Brinker, Casual Dining Still Taking a Hit

Though some fast-food chains are faring well in the recession, casual dining still continues to suffer. Take the results of Brinker International, which saw its Chili’s and Maggiano’s chains post a combined 6% same-store sales drop in the first quarter, while profits slid 34%

Meanwhile, things aren’t looking a whole lot better over at P.F. Chang’s, where same-store sales fell 8.5% in its most recent quarter. And Texas-based chain Luby’s is closing 25 units.

Of course, Olive Garden always seems to be the exception, and its parent Darden recently reported that sales at the behemoth rose 1.2% during its most recent quarter.

This Nation’s Restaurant News report makes it sound like things are going to get worse before they get better. Some analysts predict that we will see more deterioration in fast food numbers as well. The article states that restaurants are one of the first sectors to perform better when economic conditions start improving, so by that barometer, we have a while to go.


4 Responses to “Brinker, Casual Dining Still Taking a Hit”

  1. 1 James October 21, 2009 at 4:03 pm

    Maggiano’s in my neighborhood is so good it deserves a government bailout, Oh, and pay their executives what ever they ask for too.

  2. 2 Adam W. October 22, 2009 at 9:28 am

    PF Chang’s just announced that they are planning accelerate growth Pei Wei’s restaurant growth.

  3. 4 Doug March 31, 2010 at 8:40 am

    Think about this one. The Restaurant Industry in the US employs more Americans than any other sector, yet we bailed out the Auto Industry (Except Ford who took no govenment money).

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