Brinker, DineEquity, Landry’s, LongHorn, McDonald's, Morton’s, P.F. Chang’s and other restaurant chains reported operating and expansion results.
Brinker International, Inc. (NYSE:EAT - News) total revenues decreased 6 percent to $654.9 million for its decreased 4.2 percent consisting of a 5.0 percent decrease at Chili's and a 1.4 percent increase at Maggiano's.
DineEquity, Inc. (NYSE:DIN), the parent company of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, reported that same-restaurant sales for its domestic Applebee's locations increased 3.3 percent for its third quarter ending Sept. 30, 2010. Same-restaurant sales at DineEquity’s domestic IHOP locations increased 0.1 percent for the quarter.
Landry’s Restaurants submitted the winning bid in an auction to purchase Claim Jumper Restaurants, LLC. The transaction was valued at $76.6 million and is expected to receive approval from a bankruptcy court this week, at which point a final closing date for the transaction will be determined
LongHorn Steakhouse opened a location in Greensburg, Pa.
McDonald's Corporation announced that Denis Hennequin will resign as president of McDonald's Europe to become chief executive officer of the Accor Hotel Group. He leaves his McDonald's position effective Nov. 30, 2010, according to a company release.
Morton’s Restaurant Group, Inc. (NYSE:MRT) reported revenues increased 5 percent to $212 million for its third quarter ended October 3, 2010. Comparable restaurant revenues for Morton’s steakhouses increased 4.6 percent.
For its third fiscal quarter, P.F. Chang’s reported comparable store sales increased 2.3 for its PF Chang’s China Bistro and 0.8 percent at its Pei Wei Asian Diner concepts.
For its third quarter ending Sept. 26, 2010, Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH) reported total revenues increased to $79.8 million from $76.1 million from the same period one year ago. Company-owned comparable restaurant sales for its Ruth’s Chris Steak House increased 4.9 percent and company-owned comparable restaurant sales for Mitchell’s Fish Market decreased 2.8 percent.
Saladworks signed a franchise development agreement that calls for the opening of three units in the Dallas market. The first location is slated to open in 2011.
For its third quarter ending Sept. 29, 2010, Texas Roadhouse reported comparable restaurant sales increased 4.3 percent at company restaurants and 4.4 percent at franchise restaurants.
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