casual_dining

Financing

G.J. Hart’s vision for Red Robin: Better burgers and more managers

The new CEO wants to get the brand back on track by improving its menu and correcting past missteps.

Financing

Amid troubled economy, Applebee’s says it’s better than ever

The chain has doubled down on value and is getting good results: Three-year same-store sales set a new record in the third quarter.

Traffic was down nearly 7% at the chain after it cut back on discounts, but executives say the new strategy is helping the bottom line.

The casual-dining chain said consumers are accepting of price hikes even as sales slowed. It will need to take even more to fight off inflation.

The brand now believes it can have 900 restaurants in the U.S. That footprint combined with robust sales put it on pace to pass its competitors.

With new leaders of people and digital, the company continues its back-to-basics approach under new CEO Kevin Hochman.

Doug Thompson will become CEO of the five-unit brand he is buying with well-known restaurant investors Bruckman, Rosser, Sherrill & Co. and Rosser Capital Partners.

The casual-dining chain, owned by Fat Brands, has seen strong sales this year. And its sales are up in Florida.

He’s spent his first months on the job asking field-level staff and even suppliers what the brand should do differently. It's resulted in an avalanche of fresh ideas.

After casting doubt on the future of the popular promotion, the chain is reviving it as sales and traffic slow.

  • Page 15