Macaroni Grill turnaround proves challenging for Ignite

Macaroni Grill turnaround proves challenging for Ignite

Macaroni Grill’s same-store sales had been about negative 5 percent in the months leading up to the signing of a letter of intent.

Ignite Restaurant Group Inc. has encountered challenges in digesting its April acquisition of the Romano’s Macaroni Grill brand and turmoil on the bottom line, but executives continue to see long-term potential.

Executives at the Houston-based company, which also owns the Joe’s Crab Shack and Brick House Tavern + Tap casual-dining brands, said on Wednesday that the acquisition, closed April 9, led to a more expensive turnaround than expected and swung the company to

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