SOUTHLAKE, Texas, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Del Frisco's Restaurant Group, Inc. (NASDAQ:DFRG) today announced that it has closed the Del Frisco's Grille in Palm Beach, FL, effective Sunday, November 29. The Company had previously recorded a $3.3 million non-cash impairment charge related to the Palm Beach Del Frisco's Grille and will incur one-time lease termination and closing costs during the fourth quarter.
"Despite our best effort, we were not able to make the Palm Beach Del Frisco's Grille restaurant as successful as other Grille locations," said Mark S. Mednansky, CEO of Del Frisco's Restaurant Group. "We have therefore chosen to take decisive action to close the location so that we can focus on more profitable opportunities. We continue to have complete confidence in the Grille concept and are looking forward to opening new restaurants in carefully selected locations."
About Del Frisco's Restaurant Group, Inc.
Based in Southlake, Texas, near Dallas, Del Frisco's Restaurant Group, Inc. is a collection of 51 restaurants across 22 states and Washington, D.C., including Del Frisco's Double Eagle Steak House, Sullivan's Steakhouse, and Del Frisco's Grille. Del Frisco's Double Eagle Steak House serves up flawless cuisine that's bold and delicious, an extensive award-winning wine list and a level of service that reminds guests that they're the boss. Sullivan's Steakhouse is a great neighborhood place for a big night out on the town - with outstanding food, hand-shaken martinis, an award winning wine list, and live entertainment all under one roof. Del Frisco's Grille is modern, inviting, stylish and fun, taking the classic bar and grill to new heights, and drawing inspiration from bold flavors and market-fresh ingredients.
For further information about our restaurants, to make reservations, or to purchase gift cards, please visit: www.DelFriscos.com, www.SullivansSteakhouse.com, and www.DelFriscosGrille.com. For more information about Del Frisco's Restaurant Group, Inc., please visit www.DFRG.com.
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Source:Del Frisco's Restaurant Group