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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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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%...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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..
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...
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...
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...
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...
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...
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:
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...
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
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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
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...
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
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...
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...
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...
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...
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...
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...
Darden Restaurants Reports Fiscal 2020 First Quarter Results
Darden Restaurants, Inc., today reported its financial results for the first quarter ended August 25, 2019.
First Quarter 2020 Financial Highlights, Comparisons Versus Same Fiscal Quarter Last Year
Total sales increased 3.5% to $2.13 billion driven by the addition of 40 net new restaurants and a blended same-restaurant sales increase of 0.9%Same-restaurant sales by brand...
Cracker Barrel Reports Strong Fourth Quarter And Full Year Fiscal 2019 Results
Cracker Barrel Old Country Store, Inc., today reported its financial results for the fourth quarter of fiscal 2019 ended August 2, 2019.
Fourth Quarter Fiscal 2019 Highlights
NPD Group: U.S. Restaurant Cash Registers Rang More in August
Amidst a chicken sandwich war, taking advantage of the last remaining days of summer vacation, and the want of having someone else do the cooking, consumers made more purchases at U.S. restaurants in August than they did the year before, reports The NPD Group. Quick service restaurants (QSRs) were the primary beneficiaries of this consumer demand with same-store dollars up by 4.4 percent.
Restaurant transactions were positive for QSR chains throughout the month of August, according to NPD’s CREST Performance Alerts, which provides a rapid weekly view of chain-specific transactions and share trends for 73 quick service, fast casual, midscale chains, and casual dining chains. The full service segment of casual and midscale/family chains continued to be soft compared to...
Houlihan's Introduces Delivery by DoorDash
Houlihan's Restaurant + Bar just made it possible to enjoy their Famous 'Shrooms, the Char-crusted Ahi Tuna Salad or even the Kansas City Burger without leaving your home. Whether you're having a relaxing evening with family or getting a group of friends together to watch the game, Houlihan's is making life easier for their stay-at-home guests. And let's not forget about the boss who called the last-minute meeting over lunch. No worries, Houlihan's will make sure it's the best lunchtime meeting you've ever had to attend.
Beginning Sept. 16, Houlihan's restaurants will begin offering food delivery in all of their corporate markets. And to make it even simpler, guests will place their order directly through the Houlihan's website – houlihans.com. "With football season and tailgate parties getting in full swing, the debut of our new delivery option is...
Dine Brands Partners with Grubhub to Offer Delivery Across Thousands of Applebee's & IHOP Locations
Grubhub, the nation's leading online and mobile food-ordering and delivery marketplace, today announced its expanded partnership with Dine Brands (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants. Nearly triple the number of Applebee's and IHOP locations will be available on the Grubhub marketplace, and the collaboration will also build a deep integration to maximize incremental growth.
Grubhub's marketplace will extend coverage to more than 3,000 locations between Applebee's and IHOP brands, giving diners even more opportunity to get their favorite dishes delivered. Grubhub and Dine Brands will be working towards a direct-to-POS integration for menu syncing and order submission across Applebee's and IHOP. Restaurants will receive orders directly to...
Total U.S. Restaurant Visits in July Held Steady While Consumer Spending Increases
U.S. consumers visited restaurants this July at the same pace they did last July and consumer spending was up three percent compared to year ago, reports The NPD Group. Total U.S. traffic volume for commercial restaurants in the year ending June was 61 billion visits.
Industry bright spots this summer include quick service restaurant traffic gains and continued visit growth to fast casual restaurants, although increases are not as strong as in previous years, according to NPD’s ongoing foodservice market research. Digital orders, which include internet/mobile app and text message orders for carry out and delivery, are growing rapidly but still represent a small amount of traffic share. On premise dining is also realizing visit gains this summer.
NPD’s SalesTrack® Weekly, which is a national weekly same-store sales pulse of 60 participating brands representing over 113,000 QSR and full service locations, showed...
Red Robin Gourmet Burgers Reports Results for the Fiscal Second 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 July 14, 2019.
Second Quarter 2019 Financial Highlights Compared to Second Quarter 2018
Denny's Brings Back Super Slam Deal and Seasonal Offerings
Today, Denny's is giving America another chance to enjoy more breakfast items for less with the return of the $5.99 Super Slam. Back by popular demand, the Super Slam is made with high-quality ingredients featuring two fresh eggs, two bacon strips, two sausage links, crispy hash browns and two fluffy buttermilk pancakes. An optional upgrade to seasonal favorite pumpkin pancakes is also available for only 49 cents. The Super Slam delivers the variety and outstanding value that Denny's is known for.
"At Denny's, we pride ourselves on offering our guests high-quality options at unbeatable prices," said John Dillon, chief brand officer for Denny's. "Our $5.99 Super Slam delivers the unique and hearty breakfast flavors our guests crave, without having to overspend to enjoy something special. For breakfast, lunch, dinner and...
FAT Brands Continues Expansion in Pakistan With 5-Unit Development Deal
FAT(Fresh. Authentic. Tasty.) Brands Inc, parent company of Fatburger, The Last Great Hamburger Stand, announces today the development of five co-branded Fatburger and Buffalo’s Express concepts in Pakistan. In partnership with Crescent Star Foods (Pvt), the co-branded restaurants will increase the brand’s presence in Pakistan to six restaurants.
Hollywood's iconic Fatburger is best known for its mouthwatering, juicy burgers made famous by founder Lovie Yancey in Los Angeles more than 70 years ago. Each Fatburger is made-to-order with traditional fixings and delicious add-on items such as bacon, onion rings, cheese and egg. Buffalo’s Express further complements Fatburger’s menu offerings with...
Ruby Tuesday to Roll Out Two New Meals for a Limited Time
To reach both current and new guests capitalizing on the Ruby Tuesday commitment to flavor and freshness, Ruby Tuesday is rolling out the flavor-filled Cheesy Crunch Burger and Honey Crunch Chicken Sandwich across 460 participating locations for a limited time only, Aug. 19 through Sept. 23. Combining highly appealing ingredients that are both crunchy and spicy, the new items focus on big flavor at an everyday value price of $7.99.
“We want to create meals that highlight the brand’s belief that fresh is best, flavor is key and comfort is a must,” said Jenifer Boyd Harmon, chief marketing officer for Ruby Tuesday. “In addition, we wanted to remind consumers that Ruby Tuesday offers value you can count on without compromising...
Applebee’s Nationwide Delivery Has Arrived
Applebee’s Neighborhood Grill + Bar just made dining at home or on-the-go easier, more convenient and more flavorful with Applebee’s Delivery℠ available at participating restaurants nationwide. Now, wherever you are, you can order online at Applebees.com or through the mobile app and Applebee’s Delivery, powered by DoorDash, will have your favorite mouthwatering Boneless Chicken Wings and Loaded Shrimp Fajitas delivered to your door hot and fresh. For those meals when you’re too tired to cook or just don’t want to pack the family in the car, Applebee’s Delivery has your back.
Applebee’s is celebrating the news in two big ways. First, hungry fans can take advantage of free delivery now through Sunday, September 1 when ordering Applebee’s Delivery. And to commemorate Applebee’s new partnership with NBC Sports’ Football Night in America, free delivery will continue...
FAT Brands Reports Fiscal Second Quarter 2019 Financial Results
FAT Brands Inc. today reported fiscal second quarter 2019 financial results for the 13-week period ending June 30, 2019.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “We are pleased to report that the considerable growth in revenues was matched by an equally robust increase in adjusted EBTDA and that we leveraged our G&A expenses on our expanded top-line.”
Wiederhorn continued, “We are also excited to have closed on our acquisition of Elevation Burger in June. The brand is well-aligned with our own commitment to fresh, authentic, tasty food and we are confident that it has considerable opportunity to expand domestically and internationally with its organic, free-range, grass-fed offerings. Elevation Burger reflects another synergistic opportunity for...
Applebee's Offers Handcrafted Burger Deal for a Limited Time
Applebee’s has mastered the art of crafting craveable burgers with its Handcrafted Burgers, which are made to order with premium toppings stacked high. Each burger at Applebee’s is made tastier and more flavorful with 100% fresh and never frozen ground beef, smashed on the grill to seal in the juicy goodness, and served with endless classic fries.
Leading the pack is Applebee’s own Quesadilla Burger, available for a limited-time price of only $7.99, starting today. The restaurant’s original creation is part burger, part quesadilla, piled high with Pepper Jack cheese, Applebee’s signature Mexi-ranch sauce, crispy Applewood-smoked bacon, house-made pico de gallo and shredded lettuce in a crisp, warm Cheddar quesadilla. To top it off, this limited-time deal also includes...
Denny's Features Sirloin Steak in New Limited Time Offer
For more than 60 years, Denny's has been offering guests a variety of delicious and affordable menu items for breakfast, lunch, dinner and any time in between. And now, Denny's is dishing up even more value than ever before with its new Sirloin Steak & Eggs available starting today for only $8.99 ($10.99 in some markets), offering guests the perfect combination of breakfast and dinner for less.
For a limited time, guests can enjoy Denny's new Sirloin Steak & Eggs, featuring an expertly seasoned USDA choice sirloin steak, crispy hash browns and two fresh eggs. This winning combination is just one of many new and exciting menu items that has been added to the Denny's menu recently. 78 percent of Denny's menu has been updated to reflect new recipes, higher-quality ingredients and...
Dine Brands Global Inc Reports Strong Second Quarter 2019 Results
Dine Brands Global, Inc. (NYSE: DIN), the parent company of Applebee's Neighborhood Grill + Bar® and IHOP® restaurants, today announced financial results for the second quarter of 2019.
“Our strategy continues to drive significant improvements across key metrics. We have made important decisions over the last two years that have improved our fundamentals and enhanced our ability to deliver sustainable growth. We successfully completed a $1.3 billion refinancing of our securitized debt, replacing our 2014 fixed rate senior secured notes. We are also pleased to announce that Applebee’s franchisees agreed to extend the increase in the advertising contribution rate to 4.25% through the end of next year,” said Steve Joyce, Chief Executive Officer of Dine Brands Global, Inc.
Mr. Joyce continued, “Our performance reflects the strength and stability of our highly franchised business model. While comparable same-restaurant sales at Applebee’s were lower than expected, these results are not indicative of...
The Cheesecake Factory to Acquire Fox Restaurant Concepts and Remaining Interest in North Italia
The Cheesecake Factory Incorporated (NASDAQ: CAKE)today announced that it has entered into definitive agreements to acquire Fox Restaurant Concepts (“FRC”) and the remaining interest in North Italia, reinforcing its leadership position in experiential dining.
“Since making our initial minority investments in North Italia and Flower Child in 2016, we have not only helped fuel the growth of both brands, but also developed a deep relationship with Sam Fox at Fox Restaurant Concepts,” said David Overton, Chairman and Chief Executive Officer of The Cheesecake Factory Incorporated. “We realized the true potential of this relationship as we worked through the integration process for our planned acquisition of North Italia. It became evident that the combination of two of the most experiential and entrepreneurial restaurant companies could drive greater value as one organization.”
Overton continued, “In turn, we have decided to bring together North Italia and Fox Restaurant Concepts, including Flower Child, with The Cheesecake Factory to reinforce our leadership position in...
IHOP Introduces Crispy Chicken to Expand All-Day Menu
IHOP® Restaurants announced today that it is further expanding its all-day menu by launching new, Buttermilk Crispy Chicken. Made with all-natural chicken breasts and a signature seasoning blend, the Buttermilk Crispy Chicken menu features eight delicious new menu items, ranging from savory to sweet and from breakfast to late-night.
The centerpiece of the new menu is Crispy Chicken & Pancakes, which combines three of IHOP’s hot, fluffy World Famous Buttermilk pancakes with four breaded and seasoned chicken breast strips to create what’s sure to become breakfast’s newest obsession. For a limited time...
BJ'S Restaurant & Brewhouse Introduces Three Burger Flavors
Today, BJ's Restaurants, Inc. (NASDAQ: BJRI) announced the addition of three new flavors to their burger offerings with the introduction of two new Loaded Burgers, the Bistro Burger and the Mushroom Swiss Burger, in addition to the new Banh Mi Turkey Burger, which can be found on their lower-calorie EnLIGHTened Entrees® menu. Each burger is loaded with flavor and bursting with ingredients, so much so that they are literally more than a handful. Recent YouGov survey data1 found that there are five main techniques Americans have tried when faced with...
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