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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

TGI Fridays sells licensing rights to Kraft Heinz to pay off debt, report says

 By Joe Guszkowski on May 03, 2024

The deal gives Kraft Heinz the right to use Fridays’ brand name on retail products in perpetuity.

Financing

Restaurant job growth appears to be slowing

 By Jonathan Maze on May 03, 2024

The restaurant industry added 6,600 jobs in April, according to new federal data, continuing a pattern of slower overall job growth.

Financing

Earnings roundup: Fatburger, El Pollo Loco and Pizza Inn

By Jonathan Maze, Heather Lalley and Lisa Jennings on May 03, 2024

Fat Brands has some trouble with the weather; strong results from El Pollo Loco and Rave Restaurant Group wants some remodels.

Financing

As it is sold, Clean Juice struggles with supply issues

By Jonathan Maze on May 03, 2024

Operators have closed or rebranded nearly half of the chain’s locations over the past year and a half. And then as the chain was sold last week, franchisees were told the company lost its distribution contract.

Financing

Wendy's hopes better store profitability will yield new unit growth

By Jonathan Maze on May 02, 2024

The fast-food burger chain wants to build more restaurants. To speed growth and fulfill the chain's potential, it needs to generate more sales and restaurant profits.

Financing

Shake Shack steps up marketing to keep customers from fleeing to cheaper options

By Lisa Jennings on May 02, 2024

In the last earnings call for outgoing CEO Randy Garutti, the fast-casual chain said traffic was down 2.1% in the first quarter, though trends were improving into Q2.

Financing

Restaurant tech firm InKind acquires Etta Collective out of bankruptcy

By Lisa Jennings on May 01, 2024

The two-unit Etta Collective went to the highest bidder for $4 million and InKind CEO Johann Moonesinghe plans to restart growth.

Financing

An in-depth look at a fast-growing c-store chicken concept

By Jonathan Maze on May 01, 2024

A Deeper Dive: Jim Norberg, CEO of Krispy Krunchy Chicken, joins the podcast to talk about the chain’s rapid growth and how it plans a push into marketing and delivery.

Financing

For Starbucks, 2 years of change hasn't yielded promised results

By Jonathan Maze on May 01, 2024

The Bottom Line: The coffee shop giant’s sales struggles worsened earlier this year, despite a flurry of efforts to improve operations and employee satisfaction.

Financing

The odds for keeping delivery fees and large-party gratuities aren't looking good

By Peter Romeo on May 01, 2024

Working Lunch: The Biden administration doesn't get that those aren't true "junk fees."

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