Casual Dining Chains Still Feel the Pinch
The overall economy may be picking up, but restaurants are hurting. And it's the casual, or family-style chains – such as Red Lobster, Applebee's, and Bob Evans – that are feeling the most pain.
The overall economy may be picking up, but restaurants are hurting. And it's the casual, or family-style chains – such as Red Lobster, Applebee's, and Bob Evans – that are feeling the most pain.
Secret menus. McDonald’s has one. So do Burger King, Subway and most other fast-food chains. These are items that, for various reasons, are not on the regular menu, but can be had if you know what to ask for.
Panera Bread and Chipotle Mexican Grill are the leaders in this new trend of 'fast casual'. That's the position between fast food and more formal restaurants with waiter service. Itâs also the sweet spot in price. Both companies are out with solid quarterly earnings.
The company behind Red Lobster and Olive Garden -- as well as the smaller LongHorn Steakhouse, Capital Grille, and Bahama Breeze concepts -- saw its stock hit a new all-time high on Friday after it posted better-than-expected quarterly results. But trends at its two most important restaurants are cause for concern.
Panera Bread and Buffalo Wild Wings posted better-than-expected quarterly profits this week, and Chipotle Mexican Grill came through with a blowout quarter last week.
If you're finding it a bit easier to snag a table at your favorite restaurant lately, don't go crediting your debonair charm or your glowing Yelp review. Eateries really are less crowded these days.
Legendary investor Peter Lynch espoused the philosophy "Buy what you know." Well, who doesn't know restaurants? We know where the crowds are, and we know what we like to eat. Here are five chains that managed to grow during the market lull, positioning themselves perfectly for the future.
The New Year brings new hope to the restaurant industry, which suffered heavily during the harsh, eat-at-home recession. As a result, the number of restaurants have dwindled nationwide. But Goldman Sachs says this is very good news for three companies in particular.








