FORT LAUDERDALE Fla. Benihana Inc. stockholders on Monday gave the Japanese-themed restaurant company’s management the green light to merge with a subsidiary and issue 12.5 million new shares. The proposed merger was opposed by...
HEATHROW Fla. Ruth's Hospitality Group Inc. trimmed its losses in the fourth quarter on reduced charges and cost cutting, but sales remained slow at its upper-end restaurants.Ruth's reported a net loss of $2.7 million, or 11 cents per share, in...
SAN DIEGO Three bidders have made a collective stalking horse offer of more than $27 million for 61 Jack in the Box restaurants in California involved in the bankruptcy of Kobra Associates Inc. and affiliated companies. The live auction for the...
MIAMI Ahead of a Monday vote on Benihana Inc.’s pending merger with a subsidiary that will effectively issue 12.5 million shares of new common stock and raise $30 million, supportive corporate management and major shareholder opponents were...
Financial results were mixed this week as a cross-section of restaurant companies reported fourth-quarter earnings. Stalled consumer spending and continued traffic declines plagued top lines, while bright spots included positive earnings growth...
ORLANDO Fla. Darden Restaurants Inc. upped its full-year earnings guidance on Tuesday as its sales and traffic trends showed improvements during the company’s February-ended third quarter. Darden said it now expects fiscal 2010 earnings from...
A few encouraging signs emerged this week as several restaurant companies reported fourth-quarter results that reflected improving sales trends. Buffalo Wild Wings Inc., Chipotle Mexican Grill Inc. and Panera Bread Co., which have performed...
OAK BROOK Ill. McDonald's Corp. reported positive global same-store sales in January as international results offset a slight sales decline in the United States.Global same-store sales for McDonald’s rose 2.6 percent in January, reflecting a 0.7...