DUBLIN Ohio Wendy's International Inc. is facing pressure from its largest institutional shareholder to sell its business to the highest bidder and perhaps to search for a new chief executive, according to a report today in the Wall Street Journal...
NEW YORK The Smith & Wollensky Restaurant Group Inc., operator of 13 restaurants, including nine namesake steakhouses, said same-store consolidated restaurant sales were $8.2 million in April, a 3.6 percent decrease from the same period of last...
LOUISVILLE Ky. Papa John’s International Inc. reported an 18-percent drop in first-quarter net income, versus the first quarter of a year ago, as additional costs mostly from increased minimum wages in certain areas of the United States ate into...
WILBRAHAM Mass. Friendly Ice Cream Corp. postponed its annual shareholder meeting, which was scheduled to occur May 9, because of a strategic review begun in March. Friendly made no official announcement...
DALLAS Brinker International Inc. reported Wednesday negative same-store sales results at four of its chains for the fiscal month of April, marking the 13th consecutive period of reduced year-over-year sales results at its largest chain, the 1,318...
OAK BROOK Ill. McDonald's Corp. credited its breakfast menu, Happy Meals and Snack Wrap for a 3.5 percent rise in domestic same-store sales during April, which also brought a 4.2 percent increase in U.S. systemwide sales. Global comparable...
Most of the time, sugar daddies don’t intend to enrich the targets of their pursuits.But if the sugar daddy is a deep-pocketed developer courting a high-profile restaurateur to open marquee eateries in dazzling new condo, hotel, retail or...
“Improving their food quality was the first leg of a three-legged stool to reinvent their brand, involving quality food, more contemporary restaurants and better service.” That’s how restaurant analyst Larry Miller of RBC Capital Markets describes...
