NEW YORK Investor Nelson Peltz and his affiliated funds have dumped their shares in Starbucks, but snatched up a nearly 5-percent stake in P.F. Chang's, according to documents filed Thursday with federal regulators. In the filings, various...
CYPRESS Calif. Real Mex Restaurants Inc., operator or franchisor of the El Torito, Chevys Fresh Mex and Acapulco Mexican Restaurant y Cantina brands, swung to a second quarter net loss from a year-ago profit on a $34 million asset impairment...
LOS ANGELES As proposed menu-labeling legislation took a step forward at the state level this week, local lawmakers in Los Angeles and San Mateo counties advanced measures to require chain restaurants to post nutrition information on menus and...
COLUMBUS Ohio Bob Evans Farms Inc. reported a 3.6-percent year-to-year increase in profit for its July-ended first quarter as sales gains and cost controls helped the company buck many trends hurting the restaurant industry. For the quarter...
HOUSTON Mexican Restaurants Inc., the operator or franchisor of 79 restaurants under seven brands, more than doubled its second quarter profit, mostly on a large tax gain from a fire that shut down one restaurant for 20 weeks. The company...
New York Debt continues to be a four-letter word for the restaurant industry. Standard & Poor’s Ratings Services lowered the corporate credit ratings of Uno Restaurant Holdings Corp. and Sbarro Inc. on Tuesday, saying both companies could...
TAMPA Fla. Outback Steakhouse parent OSI Restaurant Partners' move to sell its six-unit Lee Roy Selmon's chain became the latest victim of the tightened credit markets, as the deal fell through because the buyers could not obtain financing. ...
WOODLAND HILLS Calif. Grill Concepts Inc., operator of 30 upscale restaurants under the Daily Grill and The Grill on the Alley brands, said Monday that higher preopening costs, a legal settlement and negative same-store sales led to the company’s...
