Del Frisco's Challenges
Del Frisco's Restaurant Group reports that its Phoenix location was still experiencing “ongoing sales challenges” as of Q3, CEO Mark Mednansky (here with DC's Double Eagle Steak House GM Ann Thibert), told investors this past week. Del Frisco's Grille opened at Camelback Esplanade in 2012. Since then, Camelback has seen a surge in high-end restaurant growth.
Despite these challenges, Mark says the firm is poised to open “six to eight restaurants” across the country, including in Cherry Creek, Colo; Plano, Texas; and Little Rock. “The affluent customer is confident, healthy and clearly seeking out our next generation dining experience. The majority of Grille restaurants open to exceptionally strong sales, above what we have initially modeled,” Mark states.
