3 minute read
DAVE & BUSTERS
from FSR August 2023
California Pizza Kitchen 24
By the time Jeff Warne was promoted to CEO of California Pizza Kitchen in December 2022, the 146-unit chain was on the upswing after filing for bankruptcy in mid-2020, and had returned to pre-pandemic sales levels thanks to investments in CPK Rewards, menu innovation, and improvements to the digital guest experience.
PERKINS RESTAURANT & BAKERY 25
21
Dave & Buster’s is looking to own the eatertainment category for all ages with its $835 million acquisition of Main Event. Strategies are underway to make guest flow more efficient and decrease complexities in back-of-house operations, plus develop the right staffing model, reporting tools, and management approach to maximize throughput.
CARRABBA’S ITALIAN GRILL 22
Carrabba’s opened a restaurant in Tampa in Q3 of 2022, marking its first new location since 2015. Bloomin’ Brands CEO David Deno said the 218-unit Italian chain earned the right to expand after landing among the company’s top performers for the past several years.
Bob Evans 23
Despite inflationary pressures, Bob Evans Restaurants manages to fulfill its promise of “keeping the entire family full and happy for less.” The New Albany, Ohio-based American casual dining chain has locations in 18 states and offers more than 30 meals for less than $8.99.
The 65-year-old classic diner chain shook up its traditional operating model recently with a refreshed prototype, virtual partnerships, and new labor-saving technology, which lowers development costs for franchise owners. In March, the restaurant and bakery chain announced the signing of a new franchise agreement to grow its presence across Ohio.
The Capital Grille 26
At 61 locations, The Capital Grille represents the fine-dining side of Darden Concept’s portfolio. The steakhouse seeks to draw in customers through its extensive wine menu and private dining experiences. Overall, Capital Grille performed well during the fiscal year of 2022, sharing an 11.7 percent same-store sales growth in Q3 with Cheddar’s Scratch Kitchen.
METHODOLOGY: The FSR Top 30 Report leverages multiple data products and services from Circana’s unmatched research product portfolio, combined with experienced analyst estimates. Sales estimates represent each chain’s total U.S. system for the year ending December 2022, and are anchored on CREST®, Circana’s flagship syndicated study of consumer purchases of restaurantprepared meals, snacks, and beverages. Unit counts source to the Fall 2022 release of Circana’s ReCount ® service, a census of chains and independent restaurant locations regularly updated since 1988. Today, ReCount provides unit counts and trends for over 1.2 million foodservice operators. These primary sources, combined with other proprietary Circana data, public reporting, and analysis, generate this new, industry-standard restaurant ranking. Circana is the leading advisor on the complexity of consumer behavior. Through unparalleled technology, advanced analytics, cross-industry data and deep expertise, we provide clarity that helps almost 7,000 of the world’s leading brands and retailers take action and unlock business growth. We understand more about the complete consumer, the complete store, and the complete wallet so our clients can go beyond the data to apply insights, ignite innovation, meet consumer demand, and outpace the competition.
Bonefish Grill 27
The casual-dining seafood concept, helmed by Bloomin’ Brands, saw a 5.2 percent rise in same-store sales in Q1. With the addition of a Sunday brunch to the menu, a rotating array of seasonal favorites, and an emphasis on catering, Bonefish Grill is doubling down on growth trajectories.
CHEDDAR’S SCRATCH KITCHEN 28
Since Darden acquired Cheddar’s in 2017, it’s grown to be the third-largest brand in the group’s portfolio. Overall, same-store sales increased by 11.7 percent in Q3, accounting for a record $1.56 billion. Darden’s CEO Rick Cardenas believes the brand’s strong leadership team will catapult it to success.
Fogo De Ch O 29
The Brazilian all-you-caneat steakhouse chain signed a lease to open its third Bay Area location in California, supporting the brand’s continued 15
Ruby Tuesday 30
percent annual restaurant growth across the U.S. In 2023, Fogo de Chão signed 12 new domestic and international leases and opened in Washington, Maryland, California, and New Jersey.
Despite shuttering 185 restaurants and filing for bankruptcy in late 2020, Ruby Tuesday has rebounded by reducing liabilities and restructuring its organization. With the help of a “Daily Deals” program and a reenergized focus on off-premises business, the classic bar & grill chain continues to make a promising comeback.
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