Continue to Site >>>

Peter Romeo

Editor at Large

Articles by
Peter Romeo

Page 89
Operations

BJ's Restaurants feels the pinch of lost draft sales

The casual chain reserved $1.8 million from its second-quarter earnings to cover the cost of throwing away unsold suds.

Workforce

White House offers to pick up some family leave charges

Restaurants and other small businesses would be reimbursed for paying workers who need time off to have their families vaccinated.

Financing

Texas Roadhouse sales soar as dine-in sales recover

Same-store sales in July rose 25.5% over 2019, but management warned investors that margins are still under pressure because of labor and commodity inflation.

Workforce

BK franchisee is hit with $559,000 charge for failing to provide sick-leave pay

The fines and back pay extend back to the first day Chicago's law went into effect. The penalty is the largest ever assessed for violations of the city's labor laws.

Workforce

Much-criticized old definition of 'joint employer' is officially back

Reverting back to a looser standard is likely to expose more franchisors to litigation arising from franchisees' labor practices.

Financing

Many restaurants already pay $15 an hour

A survey of operators found nearly 30% already pay $15 an hour, but most are skeptical that the business can function at that pay level.

Leadership

Friendly’s new parent names Roberto De Angelis chief experiential officer

The P.F. Chang’s veteran will also be involved with a number of smaller affiliated restaurant brands, including Red Mango, Smoothie Factory and Souper Salad.

Financing

SBA creates an easier way for PPP borrowers to see if loans are forgiven

The streamlined web portal, which goes live on Aug. 4, is limited to borrowers of $150,000 or less.

Financing

Cheesecake Factory plans to overhaul its marketing capabilities

The polished casual chain will invest in new database technology and the development of an "on-brand" loyalty program. Messaging will focus on raising awareness of the brand.

Workforce

Where restaurants see a margin squeeze, workers find financial hope

Realistic or not, a $15 wage holds the promise of a better life for restaurant employees.

Financing

Sales rebound puts Cheesecake Factory on route to $12M AUV

Staffing challenges aren't hampering sales, which are running 10% over pre-pandemic levels.

Operations

CDC advises restaurant guests in high-risk areas to put masks back on

Its recommendation applies to the vaccinated as well as those who've opted not to be inoculated.

  • Page 89