INDIANAPOLIS The Steak n Shake Co. became the restaurant industry’s most expensive stock listing on Monday after the company executed a 1-for-20 reverse stock split that left shares closing at $293.00 each. Prior to the reverse split, Steak n...
HOUSTON Luby’s Inc., operator of 96 cafeterias and a contract feeding division serving 15 sites, said last week that consumer confidence and spending is not likely to improve next year, leading to continued softness in restaurant sales and a net...
OAK BROOK ILL. McDonald’s will debut its $1 menu of five breakfast items nationwide in January, a move that observers say was orchestrated to reverse two months of negative same-store sales. ...
SCOTTSDALE Ariz. The board of directors at P.F. Chang’s China Bistro Inc. has authorized a share repurchase program that will allow the company to buy up to $100 million in its common stock through Dec. 15, 2011. The company said it would use...
DALLAS Dave & Buster's Inc. cut its net loss in the third quarter as food and beverage sales fell at its 56 casual-dining restaurants but revenue from the concept's games held steady. The company posted a net loss of $5.5 million in the Nov. 1...
SCOTTSDALE Ariz. Star Buffet Inc. reported Wednesday a third-quarter net loss that widened on closed restaurants, sales drops and impairment charges.For the third quarter ended Nov. 2, Star Buffet posted a net loss of $866,000, or 27 cents per...
ORLANDO Fla. Darden Restaurants Inc. reported late Thursday a nearly flat second-quarter profit of $60.3 million, compared with year-ago earnings of $59.7 million. Its per-share earnings remained at 43 cents.The company’s revenue fell slightly to ...
MINNEAPOLIS Granite City Food & Brewery Ltd., parent to 26 restaurants in 11 states, began trading on the Nasdaq Capital Market on Monday and said it may consider a reverse stock split to increase its common share value and again meet Nasdaq’s $1...