Restaurant operator Brinker International cites higher prices, fewer workers as profit falls

Labor issues, from shortages to strikes, are intensifying and hurting company profits. The increasing likelihood that more wage gains lie ahead implies higher costs and thinner margins, while also undermining the prospect of transitory inflation.

The latest labor news comes from restaurant firm Brinker International Inc. — the Dallas-based parent of restaurant chains Chili’s and Maggiano’s Little Italy. The company owns, operates or franchises more than 1,600 restaurants in 29 countries.

Brinker shares fell 9.1% Wednesday after its fiscal first-quarter profit fell far short of analysts’ forecasts as it faces higher commodity and labor costs. Peer Chipotle Mexican Grill Inc., which is due to report on Thursday, also slipped in Wednesday trading, as did other dining stocks.

The “COVID surge starting in August exacerbated the industry-wide labor and commodity challenges and impacted our margins and bottom line more than we anticipated,” Brinker CEO Wyman Roberts said in the statement. “We

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22 Tips To Maintain Your Weight loss program On Track

The World’s Finest 50 Eating places is a listing produced by UK media firm William Reed Enterprise Media , which initially appeared in the British journal Restaurant , based mostly on a ballot of international cooks , restaurateurs , gourmands and restaurant critics In addition to the principle ranking, the organisation awards a sequence of particular prizes for people and eating places, including the One To Watch award, the Lifetime Achievement Award and the Chefs’ Choice Award, the latter primarily based on votes from the fifty head cooks from the restaurants on the earlier 12 months’s checklist. Plus, what we will learn from fad diets that will not be so great for you in the long run. Her diet consisted of greasy pizzas, burgers and carbohydrate-wealthy junk foods, which saw her tip the scales at 266lbs and squeeze into a costume measurement 20. Our signature dish. Crispy rooster wok-tossed in … Read More

This world-famous restaurant ditched meat, but it’s still charging $335 a person. Will people pay? | Food and Cooking

This world-famous restaurant ditched meat, but it's still charging $335 a person. Will people pay?

Chef Daniel Humm and his staff have faced some scathing reviews of his new restaurant Eleven Madison Park.

There was a moment last year, as COVID-19 brought the entire planet to a standstill, when the chef and owner of one of the world’s most renowned and expensive restaurants thought he might lose everything.

Daniel Humm’s restaurant, Eleven Madison Park, has three Michelin stars and had recently topped the World’s 50 Best Restaurants list. But like so many other less famous restaurants during the pandemic, it had to lay off all its employees, was struggling to pay its vendors and was facing the once-unthinkable prospect of filing for bankruptcy.

“At times I thought, well, if we’re going bankrupt with Eleven Madison Park, maybe that’s the end of a chapter,” Humm told CNN in an interview in August. “I actually got to the place where I

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2 retailers coming to Charleston’s King St.; Va. restaurant to open near City Market; | Real Estate

A Virginia-based restaurant with a baudy-sounding name is bringing a new venue to downtown Charleston.

Well Hung Vineyard will open in February in a three-story building at 49 S. Market St. across from the City Market, according to owner Anthony Herring

The restaurant has two locations in Virginia. Herring opened a restaurant in Gordonsville, near the company’s base outside Charlottesville, in 2019. He launched another location in Roanoke earlier this year in February.

Well Hung Vineyard restaurant owner Anthony Herring

Anthony Herring, owner of Well Hung Vineyard restaurant, stands Oct. 20 in front of the building at 49 S. Market St. in downtown Charleston, where he plans to open a new venue by February. He also owns two restaurants of the same name in Virginia. Warren L. Wise/Staff

Herring bought the business in 2016. The company started as a vineyard near Charlottesville in 2008 by three women “who recognized the value of a good joke

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