Fast Casual

Operations

Sweetgreen inches closer to profitability

Despite flat traffic for the first quarter, the fast-casual salad chain raised guidance for the year, citing continuing momentum.

Financing

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

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

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.

The fast-casual chain confirmed the caffeinated drinks will be phased out, but did not specify the timing. The energy drinks have been blamed for two deaths.

In test, the new protein option made up 20% of dinnertime orders, the daypart the fast casual is targeting for growth.

When lower-income diners are feeling budget strain, the fast-casual Portillo's feels it most in the drive-thru. To address that, the restaurant chain is working to get orders through car windows faster.

The fast-casual chain has run out of Steak Stroganoff after selling 110,000 bowls in the first two weeks. But don't worry, the LTO is coming back.

Former Dutch Bros CEO Joth Ricci is among the investors in Burgerville and he joins the company as executive chair. CEO Ed Casey will remain at the helm.

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.

The data breach last month affected Panda Restaurant Group's corporate systems and exposed employees' personal data.

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