Molly Gise

Crumbs inks $66M purchase deal 
34-unit chain looks to expand to 200 stores in three years
P.F. Chang's co-CEO Bert Vivian to step down 
Vivian's responsibilities will go to co-CEO Rick Federico, and chief financial officer Mark Mumford.
Sales improve for many restaurants in 3Q 
A segment-by-segment look at this week’s reports
DineEquity to sell 56 Applebee's for $38M 
Franchisees buy stores in Missouri, Illinois and Virginia.
Landry's shareholders approve buyout 
Founder Tilman Fertitta to take company private
Claim Jumper files for Ch. 11 
Investor to acquire company's assets as part of reorganization
McAlister's appoints Frank Paci as CEO 
Paci will assume his new role at the 295-unit fast-casual chain Sept. 27.
Investor Sardar Biglari buys stake in Sonic 
The well-known activist investor holds a 5.9-percent stake in Sonic.
High-end restaurant chains say business, travel spending up 

The return of business travel and conventions is driving traffic at fine-dining chains, many of which have recently reported positive same-store sales after suffering from empty dining rooms during the recession.

While steakhouse chains including Morton’s, Ruth’s Chris and The Capital Grille have taken advantage of the increased spending among their core markets, the high-end seafood chain McCormick & Schmick’s says it has suffered from the Gulf oil spill, which has kept consumers away.

Macaroni Grill shakes up leadership 
Norman Abdallah named chief executive, replacing Brad Blum.
Luby's posts 3Q profit, improved sales 
Luby's Inc. said it swung to a profit in the third quarter from a year-ago loss because of improving sales, more catering business and reduced costs.
Logan's Roadhouse parent files for IPO 
LRI Holdings Inc. filed for a $200 million initial public offering with securities regulators on Monday.
Memorial Day travel kicks off summer season 
More Americans were expected to hit the road Memorial Day weekend, kicking off a summer that foodservice operators hope will continue to fuel the sales recovery that began for many this spring.
Cracker Barrel's 3Q profit up on higher sales 

Cracker Barrel Old Country Store Inc. reported a 21-percent jump in profit and positive same-store sales for the third quarter.

Net income for the April 30-ended quarter totaled $14.4 million, or 62 cents a share, compared with a profit of $12.0 million, or 53 cents a share, in last year's third quarter, Cracker Barrel said.

Revenue rose 2 percent to $578.2 million. Same-store restaurant sales were up 0.6 percent, which reflected a 1.6-percent decline in traffic offset by a 2.2-percent bump in the average check. Same-store retail sales increased 3.2 percent.

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