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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...
All You Can Eat Riblets, Chicken Tenders & Shrimp Is Back at Applebee’s by Popular Demand
Summer is officially here, and longer days and hot nights are the best excuses to ditch the kitchen and head out for dinner. Starting today, All You Can Eat Riblets, Chicken Tenders & Shrimp makes its triumphant return to Applebee’s® restaurants nationwide starting at only $14.99*.
With Double Crunch Shrimp joining the lineup earlier this year to make the ultimate All You Can Eat trio, we had to give it another chance to shine just in time for summertime...
Hooters of America Acquired by Nord Bay Capital and TriArtisan Capital Advisors
Hooters of America, LLC (“HOA”, “Hooters” or the “Company”) announced today that Nord Bay Capital (“Nord Bay”) and its advisor TriArtisan Capital Advisors LLC (“TriArtisan”) have closed on a transaction to acquire HOA from H.I.G. Capital (“H.I.G.”), Chanticleer Holdings (NASDAQ: BURG) and other investors. Financial terms of the deal were not disclosed. As part of the transaction, the selling entities will each retain a stake in the Company.
Terry Marks, Chief Executive Officer, HOA commented: “The partnership with Nord Bay and TriArtisan comes at an ideal time for the company, bringing fresh partners with complementary skills and experience to support our next phase of growth to the benefit of...
Famous Dave's Announces Partnership with Beyond Meat
Famous Dave's is pleased to announce a partnership with Beyond Meat and will be launching a test of plant-based protein menu items in mid-August. The test will roll out initially in five locations, four throughout Colorado and one in Minneapolis, MN.
"For 25 years, our menu has included meat alternative options. In listening to our fans, we see tremendous opportunity to cater to their evolving palates and look forward to expanding the menu even further," said Jeff Crivello, CEO of Famous Dave's. "We remain committed to continued menu innovation and look forward to exploring delicious plant-based options for our guests."
The Famous Dave's culinary team has gone through months of testing, experimenting with different recipes and ingredients. The savory Beyond Meat test menu items will include...
FAT Brands Completes Acquisition of Elevation Burger
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) announced that it has successfully completed the acquisition of Elevation Burger for $10 million which was funded through a combination of sellers’ notes and cash. With the acquisition of Elevation Burger, FAT Brands now franchises more than 400 restaurants around the world with annual system-wide sales exceeding $400 million.
Elevation Burger was originally conceived in 2002 by Hans Hess as a healthier burger offering. Delivering authentic, sustainably prepared food, Elevation Burger offers grass-fed, free-range options that are better for consumers and for the environment. Elevation Burger franchises 44 locations across the U.S. and internationally. Utilizing FAT Brands' vast expertise and resources, the acquisition is set to propel Elevation's forthcoming expansion, both globally and domestically...
Chili's Partners Exclusively with DoorDash
Chili's® Grill & Bar, a leader in the casual dining industry, is also leading the category in off-premise innovation. To build on that momentum, starting today, Brinker International, Inc., the parent company of Chili's and Maggiano's Little Italy®, has entered into an exclusive agreement with DoorDash, the nation's largest on-demand destination for door-to-door delivery, that brings delivery of Chili's favorites to Guests from more than 1,000 participating restaurants nationwide.
"We chose DoorDash as an exclusive partner because they have a leading market share in areas where Chili's restaurants are located and have a fast growing delivery platform," said Wyman Roberts, chief executive officer of Brinker and president of Chili's. "While we tested delivery with several partners, DoorDash integrated seamlessly into our operations, demonstrated the ability to drive incremental sales and provided...
Hard Rock International Debuts its Most Extensive Menu Innovation
Hard Rock International is announcing its most extensive menu innovation in the company's history with more than 20 new offerings debuting in locations around the world on Friday, June 14, 2019. The legendary restaurant's new menu puts the spotlight on its lineup of all-new, award-winning Steak Burgers, headlined by the world's first edible 24-Karat Gold Leaf Steak Burger™ that will benefit Action Against Hunger.
Steak Burgers aren't the only items making their debut on Hard Rock's new menu, which also includes Instagram-worthy Boozy Milkshakes, Sliders and Shareables that encourage adventure and exploration, allowing fans to curate their most flavorful playlist. The global launch of the new menu coincides with...
Cracker Barrel Reports Third Quarter Fiscal 2019 Results
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the third quarter of fiscal 2019 ended May 3, 2019.
Third Quarter Fiscal 2019 Highlights
Red Robin Gourmet Burgers Reports Results for the Fiscal First Quarter Ended April 21, 2019
Red Robin Gourmet Burgers, Inc., (NASDAQ:RRGB) last week reported financial results for the quarter ended April 21, 2019.
First Quarter 2019 Financial Highlights Compared to First Quarter 2018
Guests can Now Order P.F. Chang's with Uber Eats Across the U.S.
Enjoying P.F. Chang's menu of made-from-scratch favorites just got even easier. Now, guests across the U.S. can order P.F. Chang's using their Uber Eats app.
"Uber Eats is one of the fastest growing off-premise delivery companies in the U.S.," said Tana Davila, P.F. Chang's senior vice president. "We are excited to partner with them and make our food even more accessible to current and new customers."
Uber Eats is fully integrated throughout P.F. Chang's restaurant point-of-sale system, ensuring seamless order placement and timely delivery of orders from the entire made-from-scratch menu in restaurants across the country. P.F. Chang's will continue to offer...
The Cheesecake Factory Reports Results for First Quarter of Fiscal 2019
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2019, which ended on April 2, 2019.
Total revenues were $599.5 million in the first quarter of fiscal 2019 compared to $584.7 million in the first quarter of fiscal 2018. Net income and diluted net income per share were $27.0 million and $0.60, respectively, in the first quarter of fiscal 2019.
Excluding the after-tax impact of the $1.5 million loss on the Company’s minority investments, net income and diluted net income per share for the first quarter of fiscal 2019 would have been $28.1 million and $0.62, respectively. Please see the Company’s reconciliation of non-GAAP financial measures at the end of this release...
How Food Trucks are Adding a Fresh Twist to Casual Dining
As the appetite for trying new foods grows and consumers actively seek out new dining experiences, the traditional lines between eating out in restaurants or tucking into street food are blurring.
Food trucks are one of the main reasons why.
Whether they specialise in luxury noodles, artisan pizza or tacos with a twist, growing numbers of street food traders that started off life in food trucks are making the transition to bricks-and-mortar stores.
It all adds up to a more exciting local dining scene, says Ian Hanlon, director at JLL Foodservice Consulting.
“Today’s food trucks offer high-quality ingredients and often champion local produce ...
Quaker Steak & Lube Unveils New Limited-Time Offers and Beverage Menu Perfect for Patio Season
Quaker Steak & Lube, one of the nation's leading family casual-dining restaurant chains with franchise opportunities available, has rolled out a new limited time offer menu, featuring food and beverages that provide guests with fresh, new flavors that build upon the fan-favorite classics for which Quaker Steak is known. At the same time, Quaker Steak & Lube has revamped its all-day beverage menu focusing on quality spirits and trending drink categories.
Just in time for patio season, Quaker Steak's limited-time menu features five new flavor-stacked steakburgers. The line-up starts with a Baja Burger, topped with fresh and spicy south-of-the-border flavors. With continued international flair, the Reuben Burger — piled high with...
TGI Fridays Introduces Four New Sizzling Entrées
When it comes to mouthwatering sizzle that satisfies every appetite, no one does it hotter or tastier than TGI Fridays™, especially with the addition of four new Sizzling Entrées that join two of the brand's most popular, best-selling entrées – Sizzling Chicken & Cheese and Sizzling Chicken & Shrimp.
"Simply put, Fridays always brings the sizzle," said Cindy Syracuse, TGI Fridays Vice President of Marketing. "That's why we decided to expand the Sizzling menu for a limited time only – with taste innovations that celebrate everyone's favorite flavors."
The four new Sizzling Entrées that are featured for a limited time include ...
Dickey’s Guests can Earn Rewards Enjoying Slow-Smoked Barbecue
Dallas, TX (Restaurant News Release) Guests can now earn more rewards for enjoying Dickey’s authentic, Texas-style barbecue when they download the Dickey’s App and enroll in the enhanced loyalty program. Dickey’s loyalty program, Big Yellow Cup Club Rewards, is a point-based system allowing guests to earn free barbecue for being loyal Dickey’s fans.
“The Dickey’s App and our loyalty program were developed in-house to offer rewards fit for barbecue lovers across the nation,” says Laura Rea Dickey, CEO of Dickey’s Barbecue Restaurants, Inc. “It is designed to reward our guests for making purchases at Dickey’s locations nationwide, sharing their experiences with us and ...
Applebee's Bolder Grill Combos Return for a Limited Time
Got a burning love for a great deal? Applebee’s® Neighborhood Grill + Bar guests are in luck with the return of Bigger, Bolder Grill Combos nationwide, starting today at participating restaurants. This fan-favorite offers guests the choice of one of five grill combinations, each featuring a pair of entrees and an abundance of sides for the most extreme value. Starting at only $12.99,* this limited time offer will not set your wallet on fire, but like a flame, it will be gone before you know it.
With everything from Half Rack Baby Back Ribs with Spicy Texas BBQ & Grilled Chicken Breast with Fireball® Whisky-infused Sauce to Crispy Shrimp & Grilled Salmon with Honey BBQ Sauce, this menu is...
Denny's Announces New Menu Additions And Kicks Off Spring With Limited Time Meat Lovers Slam
Starting today, Denny's has added a delicious, high-quality line-up of new, culinary-forward dishes to its menu that is sure to delight hungry guests. In addition to the menu offerings, Denny's is introducing a new hearty member of the value-friendly Slam family: the Meat Lovers Slam. In the spirit of continuing to offer guests more for less, this substantial meal features two fresh eggs, two buttermilk pancakes, three strips of bacon and three sausage links, all for the unbeatable price of $5.99*.
Not to be outdone by breakfast, the Denny's dinner and lunch menu is also introducing flavorful showstoppers like the Southwest Chorizo Burger with pepper jack queso and five pepper sauce and craveable beer-battered onion rings. Not only can guests ...
FAT Brands Announces Multi-Unit Development Deal in Shanghai
FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”), parent company of Fatburger, The Last Great Hamburger Stand™, announces the development of six new co-branded Fatburger and Buffalo's Express restaurants throughout Shanghai with Bloomfield Pty. Ltd. The new locations will build on FAT Brands' existing presence in China, where the company currently operates multiple successful locations in both Beijing and Shanghai.
Fatburger, the beloved Hollywood burger chain founded by Lovie Yancey, maintains and upholds its unique culture and trademark menu offerings crafted by founder Lovie Yancey when she launched the brand almost 70 years ago. Each Fatburger burger is made-to-order with traditional fixings and ...
The Emerging Foodservice Brands of 2019
A recent report by Fishbowl has defined emerging brands in the restaurant industry as chains with 5-75 units that exhibit a strong promise of potential growth in the future and embrace developments that are innovative and unique. These locations generate excitement, and consumers express interest in discovering these restaurants as the brands grow. The 2019 list was developed by survey analytics to obtain nominees from industry experts, food enthusiasts, executives, and advisors. Fishbowl then leveraged proprietary social data software to analyze more structured reviews, check-ins, and ratings. The Fishbowl Social Score was also used to rank the brands, using key performance indicators to rate restaurants on a score derived from the mining of consumer feedback. The algorithm is calculated on each brand's sentiment score, consumer ratings, check-in frequency, an enthusiasm index, and ...
Red Robin Gourmet Burgers Becomes the Largest Restaurant Chain to Serve the Impossible Burger
Red Robin takes its menu of innovative, gourmet burgers very seriously, and its newest addition is no joke! Starting on Monday, April 1, guests visiting Red Robin Gourmet Burgers and Brews nationwide can order The Impossible™ Burger, which delivers all the taste, aroma and beefiness of meat, but is entirely plant-based. Guests can customize any of their favorite Red Robin burgers by asking for the Impossible Burger patty.
"Our guests have come to expect culinary innovation and variety at Red Robin, so it was important for us to offer a new meatless protein option that appeals to traditional burger lovers, flexitarians or ...
Dickey’s Barbecue Pit Promotes New Chief Financial Officer
Dickey’s Barbecue Pit, the largest barbecue franchise in the world, announces the promotion of Jay Rooney to Chief Financial Officer of Dickey’s Barbecue Pit and its affiliate brands. For the past two years, Jay has served as Vice President of Finance and Accounting until making the move to CFO.
“As a family-owned business, we are always proud to have one of our family members be promoted to the executive level,” says Roland Dickey, Jr., CEO of Dickey’s Capital Group. “In Jay’s time at Dickey’s, he has been passionate about ...
FAT Brands Inc. Reports Fiscal Fourth Quarter and Fiscal Year 2018 Financial Results
FAT(Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) (“FAT Brands” or the “Company”) today reported fiscal fourth quarter and fiscal year 2018 financial results for the 13-week and 52-week periods ending December 30, 2018.
Andy Wiederhorn, President and CEO of FAT Brands, commented, “2018 was our first full year operating with our management platform, which was designed to seamlessly scale with new brand acquisitions. We demonstrated its capability through the smooth integration of both Hurricane Grill & Wings and Yalla Mediterranean into our system. We continue to seek synergistic acquisition opportunities that meet our criteria, where we can leverage our platform to drive efficiencies and growth.”
Because 2018 was our initial full year of operation, comparative information is not available for ...
El Pollo Loco Names Miguel Lozano as New Chief Operating Officer
El Pollo Loco, Inc. (“El Pollo Loco” or “Company”) (Nasdaq: LOCO), the nation's leading fire-grilled chicken chain, today announced the appointment of Miguel Lozano as Chief Operating Officer, effective April 1. Bringing 30 years of restaurant industry experience, Mr. Lozano is the third addition in 12 months to the newly restructured Senior Leadership Team that includes – Hector A. Muñoz, Chief Marketing Officer and Jennifer Jaffe, El Pollo Loco’s first Chief People Officer – to continue the pursuit of the brand’s transformation agenda.
Mr. Lozano returns to El Pollo Loco after having spent a 23-year career at Starbucks, most recently leading Operations primarily in California. Since 2014, he was responsible for running 780 company-operated Starbucks stores in Southern California, which generated over ...
Dickey’s Barbecue Pit Opens New International Location in Dubai
Dickey’s Barbecue Pit opens the second international location in Dubai, after seeing great success with the first opening overseas in Abu Dhabi. The new location was opened by Serenity Hospitality, a group based in the Middle East.
As the largest barbecue franchise, Dickey’s is proud to bring authentic, Texas-style barbecue to different communities across the world. Dubai is only the second international location to open and Dickey’s in partnership with ...
Applebee's 3-Course Meal Deal Returns
Now for a limited time, Applebee’s® Neighborhood Grill + Bar restaurants nationwide are serving unbeatable flavor and choice and giving the people what they want with the return of Applebee’s 3-Course Meal. With your choice of THREE crave-worthy items from a selection of some of Applebee’s most popular dishes – a mouth-watering appetizer, side salad and a delectable entrée – you can build your own feast starting at $11.99. Head to Applebee’s for this unforgettable real meal deal.
“After drawing a big crowd with the successful introduction of the 3-Course Meal last year, we wanted to treat our guests to another round of deliciousness that provides an abundance of value,” said Joel Yashinsky, chief marketing officer at Applebee’s. “We know our guests love bigger portions, and with more than ...
Paulson & Co. Inc. and TriArtisan Capital Advisors LLC Acquire P.F. Chang's China Bistro
Paulson & Co. Inc. ("Paulson"), TriArtisan Capital Advisors LLC ("TriArtisan") and Centerbridge Partners, L.P. ("Centerbridge") today announced that they have closed a transaction in which Paulson and TriArtisan acquired P.F. Chang's China Bistro, Inc. ("P.F. Chang's" or the "Company") from Centerbridge.
Jim Bell, CEO of P.F. Chang's, said, "We want to thank Centerbridge Partners for their strong support of P.F. Chang's. We are fortunate to have a partnership with Paulson and TriArtisan which will allow us to implement a collaborative growth strategy. Paulson and TriArtisan bring financial strength and ...
El Pollo Loco Brings the Taste of Tradition with New, Hand-Rolled Enchiladas
El Pollo Loco, Inc. (“El Pollo Loco” or “Company”) (Nasdaq: LOCO), the nation's leading fire-grilled chicken chain, unveiled all new Enchilada Platters in three different flavor combinations for a limited time: Double Chicken Enchiladas, Chicken & Shrimp Enchiladas and Shrimp & Avocado Enchiladas.
Traditions don’t just feed your craving, they feed your soul. Experience the authentic flavors of these homestyle enchiladas, made with the love and passion you would find from your family’s classic dish. They are prepared with fresh, quality ingredients, including ...
Red Robin Reports Results for the Fiscal Fourth Quarter and Year Ended December 30, 2018
Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), 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 and year ended December 30, 2018.
Financial Highlights for the 12 Weeks Ended December 30, 2018 Compared to the 13 Weeks Ended December 31, 2017
Uber Eats Waives Fee for TGI Fridays
TGI Fridays is partnering with Uber Eats to give consumers a more convenient and wallet-friendly way to indulge in fire-grilled favorites. From February 27th through March 3rd, the restaurant is offering free delivery nationwide through the Uber Eats app with a purchase of $30 or more. The free delivery offer even applies to areas in the Northeast that are still dealing with the aftermath from recent snowstorms.
TGI Fridays Vice President of Marketing, Cindy Syracuse, stated that, "We're thrilled to partner with Uber Eats for this free delivery special, especially at a time when our customers in the Northeast need it most." This limited time offer not only ...
Cracker Barrel Reports Second Quarter Fiscal 2019 Results
Cracker Barrel Old Country Store, Inc. ("Cracker Barrel" or the "Company") (Nasdaq: CBRL) today reported its financial results for the second quarter of fiscal 2019 ended February 1, 2019.
Second Quarter Fiscal 2019 Highlights
The Cheesecake Factory Reports Results for Fourth Quarter of Fiscal 2018
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the fourth quarter of fiscal 2018, which ended on January 1, 2019.
Total revenues were $585.2 million in the fourth quarter of fiscal 2018 compared to $571.8 million in the fourth quarter of fiscal 2017. Net income and diluted net income per share were $16.2 million and $0.35, respectively, in the fourth quarter of fiscal 2018.
The Company recorded a pre-tax charge of $15.0 million during the fourth quarter of fiscal 2018, including $13.9 million in non-cash impairment primarily related to one restaurant in each of the Cheesecake Factory, Grand Lux Cafe and RockSugar Southeast Asian Kitchen brands. Excluding the after-tax impact from this item, net income and diluted net income per share for the fourth quarter of fiscal 2018 would have ...
Dine Brands Global, Inc. Reports Strong Fourth Quarter and Fiscal 2018 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 fourth quarter and fiscal 2018.
“Dine Brand’s strong performance in the fourth quarter and throughout 2018 is the result of a clear strategic vision and unwavering commitment to sustainable growth. Both Applebee’s and IHOP have outperformed their respective categories by delivering on comprehensive efforts to drive their businesses and delight guests. The momentum we are seeing is bolstered by meaningful improvements in the in-restaurant experience, ongoing investment in guest-facing technologies, breakthrough marketing and further extending our off-premise platforms for both brands. I am very proud of the Dine teams, our franchisees and ...
Wing Zone Set to Open a Dozen New International Locations in 2019
Coming off the 25th year since the brand’s founding, Wing Zone continues to find a growing fan base overseas and has plans to open an average of at least one new international location per month in 2019. Heading into the year, the company operates 24 restaurants in 5 countries outside of the United States and has plans to open seven new Wing Zone units in Panama and five additional restaurants in Manila, the capitol of the Philippines, before the end of the year.
“The Wing Zone model and focus on an innovative, flavor-themed menu has resonated strongly in international markets,” said Hair Parra, COO of Wing Zone and head of international development. “Chicken is a huge part of the daily menu internationally and our bold flavors, early entry and established brand recognition overseas and convenient delivery model, all combine to help the Wing Zone brand expand outside of ...
Red Robin Gourmet Burgers and Brews Jump Starts 50th Celebration with Forever Yummm Food Truck Tour
Red Robin Gourmet Burgers and Brews is fueled up and ready to hit the open road. The casual dining restaurant famous for serving more than two dozen craveable, high-quality burgers and bottomless sides is kicking off its 50th Anniversary Celebration with the Forever Yummm Food Truck Tour. The custom-built truck is embarking on a three-and-a-half-month, 9-state tour to treat fans to free samples of Red Robin's signature steak fries, a guest favorite for five decades.
"Red Robin has been serving up Bottomless Fun and Gourmet Burgers for 50 years and we look forward to bringing the Yummm for 50 more," said Denny Marie Post, president and chief executive officer. "Through the years, while the restaurant has changed, and the menu has evolved, the brand continues to ...
P.F. Chang's Celebrates Chinese New Year with Limited Time Offers
P.F. Chang's is unveiling its Year of the Pig celebration starting February 5. Each day through March 25, 2019, P.F. Chang's is featuring three new Year of the Pig hand-crafted cocktails. Guests that dine in the restaurant will also receive a limited-edition Fortune-Telling Pig, that, once placed in the palm of the hand, reveals your hidden secrets. For the first time, P.F. Chang's is also launching a Chinese New Year-inspired gift card featuring a pig made entirely of fresh peppers, with chili seeds positioned to create the Chinese symbol for 'pig.' The Year of the Pig gift card will be available online and in restaurants throughout 2019.
"P.F. Chang's is a thoroughly modern Asian restaurant with lasting connections to its Chinese heritage," said Tana Davila, P.F. Chang's senior vice president of marketing and brand development. "We celebrate Chinese New Year as an homage to the culture that created us and to share good fortune with our guests in the best way we know how – delicious food and drinks ...
Maggiano’s Named America’s Favorite Casual-Dining Chain
The passion of Maggiano’s Little Italy Teammates is simple – make every Guest feel special. From made-from-scratch, classic Italian-American dishes served family style to its welcoming, family atmosphere, Maggiano’s sets the bar high.
Maggiano’s Guests agree.
According to an annual restaurant industry study from Market Force Information – one of the most cited in the industry – Maggiano’s is America’s Favorite Casual-Dining Chain, winning this year’s title with a composite loyalty index score of 64 percent.
The study polled more than 6,000 consumers to understand America’s favorite casual brands in seven categories, such as pizza, breakfast, steakhouse, Italian and ...
Buffalo Wings and Rings Prepares for Huge Wing Sales on Game Day
With the biggest football game of the year approaching on Sunday, February 3, and with the shift in consumer focus to third-party delivery, takeout and catering options, Buffalo Wings & Rings is prepared to offer customers a variety of deals they can enjoy either in a restaurant or in the comfort of their own homes with family and friends.
Gameday deals will include bundled party packs, special pre-order discounts, brand merchandise and more.
“More customers want to enjoy their favorite foods at home, and Buffalo Wings & Rings is proud to offer them that option,” said Buffalo Wings & Rings CEO Nader Masadeh. “This is historically one of our biggest sales days throughout the system, and ...
Buffalo Wild Wings has Money on Overtime, will Pay Out Free Wings if Game has an OT Finish
Whether it’s persuading a referee to reverse a sure touchdown, triggering the field’s sprinklers to trip a player about to score, or turning on the stadium’s industrial fans to blow a game-winning field goal wide, Buffalo Wild Wings ads have long touted its ability to influence the outcome of games by sending them to overtime. This year, America’s largest sports bar is taking this claim to the next level on football’s biggest stage to see if its “overtime button” really works. If the game on February 3 in Atlanta goes to overtime, Buffalo Wild Wings will celebrate by giving America free wings.
The Buffalo Wild Wings overtime button has apparently been working all year with a regular season that saw 15 overtime games, and for the first time in history, two postseason OT games in the same day. If this final game goes into extra time ...
Luis Ruvalcaba Jr. Named Chief Operating Officer at On The Border Mexican Grill & Cantina
On The Border Mexican Grill & Cantina® has announced the addition of Luis J. Ruvalcaba, Jr. to its executive team as Chief Operating Officer. Ruvalcaba brings more than 25 years of service and hospitality operations experience, with specializations in talent development, operational excellence, and industry leading results to the On The Border team.
“We’re thrilled to have Luis join the On the Border Team!” said Matt Hood, Chief Executive Officer for On The Border. “He shares our company-wide goal of pushing performance forward in strategic ways to deliver sustainable results. Luis will be a tremendous asset in helping us reclaim our position as the leader in Mexican Casual Dining ...
Denny's Brings Even More Value and Flavor to Breakfast Favorites
Denny's is celebrating the new year with an even tastier breakfast lineup, offering guests more value and variety than ever before. For a limited time only, guests can enjoy the Super Slam-pler featuring two buttermilk pancakes, one thick slice of French toast sprinkled with powdered sugar, two eggs, and two bacon strips for only $5.99. What's more, starting at just $6.99, America's diner will now feature four craveable new omelettes, all with a deliciously surprising twist and packed full of flavor.
"With our new Super Slam-pler, we're serving up even more of the food our guests crave, without sacrificing on taste or budget," said John Dillon, chief brand officer for Denny's. "At Denny's, we are constantly looking for ways to deliver more for less, and the incredible value we've packed into this new breakfast lineup is ...
On the Border Kicks Off Endless Tacos Starting January 7th
Endless Crunchy and Soft Tacos for just $8.99
To kick the new year off with a delicious start, On The Border Mexican Grill & Cantina® will be offering guests the opportunity to enjoy as many Seasoned Ground Beef or Chicken Tinga tacos as they want for just $8.99, all day, any day. The tasty deal starts Monday, January 7, and will be available at all participating On The Border restaurants for a limited time.
"Endless Tacos is for all taco lovers out there," said Rebecca Miller, Senior Vice President of Marketing for On The Border. "Endless Tacos at OTB means endless opportunity for our guests to enjoy their favorite tacos round after round ...
Lynn Schweinfurth Named Executive Vice President and Chief Financial Officer for Red Robin
Red Robin Gourmet Burgers, Inc., (NASDAQ: RRGB), today announced the appointment of Lynn Schweinfurth as executive vice president and chief financial officer, effective January 28, 2019. As the Company previously announced, Guy Constant, Red Robin's current executive vice president and chief financial officer, will move to lead Company and Franchise operations, development and facilities as executive vice president and chief operating officer.
Ms. Schweinfurth will be responsible for leading all financial disciplines at Red Robin including accounting, strategic and financial planning, operations analysis, treasury and ...
IHOP Announces New 'All You Can Eat Pancakes' Deal with Any Breakfast Combo
New in 2019, Guests Can Choose from Unlimited Stacks of Delicious Buttermilk Pancakes with a Classic Egg and Meat Combo or Get a Full Order of All You Can Eat Buttermilk Pancakes for Just $4.99
IHOP is starting the New Year off with a delicious tradition by bringing back its wildly popular 'All You Can Eat Pancakes' promotion and this year, IHOP will sweeten the deal. For a limited time, guests can enjoy unlimited refills of the brand's hot, fluffy Buttermilk pancakes with any classic breakfast combo. Guests can also enjoy a full stack of never-ending Buttermilk pancakes for just $4.99.
The current promotion is available January 2 through February 24, 2019 at participating IHOP restaurants nationwide. Offer is valid per guest, per order, dine-in only and includes a choice between ...
All you can Eat Riblets and Chicken Tenders Back at Applebee’s and Better with Double Crunch Shrimp
Get Ready to Get Satisfied with Mountains of Riblets, Tenders or Shrimp for a Limited Time
Starting today, the famous, mouth-watering, All You Can Eat Riblets & Chicken Tenders returns to Applebee’s® restaurants nationwide, but that’s not all – this all-star cast also features Double Crunch Shrimp. This new Applebee's All You Can Eat Riblets, Chicken Tenders & Double Crunch Shrimp menu starts at just $14.99 for your favorite meats plus a side of Coleslaw and All You Can Eat Classic Fries. Hurry in, because this unlimited feast will only be around for a limited time.
“Our All You Can Eat Riblets & Chicken Tenders limited time offer was a smashing success in 2018, and we’re excited to bring it back to kick off 2019, but we’ve made the guest-favorite even better ...
TripAdvisor Reveals the Top Restaurant Chains in America for 2019
Eddie V's Prime Seafood, The Capital Grille and Ruth's Chris Steak House Best Reviewed Small, Medium and Large Chains in the U.S.
TripAdvisor today announced a new ranking revealing the top restaurant chains in the U.S. for 2019 based on millions of reviews and opinions from TripAdvisor diners. In this first-ever list, TripAdvisor highlights 30 restaurant chains of all types – inclusive of fine dining, casual dining, quick service and fast casual. Honorees are organized into three categories based on the number of property locations listed on TripAdvisor: small, medium and large.
Rankings for each restaurant chain were determined using an algorithm that took into account the quality, quantity and recency of reviews from all of a chain's property locations that were listed on TripAdvisor during a 12-month period ...
Applebee's Purchases 69 Restaurants In Franchise Transaction
Today, Applebee's Grill and Bar announced the closing of the transaction purchasing 69 restaurants in North and South Carolina. The restaurants will be operated under industry veteran and Applebee's chief operating officer, Kevin Carroll.
"Through the third quarter of 2018, Applebee's business performance has been the best it's been in more than a decade as we continue to lead the casual dining category," says John Cywinski, Applebee's brand president. "I'm pleased with this transaction and confident in our plans to evolve and selectively refine our restaurant portfolio. We are consistently reviewing our portfolio and making strategic decisions to better position our brand for the future."
Applebee's same-restaurant sales increased 7.7 percent in the third quarter, a majority of which was driven by traffic, resulting in a third quarter year-to-date comp sales increase of...
Applebee's Neighborhood Grill & Bar Purchases 69 Restaurants In Franchise Transaction
Company announces successful transaction of 69 restaurants in North and South Carolina; Comes to resolution with RMH franchise group following court decision
Yesterday, Applebee's Grill and Bar announced the closing of the transaction purchasing 69 restaurants in North and South Carolina. The restaurants will be operated under industry veteran and Applebee's chief operating officer, Kevin Carroll.
"Through the third quarter of 2018, Applebee's business performance has been the best it's been in more than a decade as we continue to lead the casual dining category," says John Cywinski, Applebee's brand president. "I'm pleased with this transaction and confident in our plans to evolve and selectively refine our restaurant portfolio. We are consistently reviewing our portfolio and making strategic decisions to better position our brand ...
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