CARPINTERIA Calif. CKE Restaurants Inc. said it would restate its financial results for the fiscal year 2006, ended Jan. 30, 2006, because of an "inadvertent computational error" that overstated the company's income tax benefit and its resulting...
OVERLAND PARK Kan. Citing more severe winter weather this year than last, Applebee's International Inc. reported a 4-percent drop in domestic systemwide same-store sales for the four weeks ended Feb. 25. Same-store sales decreased 3.9 percent at...
LOUISVILLE Ky. Aided by a beneficial tax settlement, an extra operating week versus the year earlier and a revenue gain of 11.9-percent to $277.9 million, Papa John's International Inc. reported a 31.9-percent surge in fourth-quarter profit. ...
NEW YORK In the largest one-day point decline since late September 2001, the Dow Jones Industrial Average fell 416 points, or 3.3 percent, to close Tuesday at 12,216.24, and the restaurant sector declined along with it in late afternoon trading...
LEBANON Tenn. CBRL Group Inc., operator of 551 Cracker Barrel Old Country Store restaurant and gift shops, said same-store restaurant sales for the four weeks ended Feb. 23 declined 1.3 percent from the same four weeks a year ago. The chain's...
PORT WASHINGTON N.Y. Quick-service breakfasts and specialty coffees helped to put 4 percent more dollars in restaurant tills during December than the industry collected during the same period of a year earlier, on a 3-percent rise in industrywide...
ATLANTA Rare Hospitality International Inc. has agreed to sell its 31-unit Bugaboo Creek Steakhouse chain to a holding of Trimaran Capital Partners, the private-equity owner of the Charlie Brown’s steakhouse group, for $28 million.The deal is...