sales and profits

Financing

LongHorn Steakhouse sales soar as Darden moves closer to recovery

Olive Garden’s sales increased relative to 2019, while the casual dining operator’s fine dining concepts see improvements.

Financing

Ruth’s Chris sales make a recovery

The upscale steak chain’s same-store sales have been up over 2019 so far this quarter as consumers returned to in-restaurant dining.

With more of its eatertainment locations reopening, the chain expressed optimism as it released its Q1 earnings Thursday.

Telecommuting has been in decline as pandemic worries ease. That could help some restaurants, but commercial areas may never be the same, says RB’s The Bottom Line.

Because of a new approach to hiring and training, the casual chain should be fully staffed by early summer, CEO Paul Murphy told investors.

The company has a new franchise sales effort and is opening in REEF Kitchens, but it allowed operators to close underperforming locations last quarter.

The chain’s sales “significantly exceeded” expectations in the first quarter as morning sales did well, but customers came in the rest of the day, too.

With vaccinations climbing and restrictions easing, normal conditions--sales levels included--are returning at numerous restaurant chains.

The burger chain, which avoided bankruptcy after its parent company repaid its debt, saw revenues decline while many stores remain closed.

Smaller publicly owned chains had a more mixed Q1 and April than many of their larger counterparts.

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