TAMPA Fla. Outback Steakhouse parent OSI Restaurant Partners LLC posted a third quarter of negative same-store sales and widening losses that it blamed on today’s harsh economic conditions. “The recent disruptions in the financial markets...
LOS ANGELES —With financial backing harder to come by in today’s tough economy, restaurant deal makers here say the flow of new restaurants may slow to a trickle. For now, however, Los Angeles...
MINNEAPOLIS Famous Dave’s of America Inc. said it closed its three restaurants in Atlanta because the restaurants were losing money and terminated two leases for restaurants that were slated to open next year in Hoffman Estates, Ill., and...
NEW YORK The National Advertising Division of the Council of Better Business Bureaus has referred advertising by Captain D’s Seafood Kitchen to the Federal Trade Commission after the chain declined to participate in a NAD review based on an ad...
CYPRESS Calif. Real Mex Restaurants Inc., the largest casual-dining Mexican restaurant operator, reported Friday that its third quarter net loss nearly doubled because of slowed sales and higher operating costs, particularly for labor and...
GLENDALE Calif. In an attempt to appeal to budget-conscious diners, the Applebee’s Neighborhood Grill & Bar chain has launched a limited-time offer featuring a large appetizer and two entrees for $20. As part of the "2 for $20" promotion...
WOODLAND HILLS Calif. Just weeks after its 12 top executives agreed to 10-percent pay cuts, the operator or licensor of 30 Daily Grill and Grill on the Alley restaurants has reported an $11.1 million third quarter loss and a consolidated 8-percent...
COLUMBUS Ohio Bob Evans Farms Inc. blamed “an extremely challenging economic environment” as it reported a nearly 27-percent plunge in second quarter profit and lowered its financial outlook for fiscal 2009. For the second quarter ended Oct...
DALLAS Bennigan’s Franchising Co. LP, which is overseeing the 130-unit Bennigan’s Grill and Tavern system, has hired Benjamin Nemo of Scorpio Ventures of Atlanta as a brand and marketing consultant. Nemo implemented Popeyes...
