to place an order for delivery or takeout are encouraged to visit www.hardrockcafe.com or Grubhub.com to view the menu and make a selection. Diners can then place their order through Hard Rock Cafe or Grubhub's website, as well as Grubhub's mobile app.

In addition to the limited-time delivery promotion, Hard Rock is offering a free kids meal with purchase of an adult entrée. Kids menu favorites include...

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Jul 23 8:22 AM, General News


Dine Brands Global Appoints Michael Hyter as Member of Board of Directors

The Board of Directors of Dine Brands Global, Inc. announced the appointment of Michael Hyter as a new independent member of its Board of Directors.

Hyter, 63, served as Managing Partner of the Korn Ferry International, Washington D.C. office since 2012 and played an instrumental role in growing the breadth of their D.C. operation. He was recently appointed Chief Diversity Officer for Korn Ferry International.

Hyter has more than 25 years of entrepreneurial and business experience working closely with Fortune 1000 executives and boards to help their organizations thrive; leading and advising complex, global companies and...

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Jul 16 8:21 AM, General News


U.S. Quick Service Restaurant Chains Fuel Improvement in Customer Transaction Declines

Customer transactions at major U.S. restaurant chains declined by 10% in the week ending July 5 compared to same period year ago, an improvement over last week’s decline of 14%, reports The NPD Group. All of the improvement in the week sources to major quick service restaurant chains (QSRs) where customer transaction declines improved by 4-points from the prior week’s decline of 13% versus year ago.

Full service restaurants (FSRs) continued to struggle in the week with customer transactions down 30% compared to year ago, a 5-point decline from the prior week, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Jul 15 8:23 AM, General News


Applebee's Brings Back Irresist-A-Bowls

Applebee’s is reintroducing Applebee’s Irresist-A-Bowls as the official entrée to welcome guests back into dining rooms across the country.

Each Irresist-A-Bowl comes overflowing with mouthwatering flavor, including the Southwest Chicken Bowl, with the option to upgrade to steak, featuring mixed greens and cilantro rice, topped high with house-made pico de gallo, black bean corn salsa and guacamole. The return of the Tex-Mex Shrimp Bowl is also featured on the menu, as well as the Homestyle Chicken Bowl which is now served with breaded pieces of tender boneless chicken.

“We are excited to ‘Welcome Back’ guests with three great new Irresist-A-Bowls all featured at $7.99. Whether in our restaurants, through Applebee’s To Go or by Delivery, all of our guests can enjoy these...

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Jul 8 8:22 AM, General News


COVID-19 Case Spikes Continue to Hinder U.S. Restaurant Recovery in Week Ending June 28

The recovery of U.S. restaurant customer transactions has stalled for the second week in a row as COVID-19 cases continue to increase in a number of states, reports The NPD Group. For the week ending June 28, total customer transactions at major U.S. restaurant chains are down 14% versus the same week a year ago.

Last week, week ending June 21, total transactions were down 13% versus year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 72 quick service, fast casual, midscale, and casual dining chains.

The rise in COVID-19 case counts is causing local and state authorities to delay reopening, and in some cases, reinstating on-premise restaurant dining restrictions. In Texas, for example, restaurants may continue to...

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Jul 8 8:20 AM, General News


Bloomin’ Brands Announces Board of Directors Changes

Bloomin’ Brands, Inc. and JANA Partners LLC announced the addition of John P. Gainor, Jr. and Lawrence V. Jackson to the Bloomin’ Brands Board of Directors. In April, the two companies announced an agreement that included an increase to the size of the Board to ten members. The new positions filled by Gainor and Jackson became effective July 1, 2020.

Gainor served as the President and Chief Executive Officer (CEO) of International Dairy Queen, a franchisor of quick service restaurants, and a subsidiary of Berkshire Hathaway from 2008 until he retired in 2017. He joined Dairy Queen in 2003 and served as the Chief Supply Chain Officer prior to his role as CEO. Gainor is also a member of the Board of Directors for Jack in the Box, Inc. and Saia, Inc.

Jackson served as President and CEO of Global Procurement and Executive Vice President and Chief People Officer at Walmart, and in various executive roles at...

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Jul 6 8:20 AM, General News


Wingstop Opens First Ghost Kitchen in U.S.

Wingstop has announced the opening of its first domestic ghost kitchen located in the brand’s hometown of Dallas.

At the onset of COVID-19 in March 2020, Wingstop moved quickly to close its dining rooms and shift to 100% off-premise. Wingstop was well-positioned based on its pre-COVID investments in digital and technology platforms, allowing for the brand to seamlessly shift from 80% off-premise and adapt to the change in consumers’ dining behaviors. The resiliency of Wingstop was demonstrated in its April 2020 same-store sales growth of 33.4% and 65% digital sales, which included a delivery sales mix of more than 30% of total sales.

“We have a goal to digitize 100% of transactions as we drive to become a top 10 global restaurant brand and we believe ghost kitchens are a great step for the brand as...

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Jul 6 8:20 AM, General News


Denny's Corporation and its Franchisees Hiring 10,000 Restaurant Employees Nationwide

Denny's announced its plans to hire 10,000 restaurant-level employees at both company and franchise operated restaurants across the United States by the end of 2020. The COVID-19 pandemic has caused unemployment to rise, impacting countless Americans, and Denny's is committed to helping people get back to work. Denny's Corporation and its franchisees are helping to jumpstart hiring across the U.S., by providing job opportunities to future employees.

With dine-in restrictions lifting and guests returning to restaurants as well as taking advantage of takeout and delivery options, Denny's is encouraging people, especially those in the severely impacted restaurant industry, to apply for a position at one of its franchises or company-owned restaurants around the country. As demand for dine-in service grows, Denny's hopes to employ jobseekers from a variety of diverse backgrounds, boost morale in local communities and play a part in the nationwide effort to...

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Jul 6 8:19 AM, General News


After Two Months of Steady Improvements, Restaurant Recovery Hits a Bump as COVID-19 Cases Surge

Customer transactions at major U.S. restaurant chains declined by 13% in the week ending June 21 versus the same week a year ago, which is slightly softer than the 12% decline in the previous week, reports The NPD Group. This is the first time since the week ending April 12 there has not been an improvement in the year-over-year trend. COVID-19 case surges in a number of states contributed to the backtrack in decline improvements. The current period also included Father’s Day, which unlike Mother’s Day, is more of a backyard BBQ occasion than a restaurant dining event.

With new COVID-19 cases suddenly surging across multiple states, some of the states that have been reporting the highest number of new cases experienced steeper declines in major restaurant chain customer transactions in week ending June 21. Arizona, with a well-publicized surge in cases, saw a 5-point decline in...

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Jul 2 8:21 AM, General News


Darden Restaurants Reports Financial Results and Provides 2021 First Quarter Outlook

Darden Restaurants, Inc., reported its financial results for the fourth quarter and fiscal year ended May 31, 2020, which included a 53rd week of operations compared to 52 weeks last year.

Statement from Gene Lee, CEO:

"The strategy we put in place five years ago helped us successfully navigate one of the most challenging periods in our Company's history. When our dining rooms closed, our operators did an amazing job of reimagining the guest experience by staying true to our back-to-basics operating philosophy.

We benefited greatly from our competitive advantages that form the foundation of our strategy, especially our scale and our culture. Our scale allowed us to quickly react to...

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Jun 26 8:12 AM, General News


Dine Brands Global Announces International President; Chief Information Officer Appointments

Dine Brands, the parent company of Applebee's Neighborhood Grill & Bar and IHOP restaurants, announces the appointment of Tony Moralejo as President, International and Global Development; and Justin Skelton, Chief Information Officer. Moralejo and Skelton are both experienced leaders who will make an immediate impact in the recovery and acceleration of the business post crisis. They will report to Thomas Song, Chief Financial Officer, and join the Dine Brands Executive Team.

Moralejo joins Dine from Church's/Texas Chicken, an international quick service restaurant company. Moralejo’s prior experience spans over two decades, leading global teams in various operations, franchise development and...

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Jun 25 8:23 AM, General News


Spikes in COVID-19 Cases in Open States are Not Yet Impacting Restaurant Recovery

The spikes in COVID-19 cases in states that have reopened restaurant dine-in services haven’t yet impacted the continuing improvement in major restaurant chain transaction declines as more states reopen, reports The NPD Group. Arizona, California, and Florida, three states that reported an uptick in COVID-19 cases, showed several points of improvement in restaurant chain customer transaction declines at full service restaurants — the restaurant segment most affected by dine-in closures — in week ending June 14 compared to the previous week, according to...

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Jun 24 8:19 AM, General News


Hard Rock Cafe to Reopen Restaurant Locations Under New Health and Safety Plan 

Hard Rock International announced plans to reopen company-owned Hard Rock Cafe locations in the United States and Europe, in compliance with recommendations from national and local health officials. To help keep guests and team members safe and healthy, Hard Rock Cafes have implemented "SAFE + SOUND," a new program featuring stringent guidelines developed in collaboration with leading worldwide health and sanitization partners like ECOSURE and the National Sanitation Foundation (NSF).

The "SAFE + SOUND" program implements the highest of level of safety, sanitation, food handling and employee training. As part of the new protocol, all guests and team members will be required to...

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Jun 17 8:22 AM, General News


Denny's Reintroduces Popular Value Menu

Denny's is re-introducing its famed $2 $4 $6 $8 Value Menu in celebration of its 10th anniversary, offering guests breakfast and dinner favorites alongside new and exciting items, all at a great price. The limited-time value menu will be available for dine-in, takeout or delivery via Dennys.com, while supplies last at participating locations. Denny's is also offering free delivery through Denny's on Demand from now until June 22, 2020.

Denny's $2 $4 $6 $8 Value Menu features options for breakfast, lunch and dinner, including...

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Jun 17 8:21 AM, General News


U.S. Restaurant Chain Transaction Declines Continue to Soften, Down 14% in Week Ending June 7

U.S. major restaurant chain transactions were down 14% in the week ending June 7 versus the same week a year ago, a 29 point gain from the steepest decline during the COVID-19 pandemic of  43% in week ending April 12, reports The NPD Group.  Sixty-nine percent of restaurant units are now in geographies that permit some level of on-premise dining and the number should increase to 74% in week ending June 14.

Major full service restaurant (FSRs) chains are still seeing the most improvement of restaurant segments as more dining rooms open and those already open increase capacity...

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Jun 16 8:12 AM, General News


Bloomin’ Brands Provides Business Update Related to the COVID-19 Pandemic

Bloomin’ Brands, Inc. (Nasdaq: BLMN) today announced a business update related to COVID-19 as well as recent sales results and details on cash utilization and liquidity.

Statement from David Deno, Chief Executive Officer

The priorities for Bloomin’ Brands remain unchanged as we navigate these challenging times. We are focused on taking care of our people and serving food in a safe environment that protects both our Team Members and customers.

Since the onset of the pandemic, we have been nimble in adapting our business. This included a pivot to an off-premises model as dining rooms were forced to close...

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Jun 11 9:20 AM, General News


Restaurant Transaction Declines Continued to Improve in Week Ending May 31

Nearly three months have passed since most U.S. restaurant dine-in operations were ordered to close to prevent the spread of COVID-19, and this week more than 68% of all restaurant units are in states, counties, or municipalities where they are permitted to reopen their on-premise dining service. This does not mean all restaurants in those areas have reopened, but it is an indicator of loosening regulations.

With a growing number of restaurant dine-in services reopening, major restaurant chain customer transactions have been improving, reports The NPD Group. In the week ending May 31, U.S. restaurant chain transactions declined by 18% compared to same period year ago, a 3%...

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Jun 10 8:18 AM, General News


Red Robin to Re-Open Approximately 65% Company-Operated Dining Rooms by June 7

Red Robin Gourmet Burgers, Inc. announced that the Company expects to have re-opened approximately 270 dining rooms with limited capacity by June 7, 2020, representing approximately 65% of currently open Company-operated restaurants.

Paul J.B. Murphy III, Red Robin’s President and Chief Executive Officer, said, “With our relentless focus on health and safety for our Team Members and Guests, we are continuing to make progress re-opening our dining rooms across the country and welcome back our loyal Red Robin fans to experience...

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Jun 5 8:09 AM, General News


The Cheesecake Factory Provides Business Update

The Cheesecake Factory Incorporated provided a business update given the ongoing COVID-19 pandemic.

The Company began to reopen dining rooms across its concepts the second week of May. As of today, approximately 25% of the Company’s restaurants across its concepts, including 34 Cheesecake Factory restaurants, have reopened dining rooms with limited capacity in accordance with local mandates.

The reopened Cheesecake Factory restaurants have recaptured, on average, approximately 75% of prior year sales levels, reflecting continued strength in off-premise sales and building dine-in business. For The Cheesecake Factory restaurants that are continuing to operate...

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Jun 4 8:10 AM, General News


Cracker Barrel Reports Third Quarter Fiscal 2020 Results And Provides Business Update

Cracker Barrel Old Country Store, Inc. reported its financial results for the third quarter ended May 1, 2020 and provided an update regarding the impact of the coronavirus disease ("COVID-19") pandemic on the Company's business.

COVID-19 Business Update

Beginning in March, the unprecedented circumstances and rapidly changing market conditions caused by the COVID-19 pandemic resulted in significant disruptions to the restaurant industry and to the Company's business. As previously disclosed, the Company undertook numerous actions in response to the pandemic to...

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Jun 3 8:08 AM, General News


U.S. Restaurant Chain Transactions Down 18% Compared to Year Ago but Continue to Improve 

With nearly 320,000 restaurant units in the U.S. now allowed to offer some level of on-premise dining, customer transaction declines at major restaurant chains continued to improve in the week ending May 24, reports The NPD Group. Total major restaurant chain transactions declined by 18% in the week compared to same week year ago, a 25 point gain from the steepest decline during the COVID-19 pandemic of 43% in week ending April 12, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Major full service chain restaurant transactions declined by 42% versus same time year ago, a 7 point improvement from the prior week’s decline of...

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Jun 3 8:07 AM, General News


FAT Brands Reports First Quarter 2020 Financial Results

FAT(Fresh. Authentic. Tasty.) Brands Inc., reported fiscal first quarter 2020 financial results for the 13-week period ending March 29, 2020 and provided an update on the business as it relates to the COVID-19 pandemic.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “The first five months of 2020 have been unprecedented, and our mission has been steadfast - to guide our franchisees and their employees through these challenging times as safely as possible so they may best serve their communities and guests. As we are now moving into the re-opening phase in many locations both domestically and internationally, our operations teams have...

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Jun 1 8:09 AM, General News


U.S. Restaurants Continue Slow Recovery in Week Ending May 17 as More States Reopen

Customer transactions at major U.S. restaurant chains declined by 21% in the week ending May 17 compared to same period last year, a slight gain from last week’s 23% decline and the fifth consecutive week of improvement, reports The NPD Group. Major quick service chain restaurants, which represent the majority of restaurant transactions, improved transaction declines to 20% in the week compared to a 21% decline in the prior week from year ago, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Continued improvement in restaurant chain transaction declines was aided by adding 93,000 restaurant units in states where restrictions to on-premise dining were lifted from the week ending May 10 to the week ending May 17. These openings are more critical for...

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May 28 8:13 AM, General News


Darden Restaurants Provides Business Update

Darden Restaurants, Inc., provided an update of certain business results given the dynamic environment resulting from COVID-19.

"As we continue to reopen our dining rooms, we remain dedicated to providing a safe environment for our team members and guests," said CEO Gene Lee. "Early signs show that our loyal guests are grateful for the opportunity to dine-in with us, and they appreciate the added safety measures we have implemented. At the same time, our To Go business remains strong. I am pleased that we are able to return some team members from furlough to support these phased openings, and we look forward to safely serving more guests as...

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May 21 8:19 AM, General News


States Reopening and Mother’s Day Help to Continue Improvements in Restaurant Transaction Declines

U.S. restaurant chain transaction declines continued to improve for the fourth consecutive week in the week ending May 10 as more states reopened and America’s mothers were honored with a meal they didn’t need to cook. Large chain restaurant customer transactions were down 23% compared to a year ago, improving from a 26% decline the prior week, reports The NPD Group.

Large full service chain restaurants benefitted from a Mother’s Day lift, with transaction declines up 39% versus the prior week, although still down 58% compared to year ago. Transactions at large quick service chain restaurants declined by 21% in the week ending May 10 compared to year ago, versus...

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May 20 8:11 AM, General News


Technomic: Foodservice Spending Continues a Slow Rebound 

Consumer spending estimates bottomed out at a decrease of 35% of expected sales the week of April 12 and has grown to a level that may be pulling us off the bottom of the market. The cumulative loss in spending has declined for the first week since the start of the pandemic. However, it is important to note that previous weeks showed fluctuations that could foretell more up and down movement in the trends in coming weeks.

Off-premise ordering at FSRs sees high growth this week

Ordering by nondelivery, off-premise methods has increased across all segments this week. For fast-food restaurants, this was driven by drive-thru orders (59%). Growth at FSRs was driven by a mix of drive-thru and takeout orders. Overall, casual-dining and fine-dining restaurants saw the largest jump...

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May 7 8:14 AM, General News


U.S. Restaurant Chain Transaction Declines Continue to Ease in Week Ending April 26

U.S. restaurant chain transactions showed improvement for the second week in a row in the week ending April 26 with total industry customer transactions down 32% compared to a 36% decline the prior week, reports The NPD Group.

Transactions at quick service restaurants were down 30% in week ending April 26 versus year ago, and full service restaurants improved slightly this week, declining 71% versus a 72% decline last week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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May 6 8:17 AM, General News


Denny’s Launches Make-at-Home Meal Kits and Expanded Grocery Delivery Services

The Denny’s Market is open and available for your “at-home” meal solutions. Participating Denny’s locations throughout the country will now be offering Make-at-Home Meal Kits that include all the ingredients for a family meal with simple assembly instructions.

With prices starting at $12.99, the Meal Kits were created to provide families with an opportunity to add an interactive element to a Denny’s meal, are available in select locations and includes all of the ingredients to prepare diner favorites, including...

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May 5 8:09 AM, General News


The Cheesecake Factory Offers Special Happy Hour Menu Online for Pickup and Curbside To-Go

The Cheesecake Factory is featuring a limited-time Happy Hour Menu online for pickup and curbside to-go orders Monday through Friday 2-4:30 p.m. today through Friday, May 15. Featuring ten signature menu items for $7.50 including full-sized portions of The Cheesecake Factory’s most popular appetizers and its special “Happy Hour” Burger – a double cheeseburger available exclusively during Happy Hour – bottles of private reserve house wine for $15 and “mix and match” six packs of beer for $12.95, the Happy Hour Menu is the perfect solution for afternoon snacks and libations to enjoy at home.

“We are so pleased to offer a Happy Hour Menu to-go for the very first time,” said David Overton, Founder and CEO of The Cheesecake Factory Incorporated. “With so many people working from home right now, we thought...

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May 5 8:09 AM, General News


Dine Brands Global Reports First Quarter 2020 Results 

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, announced financial results for the first quarter of 2020.

“As we continue to face new challenges posed by the COVID-19 pandemic, I’d like to extend a heartfelt thank you to our family of team members and franchisees for their tireless dedication and resilience. Despite the tremendous adversity we’ve seen, and will continue to see, I could not be prouder of how our teams, franchisees and brands have come together to support one another and their communities. As we work to navigate this situation together...

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May 1 8:21 AM, General News


Coronavirus Relief Checks Help Ease U.S. Restaurant Transaction Declines in Week Ending April 19

Likely buoyed by the coronavirus relief payments received from the government, consumers increased their restaurant transactions in the week ending April 19 relative to week ending April 12, easing the previous weeks’ declines, reports The NPD Group.

Although the industry is still at historic lows compared to year ago, restaurant customer transactions declined by 36% compared to a 43% decline the prior week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for...

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Apr 29 8:18 AM, General News


Cracker Barrel Old Country Store Announces DoorDash Partnership

Cracker Barrel Old Country Store announced its partnership with DoorDash, to bring the comfort of Cracker Barrel to guests' homes nationwide.

"We have served as a home-away-from-home for more than 50 years, and as families spend even more time together now, we want to make mealtime a little easier by providing the comfort and value guests have come to expect from Cracker Barrel in their own home," said Jeff Sigel, Vice President of Marketing for Cracker Barrel. "We are pleased to partner with DoorDash to provide our homestyle food to guests, wherever they may be."

To help make their guests' next family meal more special, the companies will offer...

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Apr 28 8:19 AM, General News


Technomic Predicts 2020 Will Be the Most Challenging Year For the Top 500 Chain Restaurants

Technomic released the Top 500 Chain Restaurant Report, which ranks each top chain by sales performance for the previous year. This year’s report includes insight into what to expect for 2020. Although uncertainty remains about the toll that COVID-19 will have on performance, the initial forecast predicts overall sales to decrease by 12% to 17% this year.

“While the Top 500 chains saw a relatively solid overall sales increase in 2019, the growth gap between the largest players and midsize chains continues to widen,” explains Kevin Schimpf, senior research manager at Technomic. “The 5.7% sales boost achieved by the top 20 chains significantly...

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Apr 22 8:16 AM, General News


U.S. Restaurant Transaction Declines May Have Bottomed Out in the Week Ending April 5

U.S. restaurant customer transactions declined by 41% in the week ending April 5 compared to year ago, following a 42% decline in the prior week ending March 29, which may indicate the industry is bottoming out, reports The NPD Group. The apparent “bottom” is likely due to the full effect of on-premise dining closures throughout the country and the industry’s collective ability to convert to off-premise modes, like carry-out, delivery, and drive-thru.

“The 41% decline in restaurant transactions is similar to last week and may indicate a bottom. We also need to be aware that further erosion could occur if consumers’ economic situations worsen,” says David Portalatin, NPD food industry advisor and author of Eating Patterns in America. “To date, many consumers have...

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Apr 15 8:14 AM, General News


Restaurant Customer Transactions Declined by 42% in Week Ending March 29

The majority of U.S. restaurants are now impacted by mandated dine-in closures, reports The NPD Group. Restaurant customer transactions dropped by 42% in the week ending March 29 compared to same week year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

While steep transaction declines are being seen industry-wide, some restaurant models are better suited than others to retain existing off-premise business, like drive-thru, carry-out, and delivery. Quick service restaurants, which historically have more off-premise business, realized transaction declines of...

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Apr 8 8:18 AM, General News


ANALYSIS: Fresh 50s Trend Sharply Lower

The market for fresh 50s closed sharply lower for the second day in a row. The weighted average moved about 21% lower on Tuesday and another...

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Apr 3 8:26 AM, Urner Barry


IFA Announces New Initiative to Ensure Truck Drivers have Access to Food on the Road

The International Franchise Association (IFA) today announced that it is working with the Owner–Operator Independent Drivers Association (OOIDA) and The American Trucking Associations (ATA) on a new project aimed at helping truck drivers to navigate the coronavirus pandemic.

Truck drivers are playing a unique and essential role keeping the economy functioning during this period of social distancing and quarantine. However, because increased restrictions on dine-in options, truck drivers are struggling to eat on the road and facing new challenges as they do their jobs. In short, their trucks are too big to fit in a drive-thru, it’s largely prohibited for..

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Apr 3 8:25 AM, General News


Red Robin Gourmet Burgers Provides Business and Operational Update Related to COVID-19

Red Robin Gourmet Burgers, Inc. announced several measures it is taking in response to the escalating COVID-19 pandemic.

Paul J.B. Murphy III, Red Robin’s President and Chief Executive Officer, said, “We are navigating an unprecedented time for our business, industry and country as we collectively work to combat the global COVID-19 crisis. With the health, safety, and well-being of Red Robin’s Team Members, Guests and communities as our top priority, we have shifted our restaurants to an off-premise model and are strictly adhering to CDC, state and local guidelines.”

Murphy added, “We are encouraged by our continuing off-premise sales momentum, which has more than doubled over the past two weeks compared to our trends before the impact of COVID-19. This will help mitigate the decline in comparable restaurant revenues due to the closure of dine-in services at substantially all Red Robin-operated restaurants and enable us to...

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Apr 2 8:18 AM, General News


Boston Market Puts Easter Dinner On the Table with Convenient Options

Boston Market is making it easier to put a home-style dinner on the table this Easter with free delivery, curbside pickup and numerous complete meal options now available. With selections that can be preordered and picked up (or available curbside) at restaurants across the country or shipped directly to your front door for free, Boston Market hopes to make family time the focus this Easter with simple meal solutions for all.

"With all that is happening around the world right now, we know that Easter celebrations will be different, and smaller, this year," said Boston Market Chief Executive Officer Eric Wyatt. "Our team at Boston Market would like to help with any type of Easter meal you might be planning, with numerous convenient options available for pickup, home delivery or...

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Apr 2 8:17 AM, General News


U.S. Restaurant Chain Transactions Drop by 36% as Mandated Restaurant Dine-In Closures Take Effect

The mandated restaurant dine-in closures that took effect in most states beginning the week ending March 22 took a toll on U.S. restaurant transactions, reports The NPD Group. Total restaurant customer transactions declined by 36% in the week ending March 22 compared to same week year ago, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 70 quick service, fast casual, midscale, and casual dining chains.

Customer transactions at quick service restaurants, which represent the bulk of restaurant industry transactions and have more off-premise business than full service restaurants, decreased by...

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Apr 1 8:17 AM, General News


U.S. Restaurant Customer Transactions Decline by 8% in Week Ending March 15

With the COVID-19 pandemic spreading throughout the country, more people working from home, and social distancing guidance in place, U.S. restaurant customer transactions declined by 8% in the week ending March 15 compared to year ago, reports The NPD Group.

In the prior week ending March 8, the quick service restaurant chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions compared to year ago, according to NPD’s CREST Performance Alerts, which provides...

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Mar 25 8:21 AM, General News


Yum China Provides Business Update 

Yum China Holdings, Inc. updated stakeholders on the impact of the coronavirus (COVID-19) situation.

The current COVID-19 situation is one of unprecedented scale and impact, and first and foremost we want to give thanks and appreciation to all the medical personnel, government workers, volunteers and other frontline workers who have put public health and safety above their own in fighting this global pandemic. At Yum China, our commitment has been to safety above all else -- safety for our employees, as they operate in this difficult environment; and safety for our customers, as they...

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Mar 23 9:33 AM, General News


Darden Restaurants Reports Fiscal 2020 Third Quarter Results

Darden Restaurants, Inc., reported its financial results for the third quarter ended February 23, 2020.

Third Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year

Total sales increased 4.5% to $2.35 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 2.3%

Same-restaurant sales by brand:

  • +2.1% for Olive Garden
  • -1.6% for Cheddar's Scratch Kitchen
  • +3.9% for LongHorn Steakhouse...
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Mar 20 8:21 AM, General News


Quick Service Breakfast Wars Help Drive Transactions Up Despite Coronavirus

The 24/7 news cycle around the coronavirus (COVID-19) didn’t deter consumers from sampling an array of breakfast promotions offered by quick service restaurant (QSR) chains last week. The QSR chain “breakfast wars” helped to drive a 4% increase in total U.S. restaurant customer transactions for the week ending March 8 compared to same period year ago, reports The NPD Group.

QSR chains, which represent the bulk of U.S. restaurant customer transactions, also grew transactions by 4% in the week ending March 8, the highest gain in...

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Mar 17 8:58 AM, General News


Cracker Barrel Reports Second Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store, Inc. reported its financial results for the second quarter ended January 31, 2020.

Second Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 3.8% and traffic of -0.2% outperformed the casual dining industry. Comparable store retail sales increased 1.3%.
  • Operating income was $79.1 million, a 3.2% increase compared to the prior year.
  • GAAP earnings per diluted share were $2.55, which includes an unfavorable impact to...
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Feb 25 8:47 AM, General News


Dine Brands Global Reports Solid Fourth Quarter and Full-Year 2019 Results

Dine Brands Global, the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the fourth quarter and fiscal 2019.

“This past year for Dine Brands was defined by several significant achievements. Notably, we successfully completed a $1.3 billion refinancing of our existing debt through a securitization. We delivered a significant increase in net income of 30%, which resulted in strong growth in adjusted EBITDA of 19% for the year. Our franchised business model continued to generate robust adjusted free...

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Feb 24 10:05 AM, General News


The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2019 

The Cheesecake Factory Incorporated today reported financial results for the fourth quarter of fiscal 2019, which ended on December 31, 2019.

Total revenues were $694.0 million in the fourth quarter of fiscal 2019 compared to $585.2 million in the fourth quarter of fiscal 2018. Net income and diluted net income per share were $48.7 million and $1.10, respectively, in the fourth quarter of fiscal 2019. The results in this press release include the acquisition of North Italia and the remaining business of Fox Restaurant Concepts LLC on October 2, 2019.

Bottom line results of the core business were within the Company’s guidance range and the impact from the acquisition to fourth quarter results was also within...

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Feb 20 11:43 AM, General News


Foodservice Participates in Valentine’s Day with Tempting Offers

Whether consumers plan to dine out or stay in on Valentine’s Day, another record is expected to be set this year. According to the National Retail Federation, consumers plan to spend an average of $196.31, up 21 percent over last year’s previous record of $161.96. Spending is expected to total $27.4 billion, up 32 percent from the previous year’s record of $20.7 billion. Of that total, $4.3 billion is expected to be spent on an evening out.

Romantics looking to get ahead of the rush to book a reservation at a restaurant for Valentines’ Day should have done so before February 4th. According to data released by OpenTable, majority of diners wait until ten days or less in advance to reserve a table, despite this being...

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Feb 13 8:26 AM, Urner Barry


U.S. Restaurant Customer Transactions Increased in January Compared to Year Ago

Customer transactions at U.S. restaurant chains were up in January, a benefit of milder weather compared to a year ago when extreme weather conditions, including a polar vortex and above average precipitation, hit many areas of the United States.

For the retail weeks ending January 6 through February 2, total restaurant transactions increased by 2% over same time last year and quick service restaurant (QSR) chains were the primary contributor to these gains, according to NPD’s CREST Performance Alerts, which provides...

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Feb 12 9:28 AM, General News


From the Football Field to Foodservice, These Former NFL Players Now Own Restaurants

While many athletes dedicate their careers to the sport, some find other interests worth pursuing after their time on the field has come to an end. A common post-career passion for athletes is food, which should come as no surprise, since diet plays a vital role in preparation for game day. This interest in food has often led to retired players opening their own restaurants. The trend is seen across all different sports, but it appears football players are the most invested in the food business.

Andy Nelson, who played defensive backfield for the Baltimore Colts during the 1960s, is now known for his famous Maryland BBQ pit. The restaurant is full of football memorabilia and received a certificate of excellence in 2018 from TripAdvisor for...

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Jan 30 11:21 AM, Urner Barry


Denny's Expands Partnership with Beyond Meat and Launches Popular Plant-Based Beyond Burger

After the overwhelmingly successful Beyond Burger launch exclusively in Los Angeles restaurants, Denny's will now offer the popular plant-based burger made by Beyond Meat in more than 1,700 locations across the U.S. and Canada. To celebrate this milestone, Denny's is offering a free Beyond Burger with the purchase of any beverage at all participating locations on January 30 from 11am to 10pm, while supplies last.

The newest addition to Denny's core menu, the Denny's Beyond Burger features...

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Jan 27 9:57 AM, General News


Quaker Steak & Lube Kicks Off 2020 With New Menu

Quaker Steak & Lube is starting the new year with an exciting new all-day menu featuring salad, sandwich, entrée, sauce and dessert options to give guests fresh choices. Most notable on the menu are new steak and seafood options that are woven throughout the menu pages providing a wider variety for guests. Additionally, Quaker Steak & Lube is introducing a new extreme hot sauce. Dubbed "Eat Heat," it is the hottest sauce yet from the brand and requires guests to sign a waiver upon ordering. The menu offers something for everyone, including options for healthier alternatives.

A lightly seasoned, pan-seared salmon headlines Quaker Steak's new menu. Salmon can be ordered as its own entrée or paired as Surf & Turf with flame-grilled chicken or...

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Jan 23 8:24 AM, General News


Sweet Earth Awesome Burger Enters First National Restaurant Partnership with Ruby Tuesday

Sweet Earth Foods, an award-winning and rapidly growing plant-based food innovator, announced Ruby Tuesday as its first-ever national restaurant partner for the Sweet Earth Awesome Burger.

Ruby Tuesday will offer the Sweet Earth Awesome Burger as an off-menu plant-based protein through mid-March, with the potential to become a permanent menu item. Customers can also substitute the meatless Awesome Burger patty as part of any of the restaurant's wide variety of signature burger offerings.

"At Ruby Tuesday, our focus is to provide freshly prepared, high-quality meal options that are full of flavor at an affordable price," said Jenifer Boyd Harmon, Chief Marketing Officer for Ruby Tuesday. "We know many of our customers have...

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Jan 22 8:19 AM, General News


NPD Group: Holiday Cheer Spurred Transaction Gains for Quick Service Restaurants in December

Quick service restaurant (QSR) chains, which represent the bulk of industry transactions, had four consecutive weeks of transaction increases in the retail month of December (December 2 through January 5) and were the primary contributor to the total industry gains in the month, reports The NPD Group. Casual dining chains, on the other hand, began the month stable but saw transaction declines in the last three weeks of the month. Midscale/family dining chains, despite a drop in the last week, finished the month flat, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and...

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Jan 17 9:46 AM, General News


TGI Fridays Kicks Off 2020 with Dinners for Two Starting at $20

TGI Fridays has announced it's kicking off 2020 by giving people the opportunity to get together more often, starting with its launch of Fridays Feast. Beginning January 13, guests can visit their favorite local Fridays and enjoy a complete three-course meal for two (two apps + two entrees + two desserts) starting at just $20. This menu offering is a delicious and affordable solution for guests who resolved to have more affordable together time with friends and family.

"We are excited to invite guests to come together over Fridays Feast," said Cindy Syracuse, TGI Fridays vice president of marketing. "Fridays knows a delicious meal at a great price offers a valuable opportunity for...

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Jan 15 8:14 AM, General News


Wingstop Appoints Mahesh Sadarangani as Chief Operating Officer 

Wingstop Inc. announced the appointment of Mahesh Sadarangani as Chief Operating Officer, previously Wingstop’s Senior Vice President of Channel Strategy, effective immediately. In his new role, Mahesh will be responsible for domestic operations and will continue reporting to Charlie Morrison, Chairman and CEO. Mahesh is replacing Larry Kruguer, who resigned on December 26, 2019.

With more than 20 years of operational leadership experience, Mahesh joined Wingstop in July 2019 from CEC Entertainment, the parent company for Chuck E. Cheese and Peter Piper Pizza. Most recently, Mahesh served as Chief Administrative Officer of CEC Entertainment and President of the Peter Piper Pizza brand leading strategy, revenue management, supply chain, and operations. Previous executive roles include...

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Jan 13 8:56 AM, General News


On The Border to Offer Tacos Featuring Beyond Meat 

On The Border Mexican Grill & Cantina is giving taco lovers a new tasty, plant-based protein option with endless opportunities.

On The Border is the first brand in its category to offer Beyond Beef, a delicious plant-based ground meat from Beyond Meat, in enchiladas, nachos and even unlimited Beyond Meat Tacos as part of its Endless Tacos offer.

Available from Jan. 6 to March 8, On The Border guests can try the all-new Beyond Meat Taco – featuring 100% plant-based ground Beyond Beef seasoned exactly like On The Border's seasoned ground beef, topped with...

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Jan 9 10:33 AM, General News


Hooters Launches Meatless Wings Nationwide 

Meatless tacos, meatless burgers, now it's time for meatless wings! For the first time on the casual-dining stage, 318 Hooters restaurants across the U.S. are introducing meatless wings in a national launch – the Unreal Wings made with Quorn.

Hooters Unreal wings are made with Quorn's Meatless Wings, which are fried and then tossed in Hooters' classic sauces and dry rubs. From Original BBQ to Honey Thai Chili Pepper to Classic Buffalo, the Unreal Wings are vegetarian, non-GMO, soy-free and...

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Jan 7 8:20 AM, General News


NPD Group: Thanksgiving Week is Synonymous with Food but Not with Restaurant Transactions

Restaurant transactions for Thanksgiving week, the week ending December 1, were down 7% compared to same week last year (Thanksgiving was a week earlier in 2018), reports The NPD Group. Restaurant transactions declined by 8% for both the casual dining and quick service restaurant segments during Thanksgiving week, according to CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale, and casual dining chains.

Midscale/family dining restaurants, which offer sit down breakfasts, pies, and other desserts, realized an 18% increase in transactions during Thanksgiving week compared to same period year ago. Restaurant transactions for...

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Dec 12 8:19 AM, General News


Postmates And TGI Fridays Announce On-Demand Delivery Partnership

Postmates, the leader in delivering nearly anything on-demand, and TGI Fridays™ announced a partnership to deliver the world-famous restaurant brand's menu on-demand. Now, Postmates customers can enjoy the iconic taste of their favorite TGI Fridays dishes, like potato skins, whisky glaze, sizzling skillets, and more - brought right to their doorsteps, every day and night.

"Third-party delivery is one more way we're bringing the TGI Fridays experience to People of All Stripes," explained the brand's CEO, Ray Blanchette. "Now, everyone can enjoy the tastes that have always made Fridays famous, brought right to their doorsteps. We are pleased to be working with Postmates on this new offering. Their large national presence and reputation for reliable service made them an ideal partner for serving as many TGI Fridays fans as possible with on-demand delivery."

"TGI Fridays was formed to bring people together over the things that everyone can enjoy – like classic food favorites and innovative new culinary creations. We are proud to bring that experience...

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Dec 5 8:17 AM, General News


Cracker Barrel Reports First Quarter Fiscal 2020 Results

Cracker Barrel Old Country Store today reported its financial results for the first quarter ended November 1, 2019.

First Quarter Fiscal 2020 Highlights

  • Comparable store restaurant sales growth of 2.1% and traffic of -1.5% outperformed the casual dining industry.
  • As previously announced, the Company acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.
  • The Company repurchased $14.2 million in shares in the first quarter.
  • GAAP earnings per diluted share were $1.79 compared to prior year first quarter earnings per diluted share of $1.96. This figure includes unfavorable impacts to earnings per diluted share for...
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Nov 26 10:04 AM, General News


FAT Brands Inc. Reports Fiscal Third Quarter 2019 Financial Results

FAT Brands Inc. today reported fiscal third quarter 2019 financial results for the 13-week period ending September 29, 2019.

Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased with our performance in the third quarter which included nearly 11% revenue growth and EBITDA growth of over 70%, as we continue to execute our brand acquisition strategy. During the quarter we successfully integrated our latest acquisition, Elevation Burger, which is now running at full synergies. We have built a considerable brand pipeline from which we will acquire synergistic brands to add to our unique platform.”

Wiederhorn continued, “We continue to pursue financing that will lower our cost of capital. To that end, we recently completed the initial closing of our Series B preferred offering...

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Nov 8 10:13 AM, General News


Red Robin Gourmet Burgers Reports Results for the Fiscal Third Quarter

Red Robin Gourmet Burgers, Inc., a full-service restaurant chain serving an innovative selection of high-quality gourmet burgers in a family-friendly atmosphere, today reported financial results for the quarter ended October 6, 2019.

Third Quarter 2019 Financial Summary Compared to Third Quarter 2018

  • Comparable restaurant revenue increased 1.6% (using constant currency rates), the third consecutive quarter of improved trends;
  • Comparable restaurant guest counts decreased 3.1%;
  • Off-premise sales, including catering, increased 37.3% and comprised 13.2% of total food and beverage sales, including...
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Nov 6 8:48 AM, General News


Postmates Partners with Dine Brands to Provide On-Demand Delivery

Postmates, the leader in enabling anyone to get nearly anything on-demand, announced today that is has partnered with Dine Brands (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants. Postmates customers can now order from both of these restaurants in the more than 3,500 cities that the company operates in.

"Both Applebee's and IHOP are very popular on the Postmates platform," said Craig Whitmer, VP, Merchant Business Development, Postmates. "We are thrilled to provide customers access to these restaurants in the 3,500+ cities we operate in and as we near the busy holiday season, there is no better time to Postmate It."

From the outset of the partnership, Postmates and Dine Brands will integrate delivery orders directly into...

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Nov 1 8:22 AM, General News


Dine Brands Global, Inc. Reports Third Quarter 2019 Results

Dine Brands Global, Inc., the parent company of Applebee's Neighborhood Grill + Bar and IHOP restaurants, today announced financial results for the third quarter of 2019.

“We are pleased with our overall performance. Our business model continues to deliver robust margin expansion and generate significant adjusted free cash flow. IHOP achieved its seventh consecutive quarter of positive sales growth. While Applebee’s faced a difficult comparison against very strong same-restaurant sales in the third quarter of 2018, we are confident in the brand’s strategy that’s in place,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.

Mr. Joyce added, “We are seeing significant unit growth opportunities as...

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Oct 31 8:15 AM, General News


Dine Brands International Continues Expansion with Deal to Bring More IHOP Restaurants to Canada

Dine Brands International announced today an agreement with Saeed Minhas, of Minhas Holdings, to bring the IHOP brand to exclusive locations in the Greater Toronto Area. The agreement calls for 15 new IHOP locations over seven years. The first location is expected to open mid-year 2020.

The new locations are expected to create approximately 900 jobs and contribute up to $15 million to the construction industry in the Greater Toronto Area.

“IHOP is a strong brand with a huge fan base around the world, and we are excited to expand its presence in Canada,” said Saeed Minhas, CEO of Minhas Holdings. “We can’t wait for...

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Oct 29 8:23 AM, General News


Denny's to Offer Beyond Meat Burger 

For more than 65 years, Denny's has been delivering on its commitment to serve guests delicious and affordable meals, investing in menu innovation and increased quality that has put America's Diner at the forefront of the Family Dining category. In response to guests' interest in plant-based dining and flexitarian diets, Denny's has partnered with Beyond Meat to launch the Denny's Beyond Burger.

Available at all Los Angeles area Denny's locations beginning today, the new Denny's Beyond Burger features a 100% plant-based Beyond Burger patty topped with freshly sliced tomatoes and onions, crisp lettuce, pickles, American cheese and All-American sauce on a multigrain bun - offered...

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Oct 28 11:14 AM, General News


Cracker Barrel Acquires Maple Street Biscuit Company

Cracker Barrel Old Country Store, Inc. announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million. Maple Street Biscuit Company was founded by Scott Moore and Gus Evans in Jacksonville, FL in 2012. It currently has 28 company-owned and five franchised fast casual locations across seven states. Maple Street Biscuit Company has targeted AUVs of $1.0+ million and targeted store-level EBITDA of 17%+ of net sales. The Company plans to convert its Holler & Dash Biscuit House units into Maple Street Biscuit Company locations in the coming months. Scott Moore will remain CEO of Maple Street Biscuit Company and will report directly to Sandra B. Cochran, President and CEO of Cracker Barrel.

“The breakfast and lunch-focused fast casual category is an attractive segment, and our experience with Holler & Dash has reinforced this belief. We have long admired Maple Street Biscuit Company with...

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Oct 15 8:15 AM, General News


Red Robin Gourmet Burgers and Brews Unveils Latest Fall Menu Items 

At Red Robin Gourmet Burgers and Brews beginning today through January 26, guests can satisfy their burger cravings with the all-new French Onion Ringer, a flavor-packed burger with Swiss cheese, crispy onion straws, French Onion spread and tomatoes on a melted provolone-capped onion bun, topped off with three golden-fried onion rings. The Gourmet Burger Authority is also bringing back a fan favorite, the El Ranchero Burger, which is topped with American cheese, candied bacon, crispy onion straws, house-made jalapeño ranch, barbecue ketchup, tomatoes and shredded romaine.

"At Red Robin, we are excited to introduce these new, unique burgers with ingredients that guests can only experience at...

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Oct 7 11:39 AM, General News




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