earnings

Leadership

Pizza Inn parent Rave Restaurant Group upgrades leadership team

The Dallas-based pizza restaurant operator, which also owns Pie Five, has six new executives in place in preparation for planned expansion.

Financing

Restaurants lost customers and sales at the end of last year

Same-store sales at restaurants slowed markedly in the second half of 2023. But for all the concern about fast-food brands like McDonald's, it was casual-dining restaurants that had the biggest problem.

Guests earning less than $75,000 are visiting the casual-dining chain much less than last year, parent Darden Restaurants said Thursday.

The Bottom Line: Wingstop, Burger King franchisees and robots were the big winners. But maybe count out dynamic pricing for a while.

The sandwich chain said its fast-growing digital business is shifting customers away from third-party channels, with loyalty membership growing nearly 90% during the fourth quarter.

The California fast-food wage coming next month will force the chain to increase prices, but also look for ways to cut costs across operations.

The owner of Twin Peaks, Fazoli’s and a bunch of other fast-food chains is on the lookout for other concepts, but it won’t pay too much for them.

But the multi-tier Sweetpass subscription program is not showing results. CEO Jonathan Neman says it needs to be simpler.

The company is shifting spending from local marketing to national marketing and has plans for “major food innovation” come April.

The chain has earmarked $3 million to remind customers of the more than 30 bottomless options on its menu.

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