World's Pricing Science Leader to Engage in Famous Dave's Growth Strategy
MINNEAPOLIS, Dec. 19, 2012 (GLOBE NEWSWIRE) -- A new pricing strategy is on the menu for Famous Dave's (Famous Dave's) (DAVE). The company will engage the world's leading restaurant analytics consultancy, Revenue Management Solutions (RMS), for all pricing and menu optimization work. "Menu optimization is a critical component of our strategy," said John Gilbert, Famous Dave's CEO, "which includes maximizing profits on our current transactions and developing a pricing model that encourages repeat visits."
RMS is known within the restaurant industry to have been the consultancy behind pricing at the world's largest restaurant companies. The company whose client list includes 33 brands in 34 countries delivers impressive results, with a goal of driving, at minimum, 1% of sales to the bottom line.
"We have substantial opportunities in front of us," said Gilbert. "RMS leads the industry in the science of menu strategy it's amazing stuff, RMS actually uses consumer demand to gauge the effectiveness of pricing and menu decisions and the impact this work presents to our financial position is significant."
ABOUT FAMOUS DAVE'S:
Famous Dave's of America, Inc. develops, owns, operates and franchises barbeque restaurants. The company owns 54 locations and franchises 135 additional units in 33 states and 1 Canadian province. The menu features award-winning barbequed and grilled meats, a large selection of salads, side items and sandwiches and unique desserts. Famous Dave's has won over 646 awards for everything from best ribs to best Bar-B-Que sauce to best cookbook. For more information, please visit www.famousdaves.com .
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CONTACT: MEDIA CONTACT: Gretchen Anthony Famous Dave's of America 952-294-1300 email@example.com
Source: Famous Dave's of America 2012 GlobeNewswire, Inc.