Jack in the Box fails to dodge the slowdown
Jack in the Box Inc. reported Wednesday a 3-percent drop in its second quarter profit and cited the same challenges plaguing almost all restaurant companies: higher costs and slowing sales.Foie gras ban overturned in Chicago
The Chicago City Council on Wednesday repealed its ban on the sale of foie gras at restaurants and elsewhere in the city. By a vote of 37-6, the council overturned the ban, which had received worldwide ridicule in food circles.
Raising Cane's gets $29.5M for growth
Raising Cane’s Inc., which has more than 60 chicken-finger restaurants in 13 states, recently completed a $29.5 million financing deal with GE Capital Solutions-Franchise Finance.
Puck sues another Wolfgang over steakhouse name
Celebrity chef Wolfgang Puck has sued New York-based restaurateur Wolfgang Zwiener for trademark infringement after Zwiener opened a Wolfgang’s Steakhouse earlier this month near Puck’s Beverly Hills steak place, Cut, and famed Spago restaurant.
O'Charley's lowers outlook after tough 1st-Q
O’Charley’s Inc., operator or franchisor of 364 restaurants under three brands, posted a 34-percent jump in its first-quarter profit as a large income tax benefit and reduced operating costs offset the company’s stalled sales.
UPDATE: Feds charge three with hacking data from Dave & Buster’s
The federal government on Monday charged three suspects with hacking into computers at Dave & Buster’s units last year and stealing credit and debit card numbers.
Report: McD specialty coffee sales slow so far
McDonald's specialty coffee sales have been slow in two trial markets, according to a published report that was disputed by at least one franchisee.
Taco Maker, others detail Wal-Mart deals
At least three franchisors detailed plans on Monday to put their restaurant brands inside Wal-Mart stores. Simultaneous news coverage of development deals with The Taco Maker Inc., Pollo Campero and Beautiful Brands International suggest a shift in the on-site feeding strategy of Wal-Mart, which has previously opened its stores to such big national brands as McDonald’s and Subway.
Rubio’s posts a loss in 1st-Q
Rubio’s Restaurants Inc., operator or franchisor of 106 namesake Baja-inspired restaurants, swung to a loss in the first quarter as increased costs and reduced guest traffic hurt the growing chain.
