ORLANDO Fla. Darden Restaurants Inc., which operates more than 1,440 restaurants under five brands, said same-store sales at both its flagship Red Lobster and Olive Garden chains were positive for the four weeks ended Jan. 28, but only because of...
SEATTLE Starbucks Corp. reported a 17.7-percent surge in its fiscal 2007 first quarter profit versus a year earlier, on revenues that jumped 21.8 percent to a record $2.36 billion. Revenues were driven by same-store sales growth of 6...
VANCOUVER Canadian technology suppliers Posera Software Inc. and Squirrel Systems, both of which serve U.S. foodservice operators primarily in the full-service sector, said they are discussing a merger. The companies offered no timeline for a...
OVERLAND PARK Kan. Applebee’s International Inc. said domestic systemwide same-store sales dropped 5.8 percent for the four weeks ended Jan. 28, versus the same period of a year earlier. The company said severe winter weather negatively affected...
MIAMI Burger King Holdings Inc., parent company to the No.2 burger chain, posted a 41-percent surge in its fiscal 2007 second-quarter profit, versus a year earlier, as corporate revenues rose 9 percent to a record $559 million. Revenues...
TAMPA Fla. OSI Restaurant Partners Inc. filed with regulators detailed terms of its pending billion-dollar-plus buyout, which will include debt financing of $2.7 billion and cash or equity contributions totaling about $1 billion. The going...
EAGEN Miss. Buffets Inc., the operator or franchisor of 676 mostly buffet-style restaurants under the Old Country Buffet, HomeTown Buffet, Ryan’s and Fire Mountain brands, swung to a larger net loss of $34.9 million in its second quarter ended...
OAK BROOK Ill. McDonald’s Corp. reported Wednesday that fourth-quarter profit more than doubled from a year earlier to $1.24 billion, or $1.00 per share, on gains from the spin-off of its Chipotle Mexican Grill business and strong global sales. ...