Restaurant Business Daily

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Financing

Tim Hortons struggles while Popeyes surges

The chains, both owned by Restaurant Brands International, demonstrate divergent consumer and market shifts during the pandemic, says RB’s The Bottom Line.

Financing

Domino’s names Stu Levy CFO

The supply chain executive will be promoted to take over for Jeff Lawrence.

The pizza chain’s same-store sales were up a record 28% in North America in 2Q and accelerated in July, prompting the company to focus on growth.

Restaurant Brands International is working with operators of its brands, including Popeyes and Tim Hortons, to close underperforming restaurants.

The drive-thru restaurant chain has improving sales and wants to expand, says RB’s The Bottom Line. It just has to restructure that debt first.

The chain’s same-store sales rose 8.2% during the month, and the company is now planning to spend big to market the daypart later this year.

This week’s episode of the RB podcast “A Deeper Dive” features Keith Guilbault, the CEO of Qdoba, talking about the chain’s life as a stand-alone company.

Benchmarks suggest continued gradual improvement in industry sales, with fast food leading the way. But concerns remain.

With leases due, more chains like California Pizza Kitchen could end up filing even as sales increase, says RB’s The Bottom Line.

The coffee giant is banking on a new store strategy, its growing loyalty program and plant-based food to recover sales lost due to COVID-19.

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