Restaurant Finance News and Trends

News, trends, and advice on economic indicators, availability of capital, investment potential, franchise opportunities, and financial metrics in foodservice, full-service restaurants, and the hospitality industry.

 

Educated Urbanites: The New Foodies

An expanding and tasteful demographic is garnering attention from full-service restaurants. Should you target them, too?

The Ups and Downs of Development in Major Metro Areas The Ups and Downs of Development in Major Metro Areas

Opening a full-service restaurant in a major metropolitan area delivers a different set of challenges than opening one in a smaller city or rural area.

Bob Evans Reports Offers to Sandell in Proxy Fight Bob Evans Reports Offers to Sandell in Proxy Fight

Bob Evans Farms, Inc. has filed with the Securities and Exchange Commission its preliminary proxy statement in connection with its 2014 Annual Meeting of Stockholders.

3% Industry Growth Projected for 2014 3% Industry Growth Projected for 2014

Following lackluster first quarter results, largely weather-related, Technomic estimates 3 percent industry growth for 2014, a downward shift from its initial annual forecast of 3.5 percent. Updated estimates s

Olive Garden, Red Lobster Face Sizable Sales Declines Olive Garden, Red Lobster Face Sizable Sales Declines

Sales at Darden grew to $8.76 billion in fiscal 2014, which ended May 25, 2014, up 2.4 percent from 2013.

Elephant Bar/Wok Kitchen Files For Chapter 11 Bankruptcy Elephant Bar/Wok Kitchen Files For Chapter 11 Bankruptcy

S.B. Restaurant Co. dba Elephant Bar Global Grill/Wok Kitchen has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Central District of California, Santa Ana Division. 

Kona Grill Announces Plans for IPO Kona Grill Announces Plans for IPO

Kona Grill, Inc., an American grill and sushi bar, announced it is offering to sell 2 million shares of its common stock in an underwritten public offering. In addition, selling stockholders are offering to sell an additional 300,000 shares in the offering. The Company also e

Famous Dave's Announces Management and Board Changes Famous Dave's Announces Management and Board Changes

Famous Dave's of America announced the official appointment of Ed Rensi as to chief executive officer. The company also announced Richard A. Pawlowski will be named the company's chief financial officer, effective June 2, 2014. 

Traffic Down, Average Check Up at Cracker Barrel Traffic Down, Average Check Up at Cracker Barrel

Cracker Barrel Old Country Store, Inc. today reported financial results for the third quarter of fiscal 2014 ended May 2, 2014. While customer traffic declined 2.9 percent, the average check increased 2.6 percent, partially offsetting the decline in visits. 

TGI Fridays Sold for $800 Million TGI Fridays Sold for $800 Million

TGI Fridays has been sold by Carlson Restaurants Inc. to private-equity firms Sentinel Capital Partners and TriArtisan Capital Partners, according to multiple reports.

Restaurant Sales Up in April

The second quarter of 2014 started on the right foot for the restaurant industry with positive same-store sales in April, marking the second consecutive month of positive results, according to The Restaurant Industry Snapshot from Black Box Intelligence and People Report.

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