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Operations

BurgerFi says turnaround is coming later this year

 By Lisa Jennings on Jan. 09, 2024

Comp sales in 4Q were down 9% in preliminary results for the better-burger brand, but CEO Carl Bachmann said the foundation is in place for recovery.

Operations

Denny's inks a 250-unit deal with ghost-kitchen specialist Franklin Junction

 By Peter Romeo on Jan. 09, 2024

The diner chain also announced preliminary sales results for Q4, with comps rising 1.5% at franchised units and sliding 1.2% at corporate stores.

Financing

Why population trends may help, and hurt, restaurants

By Jonathan Maze on Jan. 09, 2024

The Bottom Line: Darden CEO Rick Cardenas told investors this week that demographic trends are shifting in restaurants’ favor. But some demographic trends will be a headwind.

Workforce

The union organizing Starbucks opts to bail from another concept it represents

By Peter Romeo on Jan. 09, 2024

Workers United has filed for regulators' approval to part company with an Ultimo Coffee cafe. The move comes as a majority of the coffee shop's employees take steps to oust the group.

Marketing

How popular diets have rewritten restaurant menus

By Peter Romeo on Jan. 09, 2024

Restaurant Rewind: Chances are the weight-loss schemes currently in vogue won't come close to having the influence one fad had 25 years ago.

Food

Jack in the Box has apparently sold a lot of its new Smashed Jack burgers

By Jonathan Maze on Jan. 09, 2024

The company’s burger has easily outdistanced expectations, to the point that it expects to run out of supplies next week.

Food

Taco Bell welcomes 2024 with new Cravings Value Menu

By Patricia Cobe on Jan. 08, 2024

The menu offers 10 items priced at $3 or less, including several options for vegetarians and flexitarians.

Financing

TGI Friday's closures continue the bar & grill sector's long decline

By Jonathan Maze on Jan. 08, 2024

The Bottom Line: The chain has been struggling in the U.S. for years as domestic consumers shift spending away from traditional bar & grill chains.

Financing

Dutch Bros overhauls management as it plans more aggressive unit growth

By Jonathan Maze on Jan. 08, 2024

The drive-thru beverage chain named a trio of new executive hires under new CEO Christine Barone. It plans continued aggressive growth but is tweaking that strategy to be more thoughtful.

Operations

First Watch agrees to acquire one of its largest franchisees

By Lisa Jennings on Jan. 08, 2024

The chain will pick up 21 restaurants in North Carolina, bringing total franchised location acquisitions since May to 44.

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