Spending at family-dining restaurants, including Cracker Barrel Old Country Store Inc., Bob Evans Farms Inc. and Denny’s Corp., is improving after a winter-time slump, helping to offset concerns that U.S. consumption may soften.
Full-service chains owned by Darden Restaurants Inc. and Brinker International Inc. are underperforming as investors bet on a slowdown in dining out, a signal to the Federal Reserve to do more to bolster consumption.
When California Lieutenant Governor Gavin Newsom begins meetings in Austin with Hardee’s hamburgers chief Andrew Puzder, local Chamber of Commerce Chairman Bobby Jenkins and Texas Governor Rick Perry , it’s because the most- populous state lingers in a funk, even as the U.S. pulls out of the deepest recession in half a century.
Yum! Brands Inc. , owner of the KFC fast-food chain, offered to take Little Sheep Group Ltd. private in a deal that values the operator of hot pot restaurants in China at HK$6.7 billion ($862 million).