ORLANDO Fla. Darden Restaurants Inc., one of the nation’s largest casual-dining operators, joined its segment competitors in reporting negative same-store sales at each of its five major brands for its latest quarter...
NEW YORK Casual-dining chains should close a net of 1,200 locations, or about 7 percent of the segment’s capacity, to restore a supply and demand equilibrium with restaurant consumers, said John Glass, a securities...
Variety is the spice of life. It also may be the most needed element to spark sales for quick-service chains. A plethora of new menu items are set to launch starting this month, and both operators and...
HOUSTON Landry’s Restaurants Inc. swung to a fourth-quarter profit from a year-earlier net loss on gains from insurance proceeds that helped offset sluggish sales at the casual-dining and gaming company. For...
ATLANTA Wendy’s/Arby’s Group Inc. said Thursday it amended the company’s credit facility, adding Wendy’s as a co-borrower to Arby’s debt, to increase financial flexibility. The amended credit agreement...
CHICAGO Morton’s Restaurant Group Inc. said it expects a first-quarter same-store sales decline of between 20 percent and 22 percent, as the fine-dining steakhouse operator faces declining guest traffic amid an era of...
NEW YORK Despite all of the stormy speculation surrounding the U.S. economy in general and the restaurant industry in particular, some silver linings are making their way through the clouds. Consumers, the...
It’s never too late to lend a helping hand.Occasionally viewed as buyout-hungry titans or financial engineers, private-equity firms these days are stepping into the role of white knight by using their expertise to...
OAK BROOK Ill. McDonald’s Corp. said first-quarter results will be hurt by volatile foreign currency exchange rates and higher commodity costs, even as sales continue to surge. Posting better-than-expected...