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Financing

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

Financing

Earnings roundup: One Group, Topgolf, Potbelly, Chuy's, PFG, Bombshells, Olo, Toast

 By Joe Guszkowski, Peter Romeo and Lisa Jennings on May 10, 2024

A look beyond the most recent results for big restaurant brands shows customers cutting back nearly across the board.

Financing

McDonald’s, looking to boost traffic, considers a $5 value meal

 By Jonathan Maze on May 10, 2024

The fast-food giant, which has shifted its focus to value, wants to entice inflation-weary consumers. But it has yet to get full approval from franchisees concerned about rising costs.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

By Jonathan Maze on May 10, 2024

The SEC is accusing the chairman of Fatburger owner Fat Brands of engineering a $27 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Red Lobster owner expects to sell its share of the chain this year

By Joe Guszkowski on May 09, 2024

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

Financing

Increased marketing spending did not help Papa Johns' sales in April

By Jonathan Maze on May 09, 2024

A softer consumer environment is more than offsetting the pizza chain’s boost in marketing in recent weeks. But profitability improved last quarter.

Financing

How Chip City Cookies plans to use a second round of funding from Danny Meyer's investment arm

By Lisa Jennings on May 08, 2024

The Series B funding brings the Enlightened Hospitality Investments total to $17.5 million, which will help the 38-unit chain compete in the crowded cookie segment.

Financing

California bans most restaurant service fees and other surcharges

By Peter Romeo on May 08, 2024

The prohibition takes effect July 1. Delivery fees would still be allowed, and automatic gratuities tacked onto the tabs of large parties would also be permitted at least initially.

Financing

Craveworthy bought three more brands, this time with an eye for conversion

By Lisa Jennings on May 08, 2024

The platform company this week acquired the brands Taim Mediterranean Kitchen, Hot Chicken Takeover and Sigri Indian BBQ. And more are in the works.

Financing

Who is winning the chicken wars right now

By Jonathan Maze on May 08, 2024

A Deeper Dive: This week’s podcast features a discussion on recent restaurant chain earnings reports, including Wingstop, KFC, Popeyes, Chipotle and Starbucks.

Financing

The International Franchise Association has some ideas for better franchising

By Jonathan Maze on May 08, 2024

The trade group is calling for changes in disclosure rules before people buy a franchise. It comes as federal regulators examine rules for franchise companies.

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