FSR August 2022

FSR 50

7 6JG %JGGUGECMG (CEVQT[ EQPVKPWGU VQ RWPEJ CDQXG KVU YGKIJV 6JG restaurant’s enviable average unit sales have long placed it right up there with brands quadruple the size, and COVID didn’t tarnish that UWRGTRQYGT #HVGT C TQWIJ YJGP VJG EQORCP[ UVTWEM C FGCN YKVJ 4QCTM %CRKVCN VQ UJQTG WR KVU QYP NKSWKFKV[ YCU C TGCYCMGP ing; the brand bought back the majority of Roark’s stake and brought KP GXGP OQTG EWUVQOGTU $[ VJG GPF QH NCUV [GCT CXGTCIG YGGMN[ UCNGU YGTG RGTEGPV JKIJGT VJCP NGXGNU 6JG DTCPF YCU CNUQ CVVTCEVKPI C UNGY QH PGY EWUVQOGTU YJKNG KVU pHTGSWGPV EQJQTVqKPETGCUGF VJGKT XKUKVU HTQO VQ RGT [GCT QP CXGTCIG #PF CNVJQWIJ 6JG %JGGUGECMG (CEVQT[ UVWODNGF FWTKPI VJG YKPVGT 1OKETQP UWTIG VJG EQORCP[ KU EQPƂFGPV KVU GZVGPUKXG OGPW YKVJ XCT[KPI RTKEG RQKPVU IKXGU KV C NGI WR KP VJG HCEG QH KPƃCVKQP THE CHEESECAKE FACTORY THE CHEESECAKE FACTORY

6*' %*''5'%#-' (#%614;

6 ” #OGTKECoU &KPGTq TGICKPGF lost ground last year, but UVCHƂPI UJQTVCIGU EQP tinued to hamper plans for a system-wide return VQ JQWTU 0GXGTVJG NGUU JCU CNTGCF[ proved a momentous year HQT VJG DTCPF +P GCTN[ /C[ &GPP[oU announced it agreed to purchase Orlando-based Keke’s Breakfast %CHÅ HQT OKNNKQP VJG HQNNQYKPI month, Kelli Valade began her ten ure as CEO, a role she’d recently left at Red Lobster after only eight months CV VJG JGNO DENNY’S

8 Even without factoring in its retail arm’s roughly $600 million in sales, %TCEMGT $CTTGN RGTHQTOGF CFOKTCDN[ KP VJG ƂUECN [GCT GPFKPI ,WN[ Last summer’s Delta surge combined with more consumers seeking special occasion dining experiences dampened sales for a spell, but the company continued pulling multiple levers and is now enjoying VJG HTWKVU QH KVU NCDQT 6YQ XKTVWCN DTCPFU %JKEMGP Po $KUEWKVU CPF 6JG 2CP cake Kitchen, plus multiple ghost kitchen locations have anchored its off RTGOKUGU DWUKPGUU %TCEMGT $CTTGN KU CNUQ GZRCPFKPI KVU ƃGFINKPI DGGT CPF YKPG RTQITCO CPF YQTMKPI VQ KPEQTRQTCVG OQTG VGEJ KPVQ QRGTCVKQPU CRACKER BARREL MOMMA’S PANCAKES AT CRACKER BARREL

%4#%-'4 $#44'.

&'00;o5

#7)756 33

FSRMAGAZINE.COM