Casual Dining

Leadership

Texas Roadhouse CMO S. Chris Jacobsen resigns

He had been with the chain for 20 years. No reason was given for his departure, and a replacement was not named.

Financing

Applebee's to close more restaurants than it expected this year

The chain said it will finish 2023 with 25 to 35 fewer U.S. locations after identifying more underperforming stores.

The Dine Brands concepts said guests are gravitating toward discounts and opting for pickup over delivery as prices continue to rise.

Prices were up 10.5% in the second quarter, with additional hikes to come. The chain believes its customers can handle it.

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

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 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.

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