Restaurant Business Magazine - Trends, Ideas and News
WEBThe 55-year-old brand expects to spend its next fiscal year testing what the concept should become to benefit guests, employees and shareholders alike, CEO Julie Masino said. Gas prices are falling. So what does that mean for restaurants? The Bottom Line: The price of gas has been falling much of the year and is below $3 per gallon in some states.
Top 500 Chains - Restaurant Business
WEBThe Top 500 Chain Restaurant Report is a measure of the largest restaurant concepts by U.S. systemwide sales, based on results from the 2019 calendar year. Relevant information is accrued using a combination of public company financial filings, direct operator surveying, franchise disclosure documents and proprietary valuation algorithms.
A brief history of Quiznos’ collapse - Restaurant Business
WEBJun 13, 2018 — On Monday, Quiznos was sold to an investment firm out of San Diego. This has given me time to tell the story of one of the biggest restaurant chain collapses in industry history. Between 2007 and 2017, Quiznos shrunk from 4,700 U.S. locations to fewer than 400. We can find no other example of a …
Cracker Barrel plans to invest $700M in a massive 'transformation'
WEBBy Peter Romeo on May 17, 2024. Cracker Barrel expects to spend as much as $700 million over the next three years to rejuvenate the 54-year-old concept’s operations, menu and perception among hardcore fans and uninitiated consumers alike. The comprehensive update is intended to reverse a drop in guest counts that’s currently running about ...
A third major Burger King franchisee declares bankruptcy
WEBBy Jonathan Maze on Nov. 08, 2023. Premier Kings is the third Burger King franchisee to declare bankruptcy this year. | Photo: Shutterstock. Premier Kings, a 172-unit Burger King franchisee whose owner died in 2022, declared bankruptcy protection, saying that operating losses even after the company closed restaurants forced the issue.
14 years after disappearing, Steak and Ale is set to return
WEBJan 17, 2023 — 14 years after disappearing, Steak and Ale is set to return. For its second act, the casual-dining pioneer will revive many of its signature elements while adding some new tricks. By Joe Guszkowski on Jan. 17, 2023. The new Steak and Ale will have a polished-casual feel. / All photos courtesy of Legendary Restaurant Brands.
McDonald’s CEO Chris Kempczinski got a big raise last year
WEBMar 28, 2022 — McDonald’s strong sales recovery and a healthy stock price performance earned its chief executive a hefty pay increase last year. Chris Kempczinski received a pay package of just over $20 million in 2021, according to new SEC documents filed on Monday. That was nearly double the $10.8 million …
These are the big menu trends to watch in 2024 - Restaurant …
WEBJan 3, 2024 — Pucker up with sour. 2023 was all about sweet heat, powered by the popularity of hot honey. Make way for tamarind—the 2024 Flavor of the Year, designated by McCormick for Chefs in its annual Flavor Forecast. Tamarind is derived from a fruit pod native to Africa, India and the Middle East where it grows on trees.
Over half of restaurants that use DoorDash report revenue, …
WEBAug 29, 2022 — Just over half of restaurants that use DoorDash to handle delivery said the partnership has brought them new customers and incremental revenue, while nearly six in 10 said it has helped increase their overall revenue. That’s according to DoorDash’s latest Economic Impact Report, a study conducted in partnership with Oxford Economics to ...
How Arby's spent two years perfecting its first burger
WEBMay 31, 2022 — Arby’s Wagyu Steakhouse Burger is priced at $5.99, higher than its competitors in the fast-food burger space, but customers appreciate the value, said Schwing, “especially when you compare it to a real steakhouse, where a similar burger can cost $15-$20. The burger has been out for just over …