GLENDALE Calif. DineEquity Inc. downgraded its fiscal 2008 outlook for Applebee's on Thursday while blaming the casual-dining chain's third quarter same-store sales negativity and IHOP's nearly flat results on the "very challenging" economic...
MARYVILLE Tenn. Ruby Tuesday Inc., operator or franchisor to 941 namesake casual-dining restaurants, posted on Wednesday first quarter net income of $250,000, the company’s lowest quarterly profit since at least 1994, when public filings for the...
HOUSTON Landry's Restaurants Inc. said its chairman, president and chief executive, Tilman J. Fertitta, is negotiating to buy the company at a "substantially reduced price" from the $21 per share he offered in June. This marks the second time...
LOS ANGELES California Pizza Kitchen Inc. maintained on Tuesday its profit expectations for the third quarter because of cost controls and a 7.4-percent revenue increase that would help alleviate a larger-than-expected drop in same-store sales. ...
CARROLLTON Texas At T.G.I. Friday’s, membership in its guest recognition program is all that and a bag of chips. Friday's said its Give Me More Stripes program has a new perk: a free snack bag of the chain's branded Cheddar & Bacon Potato...
ROANOKE Va. Western Sizzlin Corp. has proposed an exchange offer for up to 680,500 shares of Jack in the Box Inc., which would represent about 1.2 percent of that company's 56.7 million shares outstanding. Jack in the Box said in a...
HEATHROW Fla. Ruth’s Hospitality Group Inc. said Monday that chief executive and president Michael P. O’Donnell had assumed day-to-day responsibility for its Ruth’s Chris Steak House brand following the resignation of chain president Geoffrey D. K...
Faced with escalating costs for everything from food to utilities to delivery surcharges, independent and small-chain operators who can’t benefit from volume-purchasing discounts are finding other ways to balance their budgets.Operators who are...
LA JOLLA Calif. The 16-unit Sammy’s Woodfired Pizza chain said it has hired former Houlihan’s president Dan Clay as chief operating officer. Clay also has served in executive positions at Houston’s Restaurants Inc., Cooker Restaurant Corp....
SACRAMENTO Calif. California on Tuesday became the first state to enact a law mandating the disclosure of nutrition information by chain restaurants, with Gov. Arnold Schwarzenegger signing the industry-supported menu-labeling bill on the day...
