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finance

Leadership

Cracker Barrel names Craig Pommells as CFO

 By Joe Guszkowski on Nov. 08, 2021

Pommells was formerly CFO of Red Lobster and also spent more than a decade at Darden. He is the permanent replacement for retired CFO Jill Golder.

Emerging Brands

Starbird Chicken gets a $12M investment to fuel its growth

 By Heather Lalley on Nov. 08, 2021

The tech-enabled fast casual, which has nine locations, nabbed a $4 million cash infusion less than a year ago from industry veteran Greg Dollarhyde.

Financing

Shake Shack is almost getting back to 2019 growth

By Heather Lalley on Nov. 04, 2021

The fast casual’s same-store sales remained down significantly over 2019, but have improved in October, with suburban restaurants soaring above all others.

Technology

What’s driving the restaurant tech M&A wave?

By Joe Guszkowski on Nov. 04, 2021

Suppliers flush with cash are using it to consolidate, often with the goal of offering restaurants more complete systems.

Financing

Denny's is upgrading its kitchens chainwide

By Joe Guszkowski on Nov. 03, 2021

New ovens and other equipment will improve efficiency and food and allow the diner chain to do more at dinner.

Financing

Chicken prices are causing headaches for Wingstop

By Heather Lalley on Nov. 03, 2021

The fast casual’s food costs are soaring and it is looking for ways to assert more control over its supply chain.

Financing

Bloomin’s sturdy margins face a test in 2022

By Joe Guszkowski on Nov. 02, 2021

The Outback Steakhouse parent is raising prices for the first time in two years as it prepares for food and labor inflation.

Financing

Construction delays slow new restaurant openings for Noodles & Company

By Heather Lalley on Oct. 28, 2021

The slowdown comes as the fast casual posted record average unit volumes and 16.3% same-store sales growth for its third quarter.

Financing

Fast casual Dig gets a $65M investment

By Heather Lalley on Oct. 27, 2021

The funding round, which includes support from a Danny Meyer-backed fund and others, will help the pandemic-battered 30-unit chain reopen temporarily closed restaurants and double its store count over the next three years.

Technology

Sweetgreen is pushing for a high-tech future

By Heather Lalley on Oct. 26, 2021

The fast-casual chain, which filed to go public this week, is focused on boosting digital orders and adding tech enhancements to its restaurants.

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