Bloomin Brands Inc

Latest Bloomin Brands Inc News and Updates

  • uploads///Darden Restaurant DRI Share Price    e
    Consumer

    Darden analysis: Assessing the success of a Darden brand spinoff

    Darden Restaurants Inc. (DRI) has jumped since the Wall Street Journal mentioned that Barington Capital Group took a 2.8% stake, calling on Darden to split in two.

    By Xun Yao Chen
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    Earnings Report

    Texas Roadhouse’s 1Q16 EPS Was below Analyst’s Expectations?

    In 1Q16, Texas Roadhouse posted EPS of $0.5. This was lower than analysts’ estimate of $0.54. The adjusted EPS was above analysts’ estimate at $0.55.

    By Rajiv Nanjapla
  • Syria strike would raise gas prices and reduce restaurants’ sales
    Consumer

    Syria strike would raise gas prices and reduce restaurants’ sales

    Why higher gasoline prices can reduce people’s leftover spending at restaurants, which will negatively affect restaurant sales.

    By Xun Yao Chen
  • uploads///Key Costs of Operation
    Company & Industry Overviews

    Bloomin’ Brands Has 3 Key Costs of Operation

    Bloomin’ Brands’ revenue was affected by as much as 0.7% due to price increases for beef and seafood. A restaurant can do little when facing rising prices

    By Adam Jones
  • Consumer

    Bloomin’ Brands loses to its peers in year-to-date returns

    As of September 20, 2014, year-to-date (or YTD) returns for Bloomin’ Brands (BLMN) was -30.7%.

    By Adam Jones
  • Earnings Report

    Bloomin’ Brands’ year-to-date return as of 3Q14

    As of November 2014, Bloomin’ Brands’ (BLMN) year-to-date (or YTD) return was -7.6%. BLMN operates casual dining restaurants. It competes with companies like EAT and TXRH.

    By Adam Jones
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    Company & Industry Overviews

    Casual Dining Restaurants: Their 6-Month Stock Performance

    It was a tough 4Q15 for casual dining restaurants, as the minimum wage for workers went up. In this series, we’ll look at what caused these stocks to underperform in 4Q15 and most of 1Q16.

    By Rajiv Nanjapla
  • uploads///McDonalds competitors
    Company & Industry Overviews

    Must-Know: McDonald’s Has Got Tough Competition

    McDonald’s (MCD) competition includes large international and national food chains as well as regional and local retailers of food products.

    By Rekha Khandelwal, CFA
  • Company & Industry Overviews

    What are casual-dining restaurants?

    Casual-dining restaurants Casual-dining restaurants have a relaxed, casual ambiance with a lot of seating. They offer full table service and may also have a wine menu or full bar service. The menu is higher-priced than fast-food restaurants. Olive Garden, under the umbrella of Darden Restaurants (DRI), for example, has a price range of $10 to $20 for […]

    By Adam Jones
  • uploads///NRAs Current Situation vs Expectations on Comp Sales
    Macroeconomic Analysis

    71% Of Restaurant Operators Reported Positive Same-Store Sales

    The NRA’s Current Situation Index for same-store sales stood at 105.2 in December 2014—compared to 103.5 in November.

    By Adam Jones
  • Consumer

    Why the Restaurant Performance Index is important

    The Current Situations Index is based on indicators’ past trends—same-store sales, traffic, capital expenditure, and labor. It has been at levels above 100 since March 2014.

    By Adam Jones
  • uploads///NRAs Current Situation vs Expectations on Comp Sales
    Macroeconomic Analysis

    Current Same-Store Sales Rise For Restaurants

    According to the NRA (National Restaurant Association), 72% of operators reported a gain in same-store sales over this period, and 11% reported a decline.

    By Adam Jones
  • uploads///Middle Class Income Spread
    Consumer

    Darden analysis: Darden must increase or decrease average check

    The eroding middle market Darden’s core brands—Olive Garden, Red Lobster, and LongHorn Steakhouse—face a macro shift in an ever-widening spread in US average income. The graph below shows the difference in household income between the second highest 20% and the second lowest 20% income earnings. The difference is divided by the average income of the […]

    By Xun Yao Chen
  • Consumer

    Point72 Asset Management opens new position in Pier 1 Imports

    E-commerce represented approximately 1% of total sales in fiscal 2013, 4% in fiscal year 2014, 9% in the first quarter of fiscal 2015, and 9.7% in the second quarter of fiscal 2015.

    By Samantha Nielson
  • uploads///LL
    Consumer

    Point72 Asset Management raises stake in Lumber Liquidators

    The company “saw improvement in net sales trends over the course of the quarter as inventory levels recovered and the fall flooring season began.” But the shares are down 49% in the year to date.

    By Samantha Nielson
  • uploads///Cymabay
    Financials

    Point72 Asset Management takes position in CymaBay Therapeutics

    CymaBay Therapeutics is a clinical-stage biopharmaceutical company formerly known as Metabolex. It develops therapies to treat metabolic and rare diseases with high unmet need.

    By Samantha Nielson
  • uploads///AGTC
    Financials

    Point72 Asset Management adds position in Applied Genetic Tech

    Using the company’s partnerships and experience in ophthalmology, it plans to expand into a disease indication with a larger market. The company says it expects to place a new product candidate for this large market opportunity into development some time in 2015.

    By Samantha Nielson
  • uploads///Darden Business Segment
    Consumer

    Darden analysis: Business overview shows limited differentiation

    Restaurant industry breakdown The first thing investors should do before making an investment is understand the company’s industry, business, and strategy. We can broadly break the restaurant industry down into the limited-service and full-service sectors. Full-service restaurants are establishments where customers receive their meals at their table, receive table waiting services, and generally pay at […]

    By Xun Yao Chen
  • Consumer

    Why did Darden CEO Clarence Otis step down?

    Darden announced at the end of July that chairman and CEO Clarence Otis will step down by the end of the year or when a replacement is found. Starboard CEO Jeffrey Smith said in a statement that Otis’ retirement was long overdue and that “It’s surprising to us that it took this long.”

    By Samantha Nielson
  • Consumer

    Why Starboard Value launches proxy fight at Darden

    Starboard said it believed that the market price of Darden significantly understated the value of the company’s businesses and real estate assets. It added that its operating margins were well below its peers.

    By Samantha Nielson
  • uploads///BLMN_
    Consumer

    Deutsche Bank Starts Bloomin’ Brands Coverage with ‘Buy’ Rating

    Today, Deutsche Bank initiated coverage of Bloomin’ Brands (BLMN) with a “buy” rating and a 12-month price target of $24.

    By Rajiv Nanjapla
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    Consumer

    Darden’s Q3 2019 EPS Beat Analysts’ Estimates

    In the third quarter of fiscal 2019, Darden Restaurants (DRI) posted adjusted EPS of $1.80, outperforming analysts’ EPS expectation of $1.75.

    By Rajiv Nanjapla
  • uploads///DRI
    Consumer

    Darden Stock Rises Nearly 7% on Impressive Q3 2019 Results

    Darden Restaurants (DRI) posted its results for the third quarter of fiscal 2019 on March 21.

    By Rajiv Nanjapla
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    Consumer

    Darden Stock Rose after Its Q3 Earnings

    At 9:45 AM EST on March 21, Darden was trading at $114.56, which represents a rise of 5.5% from the previous day’s closing price.

    By Rajiv Nanjapla
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    Consumer

    How Is Darden Restaurants Expanding Its Business?

    At the end of the second quarter of fiscal 2019, Darden Restaurants (DRI) operated 1,762 restaurants.

    By Rajiv Nanjapla
  • uploads///DRI
    Consumer

    Darden Stock Rises after Management Raises Its EPS Guidance

    Darden Restaurants (DRI) posted its earnings for the second quarter of fiscal 2019 on December 18.

    By Rajiv Nanjapla
  • uploads///DRI
    Consumer

    Why Did SunTrust Robinson Humphrey Upgrade Darden?

    On June 7, SunTrust Robinson Humphrey upgraded Darden Restaurants (DRI) from “hold” to “buy” and raised its price target from $104 to $110.

    By Rajiv Nanjapla
  • uploads///Darden
    Consumer

    Why Darden’s Stock Price Fell after Its Fiscal 3Q18 Earnings

    Darden Restaurants (DRI) posted its fiscal 3Q18 earnings before the market opened on March 22.

    By Rajiv Nanjapla
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    Consumer

    Here’s What Drove Darden Restaurants’ Earnings in Fiscal 1Q18

    In fiscal 1Q18, Darden Restaurants (DRI) posted EPS (earnings per share) of $0.95. However, removing one-time expenses, its adjusted EPS was $0.99.

    By Rajiv Nanjapla
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    Consumer

    Darden’s Valuation Multiple Compared to Its Peers

    Investors expect the devastation caused by Hurricane Harvey and Hurricane Irma in Texas and Florida to lower Darden’s sales in fiscal 1Q18.

    By Rajiv Nanjapla
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    Earnings Report

    Darden Stock Hits New 52-Week High on Strong 4Q17 Earnings

    In fiscal 4Q17, Darden posted adjusted EPS (earnings per share) of $1.18 on revenues of $1.9 billion.

    By Rajiv Nanjapla
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    Earnings Report

    How Darden’s Valuation Multiple Compares with Peers

    On June 21, 2017, Darden was trading at a PE multiple of 20x, as compared to 17.8x before the announcement of its fiscal 3Q17 earnings.

    By Rajiv Nanjapla
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    Earnings Report

    What Analysts Recommend for DRI ahead of Its Fiscal 1Q17 Earnings

    As of September 27, 2016, Darden Restaurants was trading at $61.5. This price may already have priced in the estimates we’ve discussed in this series.

    By Rajiv Nanjapla
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    Earnings Report

    Darden’s Dividend Policy: What’s Expected in Fiscal 1Q17?

    Analysts expect Darden to pay dividends of $0.55 in fiscal 1Q17 at a payout ratio of 67.1%. For fiscal 2017, Darden is expected to pay dividends of $2.2.

    By Rajiv Nanjapla
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    Earnings Report

    What Do Analysts Expect of Darden’s Earnings in Fiscal 1Q17?

    Darden has beaten analysts’ earnings per share estimates in the last four quarters. Usually, when earnings beat analysts’ estimates, a share’s price rises.

    By Rajiv Nanjapla
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    Earnings Report

    Why Analysts Expect DRI to Post Positive Same-Store Sales Growth

    Analysts are expecting Darden Restaurants (DRI) to post systemwide same-store sales growth of 1.6% in fiscal 1Q17 compared to 3.4% in fiscal 1Q16.

    By Rajiv Nanjapla
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    Consumer

    Texas Roadhouse Stock Slid 12% on Slowing Same-Store Sales Growth

    Texas Roadhouse (TXRH) reported its 2Q16 results on August 1 after the Market closed. TXRH posted revenue of $508.8 million and adjusted earnings per share of $0.47.

    By Rajiv Nanjapla
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    Consumer

    Why Did Darden Restaurants’ Earnings Margin Rise in Fiscal 4Q16?

    In fiscal 4Q16, Darden Restaurants (DRI) reported an EBIT (earnings before interest and tax) margin of 10.3% compared with 10.1% in fiscal 4Q15.

    By Rajiv Nanjapla
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    Consumer

    What Drove Darden’s Same-Store Sales Growth in Fiscal 4Q16?

    On a comparable calendar basis, in fiscal 4Q16, Darden Restaurants (DRI) reported overall same-store sales growth of 2.6% against analysts’ estimate of 2.8%.

    By Rajiv Nanjapla
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    Consumer

    Darden Restaurants Updates Guidance after Fiscal 4Q16 Earnings

    After fiscal 4Q16 results, Darden Restaurants’ (DRI) management has revised its same-store sales growth guidance for fiscal 2017 to the range of 1%–2% as compared to earlier estimates of 1%–3%.

    By Rajiv Nanjapla
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    Earnings Report

    Analysts Expect No Rise in Darden’s Fiscal 4Q16 Dividends

    Darden Restaurants (DRI) paid dividends of $0.55 per share in first two quarters of its fiscal 2016, and in fiscal 3Q16 it paid a dividend of $0.53.

    By Rajiv Nanjapla
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    Earnings Report

    What Do Analysts Expect of Darden’s Earnings in Fiscal 4Q16?

    Having discussed Darden’s estimated revenue, sources of revenue, and estimated EBIT margins, let’s now discuss analysts’ and management’s guidance.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    How Cheesecake Factory Came Out Ahead in 1Q16 EPS Growth

    With EPS growth of 21.4%, The Cheesecake Factory (CAKE) beat our other four companies in 1Q16. EPS growth was driven mainly by share repurchases of more than $100 million.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Casual Dining Restaurant with the Highest 1Q16 Earnings Margin

    In 1Q16, only one of the five casual dining restaurant companies in our series posted a rise in EBIT margins compared to 1Q15.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Which Casual Dining Restaurant Is Best at Expanding Its Business?

    To have more control and implement their initiatives faster, casual dining restaurants are focused more on adding company-owned restaurants than franchised restaurants.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Texas Roadhouse: Same-Store Growth Beats Other Casual Restaurants

    Casual dining restaurants didn’t have a good 1Q16. The five companies in our series posted a median same-store sales growth of -1.5% compared to 4.2% in 1Q15.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Buffalo Wild Wings: Revenue Growth Tops Casual Dining Restaurants

    Revenue growth drives earnings and, in turn, raises investor confidence. In 1Q16, casual dining restaurant companies in our series posted a median revenue growth of 6.9%.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What Do Analysts Recommend for Texas Roadhouse?

    The rise in EPS estimates for the next four quarters has prompted analysts to increase their price target for TXRH for the next 12 months to $45.1 from their earlier estimate of $44.8.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    The Cheesecake Factory Is Not Just about Desserts

    The Cheesecake Factory has positioned itself as an upscale casual dining concept that focuses on providing a distinctive, high-quality dining experience.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What’s Really Driving Buffalo Wild Wings’ Revenues?

    From 2011 to 2015, Buffalo Wild Wings’ (BWLD) revenues increased from $784 million to $1.8 billion—a rise of over 131%.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    Inside Buffalo Wild Wings’ Marketing Strategies

    Buffalo Wild Wings is competing in the highly competitive restaurant business, wherein innovation is a must to keep up with the changing needs of customers.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What You Should Know about Buffalo Wild Wings

    Buffalo Wild Wings is a casual dining restaurant and sports bar headquartered in Minneapolis. Founded in 1982, the company is also known as BW3.

    By Rajiv Nanjapla
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    Earnings Report

    New Stores Boost Cracker Barrel’s Revenue

    Cracker Barrel Old Country Store (CBRL) has a market cap of $3.49 billion. Its YTD performance was stable. It was in a trading range until the earnings report.

    By Gabriel Kane
  • uploads///ADP Employment
    Macroeconomic Analysis

    The ADP Employment Report and Its Influence on Restaurant Stocks

    The ADP employment report tracks 23 million US employees across 400,000 businesses in the US. The report only takes into account private payrolls.

    By Adam Jones
  • uploads///Same Store Sales Growth
    Earnings Report

    Yum! Brands’ Same-Store Sales Growth was Negative in China

    China’s same-store sales growth was -12% in 1Q15—compared to 9% growth a year ago. This directly impacted the division’s revenue growth. It fell 8.9% YoY.

    By Adam Jones
  • uploads///Chart Title
    Company & Industry Overviews

    Why Unit Growth is Critical for Brinker International

    Brinker International’s 2014 unit growth included opening ten Chill’s in the United States. Two were opened by franchise.

    By Adam Jones
  • uploads///Avg Check
    Company & Industry Overviews

    Average Checks at Chili’s and Maggiano’s – Why Do They Matter?

    The average check at Chili’s in 2014 was $14.31, lower than its main peers. Maggiano’s average check was $26.72, the highest among its peers.

    By Adam Jones
  • uploads///International
    Company & Industry Overviews

    Bloomin’ Brands Restaurants Have an International Reach

    Bloomin’ Brands International segment contributed about 13% of total 2014 revenue, including all company-owned and franchise restaurants outside the US.

    By Adam Jones
  • uploads///Unit Growth
    Company & Industry Overviews

    Darden: New LongHorn Steakhouse Units Pass Olive Garden

    With ~80% of revenues coming from Olive Garden and LongHorn Steakhouse, Darden focuses heavily on expanding the restaurant units of these two brands.

    By Adam Jones
  • uploads///Flemings Revenue
    Company & Industry Overviews

    Profile: Bloomin’ Brand’s Fleming’s Prime Steakhouse & Wine Bar

    Fleming’s Prime Steakhouse & Wine Bar is a full-service “upscale” casual dining restaurant, according to the company.

    By Adam Jones
  • uploads///Bonefish Grills Revenue
    Company & Industry Overviews

    Why Bloomin’ Brands is Focusing on Bonefish Grill

    Bonefish Grill is the third most important brand for Bloomin’ Brands (BLMN), contributing 14% of the company’s revenue.

    By Adam Jones
  • uploads///Carrabbas Revenue
    Company & Industry Overviews

    Bloomin’ Brands’ Second-Biggest Brand: Carrabba’s Italian Grill

    Like Outback Steakhouse, Carrabba’s Italian Grill is also a full-service casual restaurant, but it primarily serves Italian cuisine.

    By Adam Jones
  • uploads///Outback Steakhouses Revenue
    Company & Industry Overviews

    Why Outback Steakhouse is Bloomin’ Brands’ Most Important Concept

    Outback Steakhouse is a full-service casual restaurant primarily serving steaks. The ambiance is set up to match “Australian décor.”

    By Adam Jones
  • uploads///Menu Price Increase
    Company & Industry Overviews

    Bloomin’ Brands Increases Menu Prices 3 Years in a Row

    A restaurant must be cautious when raising its menu prices, as this may lead to losing price-sensitive customers. But price increases aren’t uncommon.

    By Adam Jones
  • uploads///LTM Sales By Coneept
    Company & Industry Overviews

    Investin’ in Bloomin’ Brands: A Key Business Overview

    In this series, you’ll learn about Bloomin’ Brands’ financial performance, revenue, competition, latest earnings, and stock performance over the years.

    By Adam Jones
  • uploads///Olive Garden Revenue Trend
    Company & Industry Overviews

    Olive Garden: Darden’s Most Important Brand

    In 2014, Olive Garden contributed about 58% to Darden’s revenues as of fiscal 2014. Olive Garden gained importance after Darden sold Red Lobster in 2014.

    By Adam Jones
  • uploads///Revenue Trend
    Company & Industry Overviews

    A Look into Darden’s Revenue Trend

    About 58% of Darden’s fiscal 2014 revenue came from Olive Garden, followed by 22% from LongHorn Steakhouse, and ~20% from Specialty Restaurant Group.

    By Adam Jones
  • uploads///NRAs Current Situation Index vs Expectations Index
    Macroeconomic Analysis

    Current Situation And Expectations Indices Show Positive Trends

    The Current Situation Index suggests that the industry is healthy. Restaurants have been incurring capital expenditures to advance their operations.

    By Adam Jones
  • uploads///Revenue
    Earnings Report

    Why Yum! Brands’ Revenue Is Expected To Decline

    Yum! Brands (YUM) earns revenue from the company-operated and franchise stores. Wall Street analysts estimate $3,943 million in revenue.

    By Adam Jones
  • uploads///Revenues
    Earnings Report

    Wendy’s Revenue May Come In Lower Year-Over-Year

    Wall Street analysts estimate $506 million for Wendy’s revenues, which sequentially is 1% down from 3Q14 revenues of $512.5 million and a 14% decline.

    By Adam Jones
  • uploads///Food Inflation
    Earnings Report

    Brinker International’s Food Costs Could Moderate

    The prices of poultry, meat, dairy, seafood, and produce remained stable in November and December. So EAT may report moderated food costs.

    By Adam Jones
  • uploads///McDonalds Revenue Trend
    Earnings Report

    McDonald’s – Management’s Initiatives During 4Q14

    McDonald’s (MCD) has been struggling to grow its revenue. To turn the situation around, management noted specific initiatives.

    By Adam Jones
  • uploads///US Population by Age
    Company & Industry Overviews

    Why restaurants are targeting Millennials

    As the Millenial Generation enters the labor force and gets jobs and increased purchasing power, they are highly critical of the restaurant industry.

    By Adam Jones
  • uploads///Alcoholic Beverage Sales
    Company & Industry Overviews

    Pivotal Government Regulations That Affect Texas Roadhouse

    In addition to the factors we’ve discussed, regulations can also affect the company’s profits. Let’s look at some of the regulations that apply to TXRH.

    By Adam Jones
  • uploads///Revenue vs Same Store Sales Growth
    Company & Industry Overviews

    Analyzing Texas Roadhouse’s Profitability And 2 Key Expenses

    Between operating income and net income, the company incurs two expenses that affect its profitability: income tax expense and interest expense.

    By Adam Jones
  • uploads///Menu
    Company & Industry Overviews

    Why Texas Roadhouse Increased Its Menu Prices

    The company increased its menu prices by 1.5% in early December of 2013, and in 2012, it increased menu prices by 2.2%.

    By Adam Jones
  • uploads///Franchise Royalties Fees
    Company & Industry Overviews

    Texas Roadhouse’s Revenues From Franchise Royalties And Fees

    We saw Texas Roadhouse’s (TXRH) revenues and year-over-year revenue growth. A fraction of those revenues comes from royalties and fees from franchises.

    By Adam Jones
  • uploads///The menu
    Company & Industry Overviews

    A Closer Look At Texas Roadhouse’s Steak-Focused Menu

    In the last part of this series, we briefly covered Texas Roadhouse’s (TXRH) steak-focused menu. Let’s look at it in more detail in this article.

    By Adam Jones
  • uploads///Five Year Revenue Trend
    Company & Industry Overviews

    A Must-Read Business Overview Of Texas Roadhouse

    In this overview of Texas Roadhouse, we’ll look at the company’s financial performance, value drivers, competition, unit growth, and other key information.

    By Adam Jones
  • uploads///Darden Stores
    Consumer

    Why Darden core brands may not bring in more $100,000 customers

    With the exception of Red Lobster, the company noted that it has been successful at increasing relevance to these more financially secure and younger consumers.

    By Xun Yao Chen
  • uploads///Selling General and Administrative Expense    e
    Consumer

    Darden analysis: Advertising drives higher operating expenses

    High advertising expenses Darden’s high advertising expenses as a percent of sales support the view that the company isn’t ready to switch to a much lower average check and higher guest traffic. Barington Capital Group did mention Darden’s high SG&A (selling, general, and administrative) expenses were a cost category the company could work on cutting. […]

    By Xun Yao Chen
  • uploads///Revenue Per Square Foot
    Consumer

    Darden analysis: Why revenue per square foot is essential

    Average revenue per square foot To get a better picture of Darden’s business, we further looked into casual dining restaurants’ average revenue per square foot—the square feet of restaurants across primarily the United States and their guest traffic. This will help us decide whether Darden’s Olive Garden and Red Lobster brands should pick up a […]

    By Xun Yao Chen
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