sales

Financing

Bombshells breastaurant chain shuts units

Two have been closed and one is being sold, trimming the full-service sports bar chain to 11 units, all in Texas.

Financing

What to make of a weird year in the restaurant business

A Deeper Dive: Kenny Kraft and Tyler Martinez from Houlihan Lokey join the Restaurant Business podcast to talk about the state of the restaurant industry.

Sales at restaurants and bars increased 1% in September, according to new federal retail sales data. And they’ve been outpacing other industries all year despite consumer concern about menu prices.

Data from Black Box Intelligence and others suggest consumers are ordering restaurant budget deals. But the focus on value doesn’t appear to be generating more customer counts, at least broadly.

The storm left a path of destruction across the southeastern US. It also led to a major reduction in restaurant sales, according to data from Black Box Intelligence.

The Bottom Line: A new report from Houlihan Lokey notes that brands with clearly defined value propositions have been outperforming. But the definition of value differs from one sector to the other.

Behind the Menu: St. Louis-based Lion’s Choice gave its signature sandwich a premium makeover to boost guest counts. It worked.

Thanks to strong performances by chains like Wingstop, Cava and Chipotle, the sector outperformed everyone else. And it wasn’t particularly close.

The main operation of Brinker International said traffic jumped 5.9%, in part on the strength of drawing first-time guests. Investors were still not pleased.

The global potato supplier reported weak earnings this week, blaming them in part on weak restaurant demand as quick-service traffic worsened in the spring.

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