{"id":8184,"date":"2016-11-17T06:36:46","date_gmt":"2016-11-17T06:36:46","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=8184"},"modified":"2016-11-17T06:36:46","modified_gmt":"2016-11-17T06:36:46","slug":"datatrac-restaurant-foodservice-november-2016-2","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2016\/11\/datatrac-restaurant-foodservice-november-2016-2\/","title":{"rendered":"DATATRAC: Restaurant & Foodservice \u2013 November 2016"},"content":{"rendered":"

DATA<\/span><\/strong>TRAC <\/span><\/strong><\/span><\/em><\/p>\n

Personnel Updates<\/strong><\/span><\/p>\n

\u2022 <\/span>American Gonzo Food Corp (Pitfire Pizza)<\/strong> hired Jeff Goodman (formerly of King\u2019s Seafood Co<\/strong>.) as CEO.<\/p>\n

\u2022 <\/span>Buffalo Wild Wings Inc. <\/strong>named Alexander Ware CFO, taking over for the retired Mary Twinem, and Santiago Abraham CIO in separate announcements this month.<\/p>\n

\u2022 <\/span>Diversified Restaurant Holdings Inc.<\/strong>, the largest Buffalo Wild Wings<\/strong> franchisee, <\/strong>has made a number of moves ahead of an expected spin-off of its 19-unit Bagger Dave\u2019s<\/strong> concept. Chief executive Michael Ansley becomes Chairman, CFO David Burke moves into the roles of President and CEO and Phyllis Knight joins the company as CFO.<\/p>\n

\u2022 <\/span>Hard Rock<\/strong> CEO Hamish Dodds plans to step down in early 2017.<\/p>\n

\u2022 <\/span>Lemonade Restaurant Group <\/strong>announced that effective December 1 Larry Kurzweil, a former Universal Studios exec, would assume the role of President and CEO. Co-founder Alan Jackson will become Chairman and Chief Culinary Officer, and co-founder Ian Olsen will assume the role of Chief Development Officer.<\/p>\n

\u2022 <\/span>Pieology Pizzeria <\/strong>hired former Panera<\/strong> exec Clay Sanger as its COO.<\/p>\n

\u2022 <\/span>Schlotzsky\u2019s <\/strong>named Claire Quinn VP of Global Marketing. She takes over for Monte Jump, now with InterContinental Hotels Group.<\/p>\n

\u2022 <\/span>Sharkys Woodfired Mexican <\/strong>welcomed Steven Goldstein as its new Chief Marketing Officer.<\/p>\n

\u2022 <\/span>Slim Chickens <\/strong>appointed Mark Mears, formerly of Noodles & Company<\/strong> its new Chief Marketing Officer.<\/p>\n

\u2022 <\/span>Smashburger <\/strong>named Glenn Moon as Director of Franchise Sales.<\/p>\n

\u2022 <\/span>Sonic Corp.<\/strong> hired Sam Wong as its new Senior Director of Franchise Sales and Development.<\/p>\n

\u2022 <\/span>Starbucks <\/strong>promoted Virginia Wong from President, Starbucks China to CEO of the division.<\/p>\n

 <\/p>\n

Financial Focus<\/strong><\/span><\/p>\n

\u2022 <\/span>Luby\u2019s Inc. <\/strong>returned another lackluster year of results (FYE 8.31.16) with same store sales up 0.7% on a 1.1% increase at Luby\u2019s Cafeteria <\/strong>and flat Fuddruckers<\/strong> sales.<\/p>\n

\u2022 <\/span>Sonic Corporation <\/strong>released decent fiscal 2016 results (FYE 8.31.16) with same store sales up 2.6% and systemwide sales up 3.5%. The overall results were tempered, though, by the company\u2019s fourth quarter, which saw same store sales decrease by 2% versus the same period a year ago.<\/p>\n

\u2022 <\/span>Starbucks<\/strong> summed up its year (FYE 10.2.16) with this statement, “Starbucks Q4 of fiscal 2016 was the most profitable quarter – capping off the most profitable year – in our more than 24 years as a public company.\u201d An abbreviated look at the highlights includes comp sales up 5% in the Americas and total net revenue up 11% to $21.3 billion.<\/p>\n

 <\/p>\n

Industry Insight<\/strong><\/span><\/p>\n

\u2022 <\/span>&pizza <\/strong>received a $25 million investment from a growth capital fund and plans to open its first NYC restaurant in 2017 to go along with two new DC-area locations.<\/p>\n

\u2022 <\/span>Bojangles\u2019 <\/strong>will roll out a new store design next year with a new restaurant in South Carolina and three remodels in its home state of North Carolina.<\/p>\n

\u2022 <\/span>BurgerFi <\/strong>plans to add 35 new locations in 2017.<\/p>\n

\u2022 <\/span>B.R. Guest Hospitality <\/strong>will be purchased by Tilman Fertitta, founder of Landry\u2019s Inc.<\/strong>, from Starwood Capital Group in a deal expected to close in early December.<\/p>\n

\u2022 <\/span>Carrols Restaurant Group Inc. <\/strong>has agreements in place to purchase 24 Burger King<\/strong> locations for a deal that it expects to close in a matter of weeks.<\/p>\n

\u2022 <\/span>The Cheesecake Factory <\/strong>acquired a minority stake in the North Italia<\/strong> and Flower Child<\/strong> concepts owned by Fox Restaurant Concepts<\/strong> with an option to acquire majority or full ownership in the future.<\/p>\n

\u2022 <\/span>Chipotle <\/strong>is calling time on its ShopHouse <\/strong>Southeast Asian concept and will likely sell or close the 15-unit chainlet.<\/p>\n

\u2022 <\/span>CraftWorks Restaurants & Breweries <\/strong>acquired seven Old Chicago Pizza & Taproom<\/strong> restaurants from franchisee OCI Enterprises, Inc.<\/p>\n

\u2022 <\/span>Ignite Restaurant Group <\/strong>closed 14 Joe\u2019s Crab Shack<\/strong> locations and a Brick House Tavern and Tap<\/strong> during its third quarter that ended on 9.26.16.<\/p>\n

\u2022 <\/span>King’s Seafood Co. <\/strong>will open a Dallas outpost of its Water Grill<\/strong> concept in 2017, the first Texas location across all concepts for the company.<\/p>\n

\u2022 <\/span>Luna Grill,<\/strong> the San-Diego based Mediterranean fast-casual concept, secured $30 million in its latest round of funding, which will help with 2017 expansion plans that call for 18 new units.<\/p>\n

\u2022 <\/span>McDonald\u2019s <\/strong>credit rating was lowered by Fitch Ratings as the organization feels McDonald\u2019s recent improvements in same store sales aren\u2019t sustainable.<\/p>\n

\u2022 <\/span>Olive Garden<\/strong> rolled out its digital check-in service (accessible via app and website) system-wide.<\/p>\n

\u2022 <\/span>Starbucks <\/strong>plans call for having Reserve coffee bars in 1,000 Starbucks cafes by the end of 2017. The US will be home to most of them. In other news, the company has set its 2017 target for new stores openings (worldwide) at 2,100.<\/p>\n

\u2022 <\/span>Texas Roadhouse Inc.<\/strong> has <\/strong>passed the 500-unit mark for company and franchised stores (Texas Roadhouse, Bubba\u2019s 33<\/strong> and Jaggers<\/strong>) with the opening of a number of new Bubba\u2019s 33 locations in the few past months.<\/p>\n

\u2022 <\/span>Zoe\u2019s Kitchen<\/strong> continues its growth spurt, adding 11 new stores in the third quarter, bringing its total to 197 (up from 102 units at the end of 2013).<\/p>\n

 <\/p>\n

Mergers and Acquisitions<\/strong><\/strong><\/span><\/p>\n

\u2022 <\/span>Hamra Enterprises <\/strong>purchased 25 Chicagoland locations from The Wendy\u2019s Company<\/strong> adding to its existing Wendy\u2019s portfolio.<\/p>\n

\u2022 <\/span>Huey Magoo\u2019s Chicken Tenders<\/strong>, a four-unit concept out of Orlando, was purchased by a group of former Wingstop<\/strong> execs led by Andy Howard, the new CEO of Huey Magoo\u2019s and a former Exec VP at Wingstop.<\/p>\n

\u2022 <\/span>Meridian Restaurant Unlimited, <\/strong>a Burger King<\/strong> franchisee, acquired 11 Chili\u2019s <\/strong>locations (organized under Paradigm Restaurants<\/strong>) in Idaho, Montana and Washington from bankrupt Shoot the Moon LLC.<\/p>\n

\u2022 <\/span>Yum! Brands, Inc.<\/strong> announced that it completed the separation of Yum China Holdings, Inc. from Yum! Brands.<\/p>\n

 <\/p>\n

Real Estate<\/strong><\/strong><\/span><\/p>\n

\u2022 <\/span>Arby\u2019s Restaurant Group <\/strong>hooked up with 100+ unit Popeye\u2019s<\/strong> franchisee Parikh Network with the sale of 18 stores in Harrisburg, PA and Baltimore, MD and an agreement to open 50 additional stores in the next 8 years.<\/p>\n

\u2022 <\/span>Buffalo Wild Wings <\/strong>plans to expand its R Taco<\/strong> concept to 10 additional markets \u2013 Indianapolis, Cincinnati, Cleveland, Louisville, Lexington, KY, Nashville, Oklahoma City, Tulsa, St. Louis, and Kansas City, MO. \u2013 in the next 6 to 12 months.<\/p>\n

\u2022 <\/span>Chipotle <\/strong>opened its first Tasty Made<\/strong> location (Lancaster, OH).<\/p>\n

\u2022 <\/span>East Coast Wings & Grill<\/strong> will open locations in Atlanta and Harrisburg, NC in December. The first half of 2017 will see stores in Burlington, NC; Greensboro, NC; Memphis, TN and Lynchburg, VA. All new stores going forward will feature the new logo, menu items and revamped interiors that are part of the chains \u201c2.0\u201d refresh.<\/p>\n

\u2022 <\/span>Fiesta Restaurant Group <\/strong>closed 10 Pollo Tropical<\/strong> locations (eight in Texas, one in Nashville and one in Atlanta). Three additional Texas locations may be rebranded as Taco Cabana<\/strong> restaurants.<\/p>\n

\u2022 <\/span>Hwy 55 <\/strong>opened its first West Virginia location and plans to add 20 more units in the state in the next 10 years.<\/p>\n

\u2022 <\/span>J. Alexander’s LLC <\/strong>has three new stores in its development pipeline \u2013 a Stoney River Steakhouse and Grill<\/strong> in Chapel Hill, NC scheduled for a Q1 2017 opening, a Raleigh, NC J. Alexander\u2019s<\/strong> opening in mid-December and another J. Alexander\u2019s schedule to open in Lexington, KY in the first quarter of 2017.<\/p>\n

\u2022 <\/span>The Kati Roll Company <\/strong>opened its fourth NYC location this month with plans for a fifth store in the city and New Jersey location in early 2017.<\/p>\n

\u2022 <\/span>Mooyha Burgers, Fries & Shakes <\/strong>expanded into Massachusetts with a new store in Northborough.<\/p>\n

\u2022 <\/span>Campero USA <\/strong>(eight new Pollo Campero<\/strong> stores opened year to date and six more planned before the end of 2016) will open its first Tennessee location in 2017.<\/p>\n

\u2022 <\/span>Ruby\u2019s Restaurant Group<\/strong> will <\/strong>expand into Arizona with the opening of The Ruby\u2019s Express at Outlets at Anthem in early 2017.<\/p>\n

\u2022 <\/span>Shake Shack<\/strong> will open 21 to 22 new locations (domestic and international) in 2017, up from 19 in 2016.<\/p>\n

\u2022 <\/span>SoDel Concepts <\/strong>will open its second Bluecoast Seafood Grill<\/strong> (and tenth restaurant total) in Rehoboth, DE next summer.<\/p>\n

\u2022 <\/span>Texas Roadhouse Inc.<\/strong> will open two new Bubba\u2019s 33<\/strong> locations before the end of the year \u2013 Midland, TX in November and San Antonio in December. Look for another eight or so in 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

DATATRAC Personnel Updates \u2022 American Gonzo Food Corp (Pitfire Pizza) hired Jeff Goodman (formerly of King\u2019s Seafood Co.) as CEO. \u2022 Buffalo Wild Wings Inc. named Alexander Ware CFO, taking over for the retired Mary Twinem, and Santiago Abraham CIO in separate announcements this month. \u2022 Diversified Restaurant Holdings Inc., the largest Buffalo Wild Wings… Continue reading DATATRAC: Restaurant & Foodservice \u2013 November 2016<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[11],"class_list":["post-8184","post","type-post","status-publish","format-standard","hentry","category-restaurant-foodservice","tag-eupdate","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/8184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=8184"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/8184\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=8184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=8184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=8184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}