The company plans to open 32 to 34 LongHorn restaurants and fourCapital Grille restaurants during the fiscal year. Some 80% of thenew units will be "back fill" in existing markets.
"We have made significant progress on the strategic initiativesannounced in 2006," said Philip J. Hickey, Jr., chairman and CEO ofRARE. "The competitive environment in 2007 will continue to bechallenging."
Last year, the company opened 30 LongHorn restaurants and closedtwo, ending with a total of 265 units. The Capital Grille completedfiscal 2006 with 26 restaurants in operation, compared with 23 atthe end of fiscal 2005.
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