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Category: Restaurant Business News

ezCater new Chief People Officer: Eatery Pulse Streem

Ruth’s Hospitality posts strong Q2 sales, lower food costs, as Cheryl Henry assumes CEO post

Ruth’s Hospitality Group, the operator of the fine-dining Ruth’s Chris Steak House chain, reported Q2 2018 results, posting total revenue of $103.5 million, up 9.6 percent from last year. Company-operated stores posted comparable sales growth of 1.3 percent from last year, comprising a 0,1 percent decrease in traffic, offset by a 1.4 percent increase in average check. Net income rose to $9.6M, compared to $7.8M in the same period last year. .. The three buckets for the 2.0 remodel initiative are brand, capacity and bar changes. Those remodels that have addressed capacity are the most opportunistic remodels and have played a role in sales performance, noted Haak.

Grey Goose CMO Barcardi Limited: Eatery Pulse

Patrón Spirits CMO tapped as concurrent chief marketer for Grey Goose portfolio

Bacardi Limited announced that Lee Applbaum, Patrón Spirits chief marketing officer, has been tapped to also be the global head of Grey Goose vodka. With the added responsibilities, and as the chief architect of global marketing for Grey Goose, he will be adding brand equity, architecture, positioning, advertising, creative, brand communications, experiential, packaging and strategic direction of innovation and product creation. Applbaum is now CMO for both Patrón Spirits and the Grey Goose brand portfolio.

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.

Off-premises business new battleground for restaurants: Starbucks partners with Alibaba

Off-premises business the new battleground for restaurant chains

Off-premise food popularity was a top dining trend identified this year. As consumers look for more convenience, there is no shortage of chains wanting to bring the food to where the consumers are. For IHOP, the sales momentum it gained in its Q2 2018 quarter was not exclusively due to the initial lift... but also due to a focus on off-premise sales and operational execution. Through the Starbucks-Alibaba partnership, delivery will be launched in Beijing and Shanghai in September, expanding the program to 30 cities and more than 2,000 stores... enables the creation of “Starbucks Delivery Kitchens” within Hema supermarkets.

The Mayan Latin Cuisine Chilaquiles Verdes: Eatery Pulse_80

Creative menu ideas from Mexico inspire breakfast excitement

Experimental diners don’t have to look too far to be inspired. Grain and Bakery Innovation, a culinary research report from  Packaged Facts, a well-respected research firm,  is spotlighting several takes on foods that are emerging or still developing. These creative insights look promising for foodservice application, including south-of-the-border foods in the form of globally-inspired tacos, chilaquiles and migas.

Popeyes Reports Q2 2018 Financial Results: Eatery Pulse

Popeyes Q2 2018 sales driven by unit growth, restaurant delivery

Restaurant Brands International (RBI), reported financial results for Popeyes for Q2 2018. RBI acquired Popeyes Louisiana Kitchen in an all-cash transaction for $1.8B in March 2017. Popeyes grew its sales to $937M, a 10.7-percent increase, compared to a 3.3-percent increase in the same period last year.