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Category: Restaurant Sales

Outback Steakhouse: Eatery Pulse Streem
Sonic Drive-In: Eatery Pulse Streem

Sonic Corp. reports improved sales for its final fiscal 2018 quarter

Sonic Corp. announced its financial results for the fourth fiscal quarter of 2018 (Q4). Sonic agreed to a merger agreement in which it will be acquired by Inspire Brands, a wholly-owned subsidiary of Roark Capital as of September 2018. Comparable sales across the system of Sonic drive-ins increased... or its fiscal 2018 year, Sonic reported that comparable sales have decreased 0.3 percent, comprising a 0.3-percent decline at franchised drive-ins and a 0.8-percent decrease at company-owned stores.

Fiesta Restaurant Group: Eatery Pulse Streem

Fiesta Restaurant Group taps Jackie Swift-Kurkjian as senior director, Off-Premise Consumption

Fiesta Restaurant Group, parent of Taco Cabana and Pollo Tropical, announced that Jackie Swift-Kurkjian has joined the company as senior director of Off-Premise Consumption. In this role, she will lead the efforts to build the catering, online and delivery sales channels at Pollo Tropical and Taco Cabana. Her role will help the brands leverage new information systems, resources and people as part of Fiesta’s Strategic Renewal Plan.

Shake Shack Q2 2018 Results: Eatery Pulse

Shake Shack Q2 sales grow 28.3 percent to $112.9M on new restaurant growth

hake Shack reported its financial results for Q2 2018 in a company release and held an investor conference call August 2. Its total revenues, including licensing fees, increased to $116.3M, representing a 27.3 percent increase over the same quarter last year. Total operating store sales, including the impact of new stores, increased to $112.9M, a 28.3-percent increase from last year. Comparable store sales (“same-shack sales”) in Q2 increased 1.1 percent, compared to 1.8 percent decrease reported in the same period last year.

Panera Bread Top Growth Fast Casual Chain: Eatery Pulse

Fast-casual unit growth driving increased traffic while restaurant industry sales flat: NPD

Fast casuals are the only segment in the restaurant industry that are growing traffic, says a report from NPD. The Chicago-based research firm has seen traffic grow 6 percent annually over the most recent five years.  According to the NPD Fall 2017 ReCount restaurant census. The growth leaders among fast-casual chains included Chipotle, Panera, Panda Express, and Raising Cane's. Fast casuals have appealed to households with incomes of $100K or more.

Fast-casuals like Wahlburgers are rapidly rising: Eatery Pulse, photo: Wahlburgers

Fast-growing fast-casual chains identified in industry trade magazine Future 50

Restaurant Business Online identified several up-and-coming chains in its Future 50. The data is based on 2017 information and estimates gathered by Technomic, Inc. The top five chains in the Future 50 comprise CoreLife Eatery, The Halal Guys, Wahlburgers, Maple Street Biscuit Co., and Honeygrow. Rounding out the top 10 are Bibibop Asian Grill, Babalu Tapas, Cava, Ahipoki Bowl, and Duck Donuts.

Performance Food Group 3Q 2018 financial results: Eatery Pulse

PFG reports 3Q 2018 financial results

Performance Food Group Company today announced its third-quarter and first-nine months fiscal 2018 business results: otal case volume grew 0.8 percent Net sales increased 2.7 percent to $4.3 billion Gross profit improved 7.2 percent to $558.7 million... “We are pleased with our third-quarter net sales and profitability, said President and CEO George Holm.