News & Events:

Restaurant Industry Set to Outpace National Job Growth, Reach Record Sales in 2012

National Restaurant Association’s 2012 Restaurant Industry Forecast Reveals Economic, Workforce, Technology and Consumer Trends

February 2, 2012
Restaurant News Resource

Green Mountain Coffee Roasters, Inc. Reports Fiscal Year 2012 First Quarter Results

Net sales of $1,158.2 million, up 102% over net sales of $574.1 million in the year-ago quarter

February 2, 2012
Restaurant News Resource

Chipotle Mexican Grill, Inc. Announces Fourth Quarter and Full Year 2011 Results

Revenue for the quarter was $596.7 million, up 23.7% from the prior year period. The growth in revenue was the result of new restaurants not in the comparable base and an 11.1% increase in comparable restaurant sales. Comparable restaurant sales growth was primarily driven by increased traffic in the quarter as well as the impact of menu price increases implemented between March and August.

February 2, 2012
Restaurant News Resource

Baja Fresh Returns to Chicago

Baja Fresh Mexican Grill, the quick-casual fresh Mexican chain, announced the grand opening of its newest Baja Fresh in Niles, IL.

February 2, 2012
Restaurant News Resource

Granite City Food & Brewery Acquisition of Cadillac Ranch Stores Expected to Increase Revenue and Adjusted EBITDA

Granite City Food & Brewery Ltd. (NASDAQ:GCFB) recently announced that it has completed the purchase of the assets of five Cadillac Ranch All American Bar & Grill restaurants, in Bloomington, Minnesota; Miami, Florida; Oxon Hill, Maryland; Annapolis, Maryland; and Indianapolis, Indiana, for an aggregate purchase price of approximately $6.2 million.

February 2, 2012
Restaurant News Resource

National Restaurant Association Registers Support for Tax Extenders

In a statement for the record for today’s Senate Finance Committee hearing, “Extenders and Tax Reform: Seeking Long-Term Solutions,” the National Restaurant Association’s David Koenig, Vice President of Tax and Profitability, called for the extension of several tax provisions that are critical for the restaurant industry, the nation’s second-largest private-sector employer.

February 1, 2012
Restaurant News Resource

Sbarro Names Dynamic, New Management Team to Lead Company’s Growth Initiative

The Board of Directors of Sbarro, Inc. announced that James Greco, 54, has been named President and Chief Executive Officer, effective immediately.

February 1, 2012
Restaurant News Resource

Reliant and Pappas Restaurants Make Electric Vehicle Charging Convenient for Steakhouse Customers

The Houston-based restaurant company worked with its retail electricity provider Reliant, an NRG company, to install an electric vehicle charging station at its premier location on Westheimer Road in Houston.

February 1, 2012
Restaurant News Resource

Restaurant Performance Index Rose to Highest Level in Nearly Six Years in December

Fueled by solid same-store sales and traffic results and a bullish outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index (RPI) rose sharply in December.

January 31, 2012
Restaurant News Resource

Kona Grill Appoints Berke Bakay As President and CEO

Kona Grill, Inc. (NASDAQ: KONA) has appointed Berke Bakay as president and CEO. Bakay succeeds Mike Nahkunst, who is leaving the company for personal reasons.

January 31, 2012
Restaurant News Resource

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