Texas Roadhouse Inc

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  • Kent Taylor
    News

    Texas Roadhouse Founder and CEO Kent Taylor Dies at 65

    By Dan Clarendon
  • 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
  • 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
  • uploads///Dardens Real Estate Expense    e
    Consumer

    Darden analysis: Key benefits of a restaurant owning properties

    Owning properties reduces real estate costs A restaurant business that owns its own building is a bit different from a restaurant business that rents its buildings or lands. From a business standpoint, you can think of a restaurant that owns its buildings as the sum of two businesses: restaurant and real estate. Because the real […]

    By Xun Yao Chen
  • 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
  • uploads///cbrl pm
    Earnings Report

    Cracker Barrel’s Revenue and Income Rose in 1Q16

    Cracker Barrel has a market cap of $3.1 billion. After the 1Q16 earnings report, Cracker Barrel fell by 6.5% to close at $129.91 per share as of November 24, 2015.

    By Gabriel Kane
  • uploads///cbrl pe
    Earnings Report

    How Does Cracker Barrel Compare to Its Peers?

    The peers outperformed Cracker Barrel based on the PE ratio. However, Cracker Barrel is ahead of its peers based on the PBV ratio.

    By Gabriel Kane
  • uploads///Breakdown of Dardens Upside Potential
    Consumer

    Must-know: 3 important things that could drive Darden up 45%

    However, shares do tend to fall following spinoffs, as they’re widely considered an inefficient means of distributing shares to investors.

    By Xun Yao Chen
  • uploads///pablo merchan montes Orztoe unsplash
    Company & Industry Overviews

    Technology Drives Guest Satisfaction, Restaurant Stocks

    A Cornell study found that a 1% increase in customer satisfaction can boost restaurant sales by $1.3 million. Technology plays a big role in this trend.

    By Rekha Khandelwal, CFA
  • 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///restaurant
    Company & Industry Overviews

    The Restaurant Industry: An Overview

    More Americans are eating out, and they’re eating out more often. The restaurant industry’s share of the food dollar is 51%, up from 25% in 1955.

    By Rekha Khandelwal, CFA
  • 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
  • uploads///
    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
  • uploads///
    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
  • uploads///
    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

    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
  • uploads///
    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

    Comparing The Cheesecake Factory’s Performance with Its Peers’

    If you had invested $100 in The Cheesecake Factory on May 27, 2011, it would have become $157.8 by May 29, 2016.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What Is The Cheesecake Factory’s Marketing Strategy?

    The Cheesecake Factory (CAKE) is competing in a highly competitive restaurant business, where innovation is absolutely necessary to keep up.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    How Is The Cheesecake Factory Expanding Its Business?

    By the end of 2015, CAKE was operating 188 The Cheesecake Factory restaurants, 12 Grand Lux Cafes, and one RockSugar Pan Asian Kitchen restaurant.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    CAKE’s Average Check Has Increased Year-over-Year

    In 1992, when CAKE was listed, its average check size was at $13.6. By the end of 2015, the company’s average check size had increased to $20.8.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What’s Been the Main Driver of CAKE’s Same-Store Sales Growth?

    In the last five years, The Cheesecake Factory’s (CAKE) same-store sales growth was in the range of 1%–3%, largely driven by rises in its menu prices.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    What’s Driving The Cheesecake Factory’s Revenue Growth?

    The Cheesecake Factory earns its revenue from its company-owned restaurant sales, franchisee fees and royalties, and its bakery operations.

    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

    How Did The Cheesecake Factory Expand after Going Public?

    In February 1992, The Cheesecake Factory (CAKE) went public by offering 2.3 million shares at $20 per share. It closed its opening day at $27.3 per share.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    A Must-Know Guide to The Cheesecake Factory

    The Cheesecake Factory (CAKE) is a casual restaurant chain that was founded in 1978. The California-based company owns and operates 201 restaurants.

    By Rajiv Nanjapla
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    Company & Industry Overviews

    How Did The Cheesecake Factory Come to Exist?

    The origin of The Cheesecake Factory dates back to the 1940s, when Evelyn Overton found a recipe in a local newspaper that inspired her original cheesecake.

    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
  • uploads///Distribution by Age
    Macroeconomic Analysis

    Who Are Minimum Wage Workers in the US?

    About 50% of minimum wage workers are between the ages of 16 and 24, according to a U.S. Bureau of Labor Statistics report.

    By Adam Jones
  • uploads///Brinkers Daily Stock Movement
    Company & Industry Overviews

    Brinker International’s Stock Performance Triples over Five Years

    Brinker International’s (EAT) stock performance has grown almost three times to $60 levels from $19 five years ago, returning ~200% on investment.

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

    Is Brinker International Undervalued Compared to Its Peers?

    Brinker International’s (EAT) PE was 18.5x, which is below the peer average of 21.6x. Thus, Brinker is undervalued compared to most of its peers.

    By Adam Jones
  • uploads///Key Costs of Operation
    Company & Industry Overviews

    Brinker International’s Key Costs of Operations

    Brinker incurs key costs of operations to run its company-owned restaurants, including cost of sales, labor and related costs, and rent and other costs.

    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///Same Store Sales Growth in
    Company & Industry Overviews

    How Do Brinker’s Same-Store Sales Compare to Its Peers?

    Not many of Brinker’s peers had robust same-store sales growth in 2014, especially compared to the 17% growth of fast casual concepts such as Chipotle.

    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///Same Store Sales Growth
    Company & Industry Overviews

    Olive Garden and LongHorn Steakhouse’s Same-Store Sales Growth

    LongHorn Steakhouse’s same-store sales increased to 2.7% in 2014 year-over-year from 1.2% in 2013. This is lower compared to fiscal 2012 and fiscal 2011.

    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///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///Market Cap
    Company & Industry Overviews

    Business Overview of Darden Restaurants

    As of 2014, Darden Restaurants owned 1,520 restaurants, excluding more than 700 Red Lobster locations.

    By Adam Jones
  • uploads///US Personal Consumption Expenditure PCEPI
    Macroeconomic Analysis

    Low Inflation Means More Spending – Good For Restaurant Stocks

    When inflation is low, consumers have greater purchasing power. So, there’s a higher spending capacity. This is a positive sign for restaurant companies.

    By Adam Jones
  • uploads///US Gross Domestic Product
    Macroeconomic Analysis

    Why US Gross Domestic Product Growth Impacts Restaurants

    The restaurant industry is part of the consumer discretionary sector. This sector does well when the economy is expanding.

    By Adam Jones
  • uploads///US Personal Consumption Expenditure PCEPI
    Macroeconomic Analysis

    How Inflation Impacts The Restaurant Industry

    Low inflation means low interest rates. This makes it affordable for restaurants to borrow and expand units.

    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///Cost Analysis
    Company & Industry Overviews

    Analyzing Texas Roadhouse’s Key Operating Costs

    Operating costs include rent, utilities, advertising, property tax, repairs and maintenance, credit card fees, and supplies. These costs have been falling.

    By Adam Jones
  • uploads///Advertising Expenses
    Company & Industry Overviews

    Understanding Texas Roadhouse’s Marketing Approach

    A company can increase its marketing and promotional activities to bring in more customers and obtain operating leverage.

    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///Intaliano Burger
    Consumer

    Darden updates Olive Garden’s menu to target low and high checks

    Olive Garden is also rethinking its core menu, which is an important step to take because customers have been fleeing the restaurant in favor of alternatives.

    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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