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Financing

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

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.

Financing

Surprise, surprise: California kept its full-service restaurants in the dark for months

By Peter Romeo on May 08, 2024

Reality Check: The state attorney general had refused to clarify the scope of the state's pending anti-junk-fee law. It's one more smack in the face to the trade.

Financing

Applebee's bets more discounts will reverse sales declines

By Joe Guszkowski on May 08, 2024

The casual-dining chain lost business from lower-income guests but believes promotions like $1 margaritas will bring them back.

Financing

Layoffs and sales declines hit Noodles & Co. last quarter

By Lisa Jennings on May 08, 2024

But CEO Drew Madsen sees signs of a turnaround, as sales and traffic turned positive in April while the chain works on menu and operations improvements.

Financing

Franchisors who want faster remodels should reach into their pocketbooks

By Jonathan Maze on May 07, 2024

The Bottom Line: Burger King is spending $550 million to get more of its restaurants remodeled, not counting its own upgraded restaurants. More brands should do this.

Financing

Foxtrot Market’s assets to be sold in foreclosure sale

By Heather Lalley on May 07, 2024

The sale, scheduled for Friday, includes all inventory, intellectual property, equipment and more from the urban convenience store-restaurant hybrid, which closed suddenly last month.

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