Wray Newsletter Masthead
Facts at a Glance
by National Restaurant Association
  • $782.7 billion: Restaurant industry sales.
  • 1 million+: Restaurant locations in the United States.
  • 14.4 million: Restaurant industry employees.
  • 1.7 million: New restaurant jobs created by the year 2026.
  • 10%: Restaurant workforce as part of the overall U.S. workforce.
  • 9 in 10: Restaurant managers who started at entry level. 
  • 8 in 10: Restaurant owners who started their industry careers in entry-level positions.
  • 9 in 10: Restaurants with fewer than 50 employees.
  • 7 in 10: Restaurants that are single-unit operations.

Executive Movements
Veggie Grill Welcomes Randall Niemeyer as Chief Financial Officer.
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Logan's Roadhouse announced that 35-year industry veteran and proven restaurant turnaround executive Hazem Ouf has been named its CEO and Partner.
Full Article »

American Blue Ribbon Holdings, LLC Announces Appointment of William E. Hall as President of O'Charley's Restaurant Group.
Full Article »

RAVE Restaurant Group, Inc. announced that the Board of Directors has named Scott Crane as Chief Executive Officer.     Full Article »

Papa Murphy's Holdings, Inc. announced that, effective immediately, Chair of the Board, Jean Birch, has been appointed interim Chief Executive Officer.   Full Article »

Del Taco Restaurants, Inc. Promotes John D. Cappasola, Jr. to President and Chief Brand Officer.
Full Article »

Kevin Johnson to become chief executive officer and assume full responsibility for Starbucks global business and operations.
Full Article »


Financial Overview

Zoës Kitchen Announces Third Quarter 2016 Results.  Total revenue increased 19.4% to $67.3 million. Comparable restaurant sales increased 2.4%..
 Full Article »

Third Quarter Total Revenue Grew 40.0% - Same-Shack Sales Increased 2.9%.
Full Article »

Total revenues increased 4.7% to $64.0 million, compared to $61.1 million in the third quarter of 2015.
 Full Article »

Total revenues increased 5.9% to $182.3 million; Comparable restaurant sales at Pollo Tropical decreased 1.0% and comparable guest traffic decreased 2.5%.
 Full Article »

ICR Industry Overview - What they had to say
by Bob Gershberg, CEO/Managing Partner Wray Executive Search
Bob Gershberg

I had the pleasure of doing lots of listening at last week's ICR Conference. ICR is a premier investment conference for the retail and restaurant industries providing a platform that brings together public and private company management teams, institutional investors, research analysts, investment bankers, private equity professionals and members of the media. It's a great forum for exchanging insights into current consumer and economic trends for both emerging and established companies.

Full Article »

Success is going from failure to failure without loss of enthusiasm.
--Winston Churchill

Restaurant Traffic versus Transactions: Which is Best to Count and Report?
by John A. Gordon, principal and founder of Pacific Management Consulting Group

John Gordon
As restaurants reach out to more sales channels out of necessity, counting restaurant activity levels becomes more complicated. Defining the "traffic" metric is especially important in this current time of low or negative traffic counts, and businesses models adding catering and delivery options.

Executive Chat
Featuring Michael Dorf, Founder, and CEO of City Winery
by Rebecca Patt, SVP Development, Wray Executive Search

Rebecca Patt
City Winery is a one-of-a-kind destination combining an intimate concert venue, a sophisticated urban winery, and a restaurant offering wine-inspired, locally-sourced fare. City Winery has locations in New York City, Chicago, Nashville, and Atlanta, with a new Boston location opening in early 2017.

How did you get involved in City Winery?

I started City Winery in 2008. I had started earlier a club in NYC in 1987 called the Knitting Factory which grew into a large entertainment company. In 2002, I sold my interests, and in 2004 made a barrel of wine in California. I caught the bug. I always love drinking wine as a fan, but now, wanted to get deeper in the creation of this... 

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Financial Edge
2017 Begins With New Optimism
by David Ulrich, EVP Wray Executive Search

David Ulrich
2016 has come to pass with the Holiday Season showing some surprising and long awaited positive results from the consumer and business leadership alike. Despite many of the larger brick and mortar Retailers taking it on the chin in the fourth quarter.
Full Article »

The Big Apple
Restaurants Re-Defined
by Joe Radice, Vice President, Wray Executive Search

Joe Radice
It is important to understand that millennials are re-defining the restaurant industry just as they have been impacting everything in our culture. In New York they have dramatically changed our dining out patterns and what makes a hot concept. Just as millennials have radically changed how we connect with each other (social media), how we travel (Uber, Airbnb), and how we do business (virtually), the world's largest demographic has also changed how we eat. .
Full Article »

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