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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGolden Corral CEO on the debut of a fast-casual spinoff 'Homeward Kitchen'Lance Trenary, Golden Corral CEO, joins 'The Exchange' to discuss double-digit growth, factoring in inflation into its business model, and the expansion of Homeward Kitchen.
Persons: Lance Trenary, Golden
The buffet got creamed during the pandemic. Even when diners crept back into restaurants covered in hand sanitizer, a model of eating based on shared serving spoons and food seasoned with the breath of strangers seemed like a goner. But the all-you-can-eat buffet, that symbol of America’s love of choice and penchant for excess, will not be denied. From piles of crab legs at swank Las Vegas casinos to pans of fried chicken in small-town Southern restaurants, the buffet is back, baby. But at the most lavish spreads in Las Vegas, where dinner can cost $79.99 before cocktails and tax, reservations remain hard to come by and waits can stretch to more than two hours.
Persons: swank, , Lance Trenary Organizations: Golden, Locations: Southern, Las Vegas
The buffet is back. Thank you, inflation.
  + stars: | 2023-05-08 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +3 min
Diners are looking for a good deal as inflation keeps restaurant prices high. Now, they're becoming destinations again, with society mostly open and inflation forcing consumers to stretch the money that they spend on eating out. Now, with restaurant prices rising fast thanks to inflation, all-you-can-eat buffets are attracting diners looking for a good deal. Golden Corral is one of the buffet chains that survived the pandemic. Some, like the company behind Furr's Fresh Buffet and Old Country Buffet, filed for bankruptcy and permanently closed locations.
The all-you-can-eat buffet line is crowded again
  + stars: | 2023-05-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
The owner of Old Country Buffet and Furr’s Fresh Buffet filed for bankruptcy in 2021. “The higher quality concepts that stuck it out are reaping some rewards, like Golden Corral and Pizza Ranch,” said Jonathan Maze, the editor-in-chief at trade publication Restaurant Business Magazine. “People wanted the buffet back,” Golden Corral CEO Lance Trenary told the trade publication. The company plans to add up to 250 more Golden Corral buffets around the United States over the long run. The median household income of Golden Corral, Cicis and Pizza Ranch customers is below the national average, according to Placer.
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