Customers lined up in Feb, 2010 for free breakfast at a Georgia Denny's
SAN DIEGO – What has emerged from turmoil of free meals and CEO succession in the Denny's chain is a restaurant network that has become the epitome of collaboration between franchise owners and franchisor. That renewed collaboration is helping the chain turn the corner.
"Traditional restaurant chains are losing relevance," said Darren Tristano, Executive Vice President of Technomic, to investment news site 24/7 Wall St.
In January and early February, we had a lot of restaurant earnings and investor conference news, from YUM (NYSE:YUM), Darden (NYSE:DRI) Wendy’s Arby’s Group (NYSE:WEN), Brinker (NYSE:EAT) and McDonald’s (NYSE:MCD).
Same store sales is an important retail and restaurant metric. It is because of the operating leverage concept, that is, once an incremental sales gain occurs, somewhere from zero to $.70 falls through to the bottom line.
CHICAGO — The bad news for restaurant owners for the first quarter of 2010 is that customer traffic continued to decline for the seventh consecutive quarter.
In April, we had several chain restaurants report: McDonald’s (MCD), Chipotle (CMG), Starbucks (SBUX) Brinker (EAT), Burger King (BKC), Panera (PNRA), Buffalo Wild Wings (BWLD) and others.
