Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Noodles & Company makes a deal with an activist

The fast-casual chain, working its way through sales and profitability challenges, gave a board seat to an activist investor. But that’s not the only activist it has.

Financing

Citing weak industry traffic, Technomic cuts its 2024 restaurant sales forecast

The data firm, a sister company of Restaurant Business, has revised down its sales expectations by 1.5 percentage points. Can a value war bring some of that traffic back?

The Bottom Line: How has the makeup of the Top 500 restaurant chains changed over the past five years? Hint: They're a lot more fast casual, and a lot less full service.

A six-unit operator with locations in Texas and Minnesota closed its locations and filed for Chapter 7 bankruptcy, citing continued losses.

The coffee shop chain in July plans to open its app to everybody, not just Starbucks Rewards members. But it is already promoting its value there as it works to rebuild sales from occasional customers.

Jeff Crivello has been buying up brands like Cowboy Jack's this year. He is now turning to the two struggling fast-casual chains after acquiring their debt, giving him a good chance to buy both.

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.

The fast-casual chain blamed rising costs and the fast-food wage in California as it filed its second Chapter 11 in four years. It plans to use the bankruptcy process to find a buyer.

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

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

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.

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.

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