Heather Lalley

Managing editor

Articles by
Heather Lalley

Page 29
Financing

Chicken prices are causing headaches for Wingstop

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

Food

Chipotle picks up its menu innovation pace with a new chicken recipe

The fast casual is testing chili-spiced Pollo Asado alongside its traditional chicken offering at 95 restaurants in Cincinnati and Sacramento.

The Italian fast-casual chain, with its private equity owner, decided to look for a buyer in April before striking a deal with the owner of Johnny Rockets this week, its CEO said.

Bitticks previously spent seven years in operations with Blaze Pizza.

The fast casual said its average hourly pay will now be $14, a 15% increase for most employees, as it continues a major hiring push.

The fast-casual chain released its first impact report Thursday, noting that both management turnover and hourly employee turnover have decreased.

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

The fast casual, which submitted its go-public plans this week, said it is having trouble getting workers to submit proof of vaccination, which could lead to layoffs, staffing shortages and potential restaurant closures.

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.

The fast casual is giving away $1 million in free burritos on the gaming platform and is giving out branded Halloween costumes for players’ avatars.

NRD Capital on Tuesday announced the formation of a platform company called Experiential Brands, headed by Fuzzy’s CEO Paul Damico.

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

  • Page 29