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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

What is the future of Red Lobster?

 By Jonathan Maze on Jun. 05, 2024

A Deeper Dive: This week’s episode of the Restaurant Business podcast features Victor Fernandez, VP of insights and knowledge for GuestXM, to talk about full-service restaurants.

Financing

If you think the operating environment is bad here, try China

 By Jonathan Maze on Jun. 05, 2024

Several restaurant chains, notably Starbucks, are navigating weak spending and increasing competition in the fast-growing market. But they remain bullish on its future.

Financing

Social media giveth and social media taketh away

By Jonathan Maze on Jun. 04, 2024

The Bottom Line: McDonald’s, Starbucks and Chipotle, chains that have historically benefitted from social media love, are learning the hard way that it can have the opposite effect. Brands should take heed.

Financing

Blaze Pizza is moving its headquarters to Atlanta

By Jonathan Maze on Jun. 04, 2024

The fast-casual pizza chain, which was “born” in California more than a decade ago, believes the cross-country move will further growth.

Financing

Welcome to the latest restaurant recession

By Jonathan Maze on Jun. 03, 2024

The Bottom Line: Bankruptcy filings, closures, strategic alternatives and a sudden value messaging all suggest the industry is in a tough spot. But many brands are still thriving.

Financing

Check out the 2024 Technomic Top 500 ranking of the largest restaurant chains

By Jonathan Maze on Jun. 03, 2024

From the editor: This year’s ranking of the largest U.S. restaurant chains by system sales reveals winners and losers and a few warning signs. Here’s an early look at RB’s coverage of the report.

Financing

Rubio's closes 48 restaurants in California

By Jonathan Maze on Jun. 02, 2024

The fast-casual taco chain, which declared bankruptcy in 2020, cited the state’s operating environment for the restaurant closures.

Financing

This isn't your father's fast-food business

By Jonathan Maze on May 31, 2024

Rather than try to cater to everybody, quick-service restaurant chains are increasingly specializing based on menu and service style. The result is a crop of innovative chains serving drive-thru salads or just chicken fingers.

Financing

Red Lobster could close more than 100 additional restaurants if it can't renegotiate leases

By Joe Guszkowski on May 31, 2024

The 570-unit seafood chain already closed nearly 100 locations before filing for bankruptcy in May. But it may have to close others if it can't get better terms on lease payments.

Financing

CEO pay soared last year, despite a volatile period for restaurants

By Jonathan Maze on May 31, 2024

Pay for CEOs at publicly traded restaurants took off last year, but remains lower than average among public companies, even as tenure for the position remains volatile.

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