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Financing

Olive Garden's parent is preparing for a slowing economy

 By Joe Guszkowski on Jun. 22, 2023

Stagnant spending will keep a lid on growth at Darden Restaurants over the next 12 months, but it still expects to outpace the industry.

Operations

With IPO capital in hand, Cava looks onward to growth

 By Lisa Jennings on Jun. 15, 2023

The 263-unit Mediterranean chain plans to reach 1,000 locations across the U.S. by 2032 and sees an opportunity to grow sales with new formats, catering and building loyalty.

Operations

Cava raises $318M in its IPO

By Lisa Jennings on Jun. 14, 2023

On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.

Operations

All Sweetgreen units will be automated within five years, CEO predicts

By Lisa Jennings on Jun. 07, 2023

And in other fast-casual highlights from investor conferences: Portillo's is killing it in the Sun Belt, and Potbelly is carrying momentum into 2Q.

Financing

Cava aims for $2.1B valuation with IPO

By Lisa Jennings on Jun. 05, 2023

The Washington, D.C.-based chain priced its shares between $17 and $19, which would raise more than $274 million.

Financing

Red Robin's revamp takes a bite out of wait times

By Joe Guszkowski on May 24, 2023

Just 2% of guests now report waiting more than 15 minutes for a table, an 8-point improvement from a year ago.

Operations

Panera Brands to restructure leadership in prep for IPO

By Lisa Jennings on May 23, 2023

The timing of the potential public offering remains unclear, but the group that includes Panera Bread, Einstein Bros. and Caribou Coffee remains on track to go public again.

Financing

It's official: Cava goes public with IPO plans

By Lisa Jennings on May 19, 2023

The fast-growing Mediterranean fast casual had previously filed confidential plans, but now the financial disclosures are public.

Financing

Longer hours and open dining rooms boost Jack in the Box sales

By Jonathan Maze on May 17, 2023

The burger chain’s same-store sales increased 9.8% last quarter as its dining rooms reopened and late-night business returned to normal.

Financing

It could be a while before McDonald's makes its Krispy Kreme test national

By Jonathan Maze on May 12, 2023

Early reports suggest the burger chain’s test of the sale of the doughnuts has been going well. But Krispy Kreme doesn’t have the capacity to serve the entire brand.

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