September 20, 2014 11:18 PM ET

Hotels, Restaurants and Leisure

Company Overview of RARE Hospitality International, Inc.

Company Overview

RARE Hospitality International, Inc. owns, operates, and franchises restaurants in the United States. It offers a variety of menu items, including signature steaks, salmon, shrimp, chicken, ribs, pork chops, burgers, seafood, prime ribs, and wine. The company was formerly known as Longhorn Steaks, Inc. and changed its name to RARE Hospitality International, Inc. in January 1997. RARE Hospitality International, Inc. was incorporated in 1982 and is based in Atlanta, Georgia. RARE Hospitality International, Inc. operates as a subsidiary of GMRI, Inc.

8215 Roswell Road

Building 600

Atlanta, GA 30350

United States

Founded in 1982

19,773 Employees

Phone:

770-399-9595

Fax:

770-551-6686

Key Executives for RARE Hospitality International, Inc.

RARE Hospitality International, Inc. does not have any Key Executives recorded.

RARE Hospitality International, Inc. Key Developments

Longhorn Steakhouse Announces Sales Results for the Second Quarter of Fiscal 2014

Longhorn Steakhouse announced sales results for the second quarter ended November 24, 2013. For the quarter, sales were $320 million, 16.5% higher than the prior year, driven by revenue from 46 net new restaurants and its U.S. same-restaurant sales increase of 5.0%. On a percentage of sales basis, lower food and beverage expenses, restaurant expenses and depreciation and amortization expenses offset an increase in labor expenses. This resulted in an increase for the quarter in both operating profit and operating profit as a percentage of sales. For the month of September, October and November 2014, same-restaurant sales was up by 2.9%, 5.2% and 6.8%.

LongHorn Steakhouse Reports Earnings Results for the Second Quarter Ended November 25, 2012

LongHorn Steakhouse reported earnings results for the second quarter ended November 25, 2012. For the quarter, the company's sales of $275 million were 7.8% higher than the prior year, driven by revenue from 32 net new restaurants offset by a U.S. same-restaurant sales decrease of 0.8%. On a percentage of sales basis, higher food and beverage expenses, restaurant labor expenses, restaurant expenses and depreciation expense resulted in a decline for the quarter in both operating profit and operating profit as a percentage of sales.

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