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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

A preview of this year's National Restaurant Association Show

By Jonathan Maze on May 07, 2024

A Deeper Dive: Tom Cindric, president of exhibitions for Informa Connect Foodservice, joins a special episode of the podcast to talk about the upcoming event.

Financing

Why social media, and not price, is behind Starbucks' sales problems

By Jonathan Maze on May 07, 2024

The Bottom Line: The coffee shop chain lost momentum quickly in November. That was too fast to be explained by consumer reaction over the prices of its beverages.

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.

Financing

Dutch Bros sales and profits took off last quarter

By Jonathan Maze on May 07, 2024

Same-store sales increased 10% in the company’s first quarter as boba, protein coffee and more awareness drove traffic to its shops.

Financing

Outback Steakhouse parent considers selling its restaurants in Brazil

By Joe Guszkowski on May 07, 2024

Refranchising is also on the table for Bloomin' Brands' nearly 200 locations in the country, where Outback is very popular.

Financing

First Watch's traffic slides in Q1, but don't expect price-off specials to follow

By Peter Romeo on May 07, 2024

Management at the daytime dining chain said it will focus instead on bringing back strong customer lures from the past.

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