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casual_dining

Financing

Red Lobster's owner wants out of the business

 By Jonathan Maze on Jan. 16, 2024

Thai Union, which led an investment group that acquired the casual dining seafood chain in 2020, said that it plans to exit the business.

Financing

Why population trends may help, and hurt, restaurants

 By Jonathan Maze on Jan. 09, 2024

The Bottom Line: Darden CEO Rick Cardenas told investors this week that demographic trends are shifting in restaurants’ favor. But some demographic trends will be a headwind.

Financing

TGI Friday's closures continue the bar & grill sector's long decline

By Jonathan Maze on Jan. 08, 2024

The Bottom Line: The chain has been struggling in the U.S. for years as domestic consumers shift spending away from traditional bar & grill chains.

Financing

TGI Friday's closes 36 stores, sells more to Ray Blanchette

By Peter Romeo on Jan. 03, 2024

Blanchette, a former CEO of the chain, will operate the stores as a franchisee. The price he paid was not disclosed.

Operations

Dave George is tapped for another operations-led revival, this time of Outback's parent

By Peter Romeo on Jan. 03, 2024

The former Darden Restaurants operations specialist will serve on Bloomin' Brands board and lead an "Operating Committee" to revive the casual-dining giant.

Financing

Darden Restaurants sees little customer belt-tightening, but less celebratory drinking, too

By Peter Romeo on Dec. 15, 2023

The parent of Olive Garden and LongHorn said patrons of its hghest-ticket concepts did not indulge in alcohol during Q2 the way they did a year earlier.

Operations

Restaurants will need to tamp down menu price hikes over the next couple years, says BJ's Restaurant CEO

By Lisa Jennings on Nov. 30, 2023

At the Barclays Eat Sleep Play conference, Greg Levin said consumers remember prices from four years ago and have yet to adjust to the higher cost of dining out.

Financing

How Texas Roadhouse became a casual-dining juggernaut

By Joe Guszkowski on Nov. 21, 2023

The 671-unit steak chain has risen to the top in a punishing economy largely by breaking the rules.

Operations

How a kick in the assets could help casual dining

By Joe Guszkowski on Nov. 21, 2023

Chains in search of new revenue streams might want to rethink how they’re using excess space in their restaurants.

Operations

What do restaurant operators have to be thankful for? Plenty

By Restaurant Business Staff on Nov. 21, 2023

RB editors look at trends and topics that the industry should be thankful for, from casual dining’s survival to brunch.

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