Brinker International, parent company to Chili's and Maggiano's, released its 2017 second quarter results showing both restaurant chains had falling sales, reducing its profit outlook as locations struggle to pay more for products and get customers in the door.
Three famous franchising firms place among the top 100 Best Workplaces for Women list. Hyatt Hotels Corporation is ranked the highest, followed by restaurant franchisor Chili's Grill and Bar and then Marriott.
Many restaurants and merchants, including franchises, are offering free meals or discounts tomorrow, Veterans Day (Tuesday, November 11, 2014). A few have already started their offers, while some are waiting until next week Monday.
The business press and Wall Street are focusing on signals of quarter to quarter sales momentum. There is no doubt that restaurant sales momentum cooled off from late 2011 and 2012, but its far from a disaster. We have settled into a new normality that is actually closer to 2010-2011 levels.