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casual_dining

Financing

Red Lobster closes dozens of locations nationwide as bankruptcy looms

 By Joe Guszkowski on May 13, 2024

The wave of at least 99 closures across the country comes as the seafood chain is reportedly planning to file for bankruptcy.

Financing

Red Lobster owner expects to sell its share of the chain this year

 By Joe Guszkowski on May 09, 2024

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

Financing

Applebee's bets more discounts will reverse sales declines

By Joe Guszkowski on May 08, 2024

The casual-dining chain lost business from lower-income guests but believes promotions like $1 margaritas will bring them back.

Operations

The Cheesecake Factory benefits from a more discerning consumer

By Joe Guszkowski on May 08, 2024

Traffic at the casual-dining chain held steady thanks to what it called a “flight to quality” by customers on a budget.

Financing

Outback Steakhouse parent considers selling its restaurants in Brazil

By Joe Guszkowski on May 07, 2024

Refranchising is also on the table for Bloomin' Brands' nearly 200 locations in the country, where Outback is very popular.

Operations

Texas Roadhouse continues its hot streak

By Joe Guszkowski on May 03, 2024

The chain reported another quarter of impressive sales and traffic growth, and its margins increased, too.

Financing

STK parent One Group completes acquisition of Benihana for $365M

By Joe Guszkowski on May 01, 2024

The deal nearly triples One Group's footprint and brings its total annual revenue to more than $1 billion.

Operations

3 reasons Chili's is doing so well right now

By Joe Guszkowski on Apr. 30, 2024

A focus on value and operations is helping both sales and profits at the casual-dining chain.

Food

Chili's takes shot at the Big Mac with new Big Smasher burger

By Joe Guszkowski on Apr. 29, 2024

The burger mirrors McDonald’s signature sandwich in almost every way and continues Chili’s efforts to steal share from fast-food chains.

Operations

After a long winter, spring brings signs of life to Applebee's and Outback

By Joe Guszkowski on Apr. 26, 2024

Data from Placer.ai shows that full-service traffic perked up in March after a difficult end to the year.

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