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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Feds charge McDonald’s and its former CEO over his 2019 termination

 By Jonathan Maze on Jan. 09, 2023

The SEC said Steve Easterbrook made false statements regarding the nature of his firing and charged McDonald’s over public disclosure violations. Easterbrook was fined $400,000. The burger giant escaped financial penalties due to its cooperation.

Financing

Red Robin to invest in new grills as part of turnaround effort

 By Joe Guszkowski on Jan. 09, 2023

The flat-top grills are expected to improve the chain’s burgers. They’re part of a five-point “north star” developed by new CEO G.J. Hart.

Financing

McDonald’s will evaluate staffing as part of an organizational restructuring

By Jonathan Maze on Jan. 06, 2023

Saying the company “cannot stand still” despite recent success, CEO Chris Kempczinski announced broad changes that will require some “difficult discussions and decisions.”

Financing

Why the next year will be huge for Burger King’s future

By Jonathan Maze on Jan. 06, 2023

The Bottom Line: The bankruptcy of TOMS King Holdings may be the first domino in a substantial change in the burger chain’s franchisee base as it looks to turn itself around.

Financing

A big Burger King franchisee declares bankruptcy

By Jonathan Maze on Jan. 05, 2023

TOMS King Holdings, which operates 90 locations in Illinois, Ohio, Pennsylvania and Virginia, blamed the pandemic for hurting traffic and inflation for draining cash flow.

Financing

How Dave’s Hot Chicken became the next big thing

By Jonathan Maze on Jan. 05, 2023

A Deeper Dive: CEO Bill Phelps and cofounder Arman Oganesyan joined the podcast to tell the story behind the fast casual brand, the country’s quickest-growing restaurant chain.

Financing

Wawa is outperforming fast-food restaurants

By Jonathan Maze on Jan. 04, 2023

The Bottom Line: Consumers’ shift to value could be turning them onto convenience stores, and the Pennsylvania-based concept is apparently leading the way.

Financing

Consumers resolve to tighten their belts in 2023

By Lori Rakoczy on Jan. 04, 2023

Technomic's Take: Diners' new year's resolutions include cutting back and eating healthier. How should restaurants respond?

Financing

16 Handles acquires a cookie dough brand

By Jonathan Maze on Jan. 03, 2023

DŌ Cookie Dough Confections, which makes cookie dough for baking and eating raw, is already being sold out of the frozen yogurt chain’s New York locations.

Financing

In a tough year for stocks, investors bet on big chains

By Jonathan Maze on Jan. 03, 2023

The Bottom Line: The largest chains fared best in a tumultuous 2022 on Wall Street as recession fears and inflation led investors to flee for safety.

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