Casual Dining Takeover and Another Restaurant Bankruptcy

Today on the Restaurant Daily podcast, we discuss the latest news on the Darden acquisition. Domino’s is looking at a mixed bag in terms of earnings, with sales up but a hit to the stock.

On Wednesday, casual-dining giant Darden Restaurants announced it plans to buy Tex-Mex chain Chuy’s, which has 101 restaurants in 15 states, for $37.50 a share. The acquisition, which would be Darden’s second in the past year, would give the company its first Mexican brand.

Domino’s posted a 4.8% rise in same-store sales in the second quarter, but the company’s shares fell 14% after falling short of investor expectations, particularly in international markets. During the call, executives shared their thoughts on value.

On Wednesday, Tender Greens and its parent company One Table Restaurant Brands, which also owns Tocaya, filed for Chapter 11 protection from creditors and announced steps they were taking to secure their future.

You can read all of these stories and many more in today’s episode of Restaurant Daily.