casual_dining

Financing

Tech and kitchen upgrades lift profits at Outback Steakhouse

Owner Bloomin’ Brands now plans to reinvest some of the earnings into boosting traffic, which fell 4% in the second quarter.

Leadership

P.F. Chang's CEO Damola Adamolekun steps down

He’s returning to Paulson & Co., the private-equity firm that owns the chain. P.F. Chang’s board member Rohit Manocha will take over on an interim basis.

The chain continued a traffic tear, but rising wages and beef prices dragged down its margins again.

The 216-unit chain said remodels are helping traffic, and that it now plans to do more of them.

The Charlotte, N.C.-based casual-dining chicken wing chain sought Chapter 11 debt protection, citing the impact of the pandemic and an inability to restructure its debt. The company closed 15 locations.

The 32-unit steakhouse chain is waiving delivery fees for customers that order direct, choosing to absorb the considerable cost itself.

The longtime Brinker executive, industry veteran and onetime presidential speechwriter will step down at the end of August.

Tech Check: To quote former Darden Restaurants CEO Gene Lee: "No." Here's why.

Restaurant Rewind: In Part II of our two-part special report on the godfather of casual dining, we look at how the serial entrepreneur walked away from one of the biggest jobs in the business to start all over.

The former president of Taco Bell International will take over leadership at the family dining chain next month. Cochran will become the executive chair through next year.

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