NEW YORK Well-known activist investor Daniel S. Loeb and the fund he manages, Third Point LLC, based here, disclosed a 7-percent stake in IHOP Corp., the parent company to the mostly franchised, 1,302-unit family-dining chain. While Third Point...
SCOTTSDALE ARIZ. P.F. Chang’s fourth-quarter profit down 5.5 percent from a year earlier. —A difficult sales environment for casual dinnerhouses compounded by increased expenses pushed The company said equity-based...
CHICAGO Morton's Restaurant Group Inc., owner and operator of 74 namesake steakhouses and four additional Italian restaurants, swung to a fourth-quarter profit of $5.6 million, or 33 cents per share, from a net loss of $3.8 million, or 38 cents...
OVERLAND PARK KAN. Applebee’s International Inc. as the casual-dinnerhouse giant, looking to improve its flagging fortunes, this month began studying strategic alternatives that it said could include a sale of the corporation or a large...
GREENWOOD VILLAGE Colo. Red Robin Gourmet Burgers Inc., operator or franchisor of 347 casual-dining restaurants, recorded a 59.4-percent, year-over-year gain in fourth-quarter profit on an extra operating week that helped boost revenues 40.6...
ANN ARBOR Mich. Domino’s Pizza posted a 22.8 percent drop in net income, $31 million, for the fourth quarter of 2006. Net income fell 1.9 percent for the full year, to $106.2 million, the company said. Domino’s attributed the declines to...
GLENDALE Calif. IHOP Corp., parent company to the mostly franchised 1,302-unit IHOP chain, said fourth-quarter net income increased 3.7 percent from a year earlier to $10.3 million, or 57 cents per share, on revenues that remained nearly flat at ...
MIAMI Burger King Holdings Inc. set a price Thursday of $22 per share for the previously announced secondary offering of 21 million shares of common stock held by the company's majority owners, whose gross gain would be about $462 million. ...
TAMPA Fla. OSI Restaurant Partners Inc. posted a 20.3-percent, year-over-year decline in fourth-quarter net income as higher costs, especially for labor, offset the company's 9.1-percent revenue gain. In a surprise announcement of fourth...
HEATHROW Fla. Ruth's Chris Steak House Inc., operator or franchisor of more than 100 namesake restaurants, more than doubled its fourth-quarter profit from a year earlier on increased revenues and a one-time, gift-card-related income gain. ...