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2008-10-30 Restaurant Industry News Highlights

Trends

Restaurants Lower Prices for Cash-Strapped Consumers
Mintel Menu Insights sees more budget-friendly food and drink on American menus ...more

The Dirty Reasons Why Diners Don't Return to Restaurants
Nationwide Consumer Survey Shows Bathroom Cleanliness Can Make or Break the Dining Experience ...more

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Appointments

Smashburger Hires Former President of Successful Leeann Chin Chain to Grow Operations Division
Innovative Better Burger Concept Taps Industry Veteran Greg Creighton, in Preparation for National Expansion ...more

Restaurant Veteran Troy Cooper Named President of Food Friends and Company
Jack Baum, chairman and CEO of Food Friends and Company, (a Dallas, Texas-based restaurant development and management company), has announced that Troy Cooper has been named president of the company. Cooper joins Food Friends and Company from Rockfish Seafood Grill, where he was president and chief operating officer. ...more

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Environmental

McDonald's All-Digital Corporate Responsibility Report - Metrics and Milestones Include Environment, Sustainable Food and Community Outreach
The highly interactive, all-digital report, accessed at http://www.crmcdonalds.com/, unveils McDonald's progress in six key areas: governance and ethics, environmental responsibility, nutrition and well-being, sustainable supply chain, employment experience and community. ...more

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Financial

O'Charley's Revenue for the third quarter of fiscal 2008 decreased 5.1
O'Charley's Inc. Reports Results for the Third Quarter of 2008 ...more

Kona Grill Reports Third Quarter Results
Restaurant sales increased 4.3% to $19.5 million ...more

Famous Dave's Reports Third Quarter Loss of $0.08 Per Share
Famous Dave's of America, Inc. (NASDAQ: DAVE) today announced revenue of $35.1 million and a net loss of $763,000, or $0.08 per diluted share, for its fiscal third quarter ending September 28, 2008. ...more

Granite City Food & Brewery Ltd. Reports 30% Increase in Third Quarter Revenues
Company-Wide Adjusted EBITDA Improves to $706,000 in Third Quarter 2008 from $457,000 in Third Quarter 2007 ...more

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Other

Sammy's Woodfired Pizza Announces Gluten-Free Menu Options
Sammy's Woodfired Pizza, named as one of the '50 Fastest Growing Restaurant Chains' with sales between $25MM and $50 MM by Restaurant Business Magazine (July 2008), has added a new gluten-free pizza dough substitution to their popular Zagat award-winning menu. ...more

Starbucks Statement Regarding Comments Made to Media at Leadership Conference
In response to questions from reporters today about the economic climate in the United States and its impact on Starbucks (NASDAQ:SBUX), Howard Schultz, chairman and ceo, made general comments about the state of consumer confidence and the retail environment. ...more

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 Departments

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 .  Appointments : 2 new
 .  Environmental : 1 new
 .  Financial : 4 new
 .  Other : 2 new
 .  Trends : 2 new

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