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News

Financing

Earnings roundup: One Group, Topgolf, Potbelly, Chuy's, PFG, Bombshells, Olo, Toast

 By Joe Guszkowski, Peter Romeo and Lisa Jennings on May 10, 2024

A look beyond the most recent results for big restaurant brands shows customers cutting back nearly across the board.

Technology

Are consumers ordering less delivery? It depends on who you ask

 By Joe Guszkowski on May 09, 2024

Tech Check: There are signs that demand is slowing. But some are finding the convenience too good to quit.

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.

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.

Operations

At age 59, San Francisco's Scoma's restaurant still defers to its elders

By Peter Romeo on May 09, 2024

Restaurant Rewind: The Fisherman's Wharf landmark has adhered to the traditions set by founder Al Scoma without ignoring what today's customers want.

Leadership

Smoothie King gets a new CFO, Portillo's hires its first CMO and other restaurant executive shifts

By Restaurant Business Staff on May 09, 2024

Executive Summary: Gavin Felder is Smoothie King's new chief financial officer and Nick Scarpino was elevated to marketing chief at Portillo's, plus more restaurant executive news of the week.

Financing

Red Lobster owner expects to sell its share of the chain this year

By Joe Guszkowski on May 09, 2024

Thai Union Group is “actively engaged” in negotiations with potential buyers for its stake in the struggling seafood chain.

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.

Food

The Taiwanese wheel cake may just become the next cronut

By Patricia Cobe on May 09, 2024

Behind the Menu: Money Cake opens in New York, tempting pastry fans with the waffle-cream puff hybrid.

Financing

Surprise, surprise: California kept its full-service restaurants in the dark for months

By Peter Romeo on May 08, 2024

Reality Check: The state attorney general had refused to clarify the scope of the state's pending anti-junk-fee law. It's one more smack in the face to the trade.

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