I am not that pleased. GC SS down despite: good weather and a 3.3% price increase and TV advertising. At some point the sister-store explanation loses credibility. Can anyone provide first hand experiences on the stores: appearance, cleanliness, waits for food, presentation appeal, quality? Incidentally, for TENT (pub types with strong emphasis on liquor sales), they figure it takes 4 years to get back to 1st year sales for new restaurants, but I don't think that is characteristic of restaurants concentrating on food.
Valid point on Golden C - Big Boy is really pulling the train. The sister store execuse might be good for about 0.5% to 1% SSS decline, so Golden C is underperforming (and it pretty much has from the get go). I am glad that they are 2/3 into the expansion. i think the Golden Cs are adding minimal value (maye even subtract a tad). The good thing is that once the Golden C expansion is done, the cash will be flowing -- BIGTIME!
It is also possible that having both chains in an area lowers overhead costs, so Golden C might not be that big a drag.