Restaurant Industry News Archive for 2012

Net income was $1,211,000 or $0.24 per diluted share as compared to net (loss) of $(153,000) or $(0.03) per diluted share for the thirteen weeks ended December 26, 2010;

O’Reilly brings more than 20 years of senior level leadership in consumer driven marketing, brand management and product development, including extensive experience within the quick service restaurant segment

These are the men of Hospitality performance art, and every company needs someone in this role.

A number of the fastest-growing fast-food and fast-casual chains, including Jersey Mike’s Subs, Zaxby’s, Five Guys Burger & Fries and Jimmy John’s, are also among the nation’s best-rated large chains and have sustained their 'overall customer satisfaction ratings' as they’ve grown.

National Restaurant Association’s 2012 Restaurant Industry Forecast Reveals Economic, Workforce, Technology and Consumer Trends

Partnership contributes to Generation 1st Degree, an HSF initiative with the goal of adding more than 14 million new Hispanic college graduates by 2025

Net sales of $1,158.2 million, up 102% over net sales of $574.1 million in the year-ago quarter

Revenue for the quarter was $596.7 million, up 23.7% from the prior year period. The growth in revenue was the result of new restaurants not in the comparable base and an 11.1% increase in comparable restaurant sales. Comparable restaurant sales growth was primarily driven by increased traffic in the quarter as well as the impact of menu price increases implemented between March and August.

Baja Fresh Mexican Grill, the quick-casual fresh Mexican chain, announced the grand opening of its newest Baja Fresh in Niles, IL.

Granite City Food & Brewery Ltd. (NASDAQ:GCFB) recently announced that it has completed the purchase of the assets of five Cadillac Ranch All American Bar & Grill restaurants, in Bloomington, Minnesota; Miami, Florida; Oxon Hill, Maryland; Annapolis, Maryland; and Indianapolis, Indiana, for an aggregate purchase price of approximately $6.2 million.