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sales & profits

Financing

Technomic: October sales improve, but not for everybody

Customers flocked to chicken and steak chains and away from sports bars, according to the latest Technomic Chain Restaurant Index.

Financing

Casual-dining chains see some progress

Led by Applebee’s and BJ’s, dine-in chains were big winners last quarter, says RB’s The Bottom Line.

Weakening same-store sales and slower-than-expected store openings sent the share price down as much as 45%.

But comps rebounded into positive territory last month, the operator says.

The Mexican casual chain puts the blame on escalating labor costs and the effects of bad weather.

Traffic and check averages also declined.

The company’s stock price fell after same-store sales declined for the first time in years.

The company’s North America same-store sales declined nearly 10% in the third quarter.

The company said that its sales growth has continued into the fourth quarter, sending shares to new highs.

Comps jumped 7.7% for Applebee’s and 1.2% for IHOP.