This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: Razzoo’s Cajun Cafe, a 20-unit casual chain located primarily in Texas, filed for Chapter 11 bankruptcy protections on Wednesday, court documents filed with the Southern District of Texas Houston Division show. The concept was founded in 1991 in Dallas and grew to 24 units across Texas, North Carolina and Oklahoma. It closed four underperformin ...

Company Performance - Kroger reported same-store sales growth of 3.4%, more than doubling year-over-year, leading to an increase in full-year guidance and tighter profit expectations [1] - The company achieved an operating profit of $1.09 billion on sales of $33.9 billion, with adjusted Earnings Per Share rising 11% year-over-year to $1.04 [1] Sales Forecast - Kroger now forecasts 'identical sales without fuel' growth between 2.7% and 3.4%, an increase from the previous forecast of 2.25% to 3.25% [2] Consumer Behavior Trends - There has been a disconnect between consumer sentiment surveys and reports from consumer discretionary stocks, with brands performing well despite higher inflation [3] - Recent trends indicate a shift, with more retail and fast food chains reporting mixed results, suggesting consumers are focusing on value and tightening their budgets [4] Grocery Price Trends - The Consumer Price Index (CPI) report indicated a 0.6% month-over-month increase in grocery prices, which is double the pace of food away from home, signaling potential new pressures on grocery prices [4] - Despite grocery prices rising 2.7% year-over-year, they remain cheaper compared to food away from home, which increased by 3.9% [5] Stock Performance - Kroger's stock rose by 0.24% in after-hours trading [6]