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Fast_Casual

Leadership

Jersey Mike's Peter Cancro is named RB's 2024 Restaurant Leader of the Year

 By Peter Romeo on Apr. 12, 2024

The CEO was chosen by the editorial staff of Restaurant Business in recognition of the success and give-back culture the Jersey native has made constants for the high-flying chain.

Technology

Panera Bread's digital outage reportedly blamed on ransomware attack

 By Lisa Jennings on Apr. 05, 2024

Cybersecurity site BleepingComputer.com said the company's virtual machines were encrypted by cyber attackers, resulting in the three-day outage. The report cites unnamed sources and internal emails.

Financing

How Wingstop fixed its chicken wing cost problem

By Jonathan Maze on Apr. 03, 2024

A Deeper Dive: Michael Skipworth, CEO of the chicken chain, joins the Restaurant Business podcast to discuss wings, chicken sandwiches and technology.

Financing

Podcast transcript: Wingstop CEO Michael Skipworth

By Jonathan Maze on Apr. 03, 2024

A Deeper Dive: The chief executive of the fast-casual chicken wing chain talks about how his restaurant chain solved the wing cost problem, how chicken sandwiches transformed the business, and the prospects for going 100% digital.

Financing

California cites I Heart Mac and Cheese for franchise violations

By Jonathan Maze on Mar. 29, 2024

The state said that the fast-casual restaurant chain of customizable macaroni and cheese bowls failed to provide proper disclosures on its franchise documents. It’s the second state to take action against the business.

Food

Panera decides its DNA is really soups, sandwiches and salads

By Peter Romeo on Mar. 28, 2024

The bakery-cafe chain is rolling out a new menu that plays up core menu lines rather than searching for a new breakthrough menu category.

Financing

Restaurants lost customers and sales at the end of last year

By Jonathan Maze on Mar. 22, 2024

Same-store sales at restaurants slowed markedly in the second half of 2023. But for all the concern about fast-food brands like McDonald's, it was casual-dining restaurants that had the biggest problem.

Leadership

Shake Shack names Rob Lynch CEO

By Jonathan Maze on Mar. 21, 2024

The fast-casual burger chain is plucking the Papa Johns chief executive to take over for Randy Garutti in May. Ravi Thanawala will become the pizza chain’s interim CEO.

Financing

Chipotle announces a 50-for-1 stock split

By Jonathan Maze on Mar. 19, 2024

The fast-casual Mexican restaurant chain is also giving general managers and longtime employees a one-time equity grant. The stock split, the company's first in its history, will take place in June.

Financing

Inside the turnaround at Corner Bakery

By Jonathan Maze on Mar. 15, 2024

The fast-casual brand was in freefall before it filed for bankruptcy last year. But improved operations and marketing, and a lot of hard work, have helped the chain turn the corner.

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