Shari’s Restaurants Improves Performance throughout 2018
Portland, OR (RestaurantNews.com) Great things are happening at Shari’s Restaurants these days. In addition to exciting improvements planned for this fall in restaurant remodels, services, a revamped menu, and branding, the Pacific Northwest family dining favorite is also seeing positive growth as a result of its 2018 financial performance
As hints of the upcoming changes in Shari’s Restaurants circulate, the 40-year old iconic brand has rebounded significantly. Year over year sales increases in 2018 has enabled Shari’s to earn the top spot in competitive rankings over other family dining restaurants regionally in the Pacific Northwest and even nationally throughout the U.S.
According to Knapp-Track, for the first and second quarter of 2018, Shari’s posted the highest (comp) same-store sales growth while achieving positive guest counts for four consecutive months in the Pacific Northwest and for two consecutive months in the US. While other family dining competitors experienced lesser sales results, with some brands even experiencing slight downturns, Shari’s uptick in sales signals that the initial changes begun over the last twelve months in branding, advertising, service, and menu offerings are starting to yield positive results.
Shari’s CEO, Sam Borgese, stated that “Shari’s impressive growth for the last two quarters is attributable to the teamwork of every one of our 3,500 employees who, over the past year, have been dedicated to regaining Shari’s long-held position as the number one family dining brand in the Pacific Northwest. The added accomplishment of outperforming our larger and more formidable national competitors is also testament to our team’s commitment to deliver superior service and great food at an obvious value to the guest within the communities we serve.”
With these results in mind, Borgese stated, “We are looking forward to continuing our recent success as we share our exciting restaurant remodel and design plans this fall with both our loyal guests as well as our potential new guests. Our goal is to not only heighten our guests’ experiences at Shari’s, but to also integrate some of our new “Northwest Fresh” menu items that will complement our traditional comfort food favorites. And, as always, we will continue to have our award-winning pies on hand for those suffering from a stubborn sweet tooth.” For more information about Shari’s, please visit: https://sharis.com.
About Shari’s Restaurants
Shari’s began in Hermiston, Oregon in 1978 with Ron and Sharon Bergquist as proprietors. By 1999, Shari’s Restaurants had grown to be the ninth largest family restaurant chain in the United States in total sales and sixth in growth. Since that time, Shari’s has continued its growth under the recent reins of CapitalSpring which acquired the enterprise in 2016. Currently, Shari’s continues to enjoy a fine reputation in family dining in 93 locations throughout the Northwest U.S. Shari’s welcomes guests of all ages to enjoy locally-sourced ingredients served in deliciously-prepared meals specially created for those who crave comfort food and scrumptious pies. Visit Shari’s at https://www.sharis.com to order online or to find a Shari’s location near you.
About CapitalSpring, Majority Owner of Shari’s Restaurants
Founded in 2005, CapitalSpring is a private investment firm focused exclusively on the restaurant industry. The Firm currently manages assets of approximately $1.3 billion and has completed investments in over 50 different restaurant brands and more than 4,000 restaurant locations. CapitalSpring focuses on supporting proven restaurant operators with a range of structured credit and private equity solutions and has offices in Nashville, LosAngeles, Atlanta, and NewYork. For more information about CapitalSpring, please visit www.capitalspring.com.
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