Six restaurant chain opertors reported operating and expansion results.
Bravo Brio Restaurant Group, Inc. (Nasdaq:BBRG), owner and operator of the BRAVO! Cucina Italiana and BRIO Tuscan Grille restaurant concepts reported that revenues increased by 10 percent to $343 for its fiscal year ending Dec. 26, 2010. System wide, comparable restaurant sales increased 1.6 percent. BRIO comparable restaurant sales increased 3.2 percent and BRAVO! comparable restaurant sales decreased 0.1 percent.
Casual dining chain California Pizza Kitchen, Inc. (NASDAQ: CPKI), opened its 10th full-service restaurant in Mexico. CPK franchise partner Grupo Calpik, S.A.P.I. de C.V. operates the new location, which is the chain's third in Naucalpan de Juárez, a northwest suburb of Mexico City.
For its fiscal year ending Dec. 29, 2011, Denny's announced same-store sales decreased 3.6 percent at company units and 3.7 percent at franchised units. For the year, same-store guest counts decreased 1.9 percent at company units, although the last six months of the year increased 1.1 percent.
Scottsdale, Ariz.-based Desert Island Restaurants started a nationwide franchising push for its Ling & Louie's Asian Bar & Grill restaurant concept. To kick off this push, Desert Island inked franchise agreements for the Anchorage, Alaska, and Boise, Idaho markets. Restaurants in these markets are expected to open later this summer. Other markets containing franchised Ling & Louie's restaurants include Denver and Phoenix.
Casual dining chain Red Robin Gourmet Burgers announced that restaurant revenue increased 2.2 percent to $846.4 million for its fiscal year ending Dec. 26, 2010. During that time period, company-owned comparable restaurant sales decreased 0.6 percent.
Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) reported unaudited financial results for its fourth quarter ended Dec. 26, 2010, including an increase in total revenues to $94.1 million from $87.4 million in the prior year. Company-owned comparable restaurant sales for Ruth's Chris Steak House increased 9.2 percent and company-owned comparable restaurant sales for Mitchell's Fish Market decreased 2.1 percent.
2012 Best In Class Winners
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