Industry News
February 22nd
The national average price for a gallon of gasoline has climbed 11 cents in two weeks, and is 40 cents more compared with a year earlier, forcing consumers to brace for more pain at the pump.
But restaurant brands are not yet feeling the effects.
“T...
February 22nd
Texas Roadhouse Inc., which operates or franchises 360 restaurants, expects to open at least 25 new locations in 2012, and to drive a same-store sales increase of between 4 percent and 5 percent, the company said Wednesday.
Commodity inflation is expected...
February 22nd
Papa John’s International Inc., the parent of 3,883-unit Papa John’s Pizza, grew its unit counts and same-store sales in North America and overseas in 2011, despite aggressive discounting among competitors and commodity inflation.
John Schnatt...
February 22nd
Jack in the Box Inc. posted Wednesday a 63-percent decline in first quarter profit, as commodity and restaurant reimaging costs offset growth in same-store sales.
The San Diego-based operator of the Jack in the Box and Qdoba Mexican Grill chains said an 8...
February 22nd
If you want to make money as a chef, it’s better not to work in a restaurant, according to a salary survey by the American Culinary Federation.
The average salary of restaurant workers who responded to the survey was $51,208, compared with $65,415 f...
February 22nd
CiCi’s Pizza is going whole hog with its latest advertising campaign for an addition to its buffet menu.
Under its new agency of record, Publicis Dallas, the 600-unit pizza buffet chain introduced this week the new campaign, “There’s Mor...
February 21st
The Cheesecake Factory Inc. on Tuesday reported a more than 36-percent increase in profit for the fourth quarter on improving guest traffic.
For the quarter ended Jan. 3, the Calabasas Hills, Calif.-based casual-dining operator reported net income of $29....
February 21st
Papa John’s International Inc. capped off its fiscal 2011 with what founder and chief executive John Schnatter called “an exceptional fourth quarter,” increasing the 3,883-unit chain’s store count, same-store sales and net income.
...
February 21st
Jimmy John’s is pulling clover sprouts from its menu after customers fell ill with E. coli traced to the item, the sandwich chain wrote on its Facebook page Tuesday.
At least one other sandwich chain has said it will remove sprouts -- though al...
February 21st
Harsha Agadi, former chief executive of Friendly’s Ice Cream LLC, has been named executive chairman of Quiznos board of managers, the company said Tuesday.
Agadi is one of several new additions to Quiznos’ board following the financial restruc...