NRN surveyed over 400 restaurant operators for our latest market leader report. Discover how these industry leaders are leveraging data to shape their strategies and drive success.
GLENDALE Calif. IHOP has launched a national contest to kick off its 50th birthday celebration and will award the grand-prize winner free pancakes for life. The “It Happens at IHOP” contest allows diners to submit stories about the...
HOUSTON Luby’s Inc., which owns 122 cafeterias in Texas and other states, said its second-quarter profit fell 85 percent from the same quarter a year earlier on higher operating expenses and soft customer traffic. For the quarter ended Feb...
NEW YORK Mike D from the Beastie Boys sported a red t-shirt with a green dragon licking an ice cream cone to the 2006 VH1 Hip Hop Honors. A regular customer of the Chinatown Ice Cream Factory here, he posed for a Wired Magazine cover photo in the...
GLENDALE Calif. IHOP Corp. said it has agreed to sell 41 company-operated Applebee’s Neighborhood Grill & Bar restaurants to the brand’s largest franchisee, Apple American Group of San Francisco. Terms were not disclosed. The units included...
ORLANDO Fla. At least four separate law firms have announced shareholder class-action complaints against Darden Restaurants Inc., accusing the casual-dining operator of misleading shareholders about the company’s performance and outlook for the...
PRINCETON N.J. Sovereign Investment Co. said it has completed a $69 million sale-leaseback transaction to allow Lone Star Funds to recapitalize its investment in Lone Star Steakhouse & Saloon. Sovereign bought 35 of Lone Star’s remaining 180...
ORLANDO Fla. The difficult economic environment caught up with Red Lobster and Olive Garden parent Darden Restaurants Inc. during its February-ended third quarter, as costs rose and sales slowed, a familiar trend for most in the industry. ...
SAN DIEGO Calif. John Wright will step down as chairman and chief executive of the Pat & Oscar’s chain by the end of March as part of a planned management transition, company officials said Monday. Wright, who lives in Charleston, S.C....
Facing discouraging economic forecasts, gloomy consumers with thinning wallets and a weak U.S. dollar, American restaurant franchisors are hinging their growth plans increasingly on far-away lands.In recent weeks, many operators have announced...
TAMPA Fla. Outback Steakhouse is packing newspapers this week with 10 million inserts offering $5 off the casual chain’s current roster of limited-time offers, which range in price from $13.99 to $19.99. The LTOs, which are...
