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Restaurant Business Daily

A true business intelligence tool helping operators become more efficient and profitable, Restaurant Business Daily eNewsletter gives restaurateurs tips and tools from RestaurantBusinessOnline.com's most recent postings and from around the web.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

 By Jonathan Maze on May 10, 2024

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Investors regain their taste for Sweetgreen

 By Jonathan Maze on May 10, 2024

The Bottom Line: The salad chain’s stock rose 34% on Friday after sales and profitability were better than expected. The company’s shares are above its IPO price for the first time in two years.

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.

Operations

Playing the reservation game

By Nancy Kruse and Lisa Jennings on May 10, 2024

Nancy Kruse and Lisa Jennings discuss restaurant reservation scalpers, cancellation fees and what to do when you can't get into the hottest concept in town.

Technology

McDonald's is making a massive investment in digital marketing

By Jonathan Maze on May 09, 2024

The fast-food giant is shifting spending to digital marketing and plans to invest “hundreds of millions” into digital innovation, including new ordering channels, personalization and loyalty.

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.

Operations

Sweetgreen inches closer to profitability

By Lisa Jennings on May 09, 2024

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

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.

Beverage

Despite Panera's Charged Lemonade failure, energy drinks are coming to more restaurants

By Jonathan Maze on May 08, 2024

Starbucks is preparing its own energy drinks, following Dunkin’, as chains like Dutch Bros—and convenience stores—find success with the beverages.

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.

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