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Casual Dining

Financing

Applebee's to sell its 69 company-owned restaurants

 By Joe Guszkowski on Aug. 09, 2022

The sale of the locations in North and South Carolina will make the chain 100% franchised for the first time since 2018.

Financing

Applebee’s tweaks its strategy for Cosmic Wings

 By Joe Guszkowski on Aug. 09, 2022

The chain is adding the virtual brand’s items to its in-store menu. It’s also testing a second delivery-only brand in about 100 restaurants.

Financing

Papa Murphy’s owner to acquire Famous Dave’s parent for $200M

By Jonathan Maze on Aug. 09, 2022

MTY Food Group, which also owns Pinkberry and Cold Stone Creamery, among many others, will buy BBQ Holdings for $17.25 per share.

Beverage

First Watch is switching to plant-based straws

By Joe Guszkowski on Aug. 02, 2022

The new straws, called Phade, are designed to biodegrade in water within months compared to the approximately 200 years it takes plastic ones to disappear.

Operations

TGI Fridays to expand use of virtual brands

By Joe Guszkowski on Aug. 02, 2022

The casual-dining chain is deepening its partnership with C3, bringing more of its concepts to more restaurants.

Leadership

Danny Meyer on the challenges all leaders face

By Peter Romeo on Aug. 02, 2022

In an interview conducted two months after the IPO of Shake Shack, a spin-off he serves as chairman, Meyer shared his take on the challenges of transitioning from entrepreneur to corporate chief.

Financing

Bloomin’ Brands continues to lock horns with inflation

By Joe Guszkowski on Jul. 29, 2022

The Outback Steakhouse parent is adding new technology and equipment to make restaurants more productive and will likely raise prices again to ease higher costs for just about everything.

Workforce

Pennsylvania faces a tip-credit change that many servers may not even notice

By Peter Romeo on Jul. 29, 2022

Starting Aug. 5, restaurants can only use the tip credit for servers and bartenders making at least $135 a month in gratuities.

Financing

Texas Roadhouse says customers are getting back to normal

By Joe Guszkowski on Jul. 28, 2022

The chain’s traffic fell slightly in the second quarter, which executives said is typical for summer. The decline came entirely on the to-go side of the business.

Financing

Cheesecake Factory says COVID—not the economy—is messing with sales

By Joe Guszkowski on Jul. 28, 2022

Regional spikes are having an impact on the chain’s top line. Meanwhile, it continues to battle higher costs for food and labor.

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