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Casual Dining

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.

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

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.

Leadership

Bloomin' Brands CEO Dave Deno is retiring

By Joe Guszkowski on May 07, 2024

Deno has spent 12 years with the Outback Steakhouse owner including the past five as CEO. The company's board is searching for his replacement.

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.

Operations

BJ's margins make a leap, with help from AI

By Joe Guszkowski on May 03, 2024

A new AI-powered scheduling tool, among other initiatives, helped make the casual-dining chain's restaurants more profitable in the first quarter.

Financing

TGI Fridays sells licensing rights to Kraft Heinz to pay off debt, report says

By Joe Guszkowski on May 03, 2024

The deal gives Kraft Heinz the right to use Fridays’ brand name on retail products in perpetuity.

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.

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