Restaurant Industry News - Financial

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.

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.

Così, Inc. (NASDAQ: COSI) reported that total revenues for the 2011 fourth quarter increased by $838,000 to $26,193,000 compared to $25,355,000 for the 2010 fourth quarter. The 2011 fourth quarter included one extra week of revenues versus the 2010 fourth quarter.

Consolidated revenues were $615.0 million in the fourth quarter of 2011, an increase of 5.6 percent compared to $582.6 million in the fourth quarter of 2010.

In the 6 month period ended November 30, 2011, Artisanal also recorded non-cash expenses of $1,112,000 for equity and debt-related transactions.

Global same-store sales increased 5.8 percent in the fourth quarter, compared to a 6.0 percent increase last year.

Global same-store sales increased 5.8 percent in the fourth quarter, compared to a 6.0 percent increase last year. For the full year 2011, global same store sales increased 3.1 percent, compared to a 2.6 percent increase in 2010, exceeding the Company’s previous full year guidance of positive 2.0 to 2.5 percent.

Del Frisco’s Restaurant Group, LLC announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of shares of common stock.

Nathan's Famous, Inc. (NASDAQ: NATH) announced the final results of its modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $0.01 par value, at a price per share of not less than $20.00 nor greater than $22.00 per share.