The Tex-Mex chain brings strong unit volumes — about $4.5 million — to Darden, but its same-store sales fell last quarter, like many casual dining brands.
Consumers are focusing on experiences rather than material goods, and restaurants are in the sweet spot to take advantage of this “experiential economy.” ...
Zaxbys will open its first Maryland restaurant next year in Cambridge, a city on the Eastern Shore of the Chesapeake Bay, with two more to follow in Easton and West Ocean City/Berlin, the brand said ...
The retailer also aims to generate $520 million through sale-leasebacks of an undisclosed number of stores as its parent company slashes its profit forecast and spins off non-core segments.
Daniel Smith, who joined the chain earlier this year, is restructuring corporate to assist operators, boost franchise communication and optimize its business model.
Louisiana Apple’s major creditor, City National Bank of Florida, claimed the operator and the brand transferred control of its restaurants in a breach of credit agreements.
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