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Technology

Why some restaurants are glad to see delivery sales dropping

 By Joe Guszkowski on Aug. 23, 2023

For brands like Shake Shack and Red Robin, less delivery has meant more people are ordering in person. They view that as a good thing.

Financing

Starboard Value takes a stake in Bloomin' Brands

 By Joe Guszkowski on Aug. 18, 2023

The activist investor, which once won every seat on the Darden Restaurants' board, now owns nearly 10% of the Outback Steakhouse parent.

Financing

At Red Robin, dine-in thrives while delivery dives

By Joe Guszkowski on Aug. 17, 2023

Price-conscious guests and the loss of MrBeast Burger took a bite out of delivery sales. But the chain is more focused on the dining room, anyway.

Marketing

Chili's bets more TV ads will help traffic

By Joe Guszkowski on Aug. 16, 2023

After a successful return to the airwaves earlier this year, the chain plans to invest up to $60 million in more commercials.

Operations

Cava swings to profit just in time for first earnings report as public company

By Lisa Jennings on Aug. 15, 2023

After its June IPO, the fast-casual chain came out of the gate strong, with second-quarter traffic up more than 10%.

Financing

Restaurant sales clearly decelerated last quarter

By Jonathan Maze on Aug. 14, 2023

The Bottom Line: Earnings reports this period suggest a substantial slowdown in same-store sales among large chains in the second quarter. Are prices to blame? Or is it normalization?

Financing

Why big price hikes aren't on the menu at Gen Korean BBQ

By Jonathan Maze on Aug. 14, 2023

In its first earnings call as a public company, the Korean barbecue concept’s co-CEO said that its value is a strength. It’s also been profitable for most of its history.

Financing

Krispy Kreme ponders expansion amid a successful McDonald's test

By Jonathan Maze on Aug. 10, 2023

Six months after it started selling doughnuts at 160 McDonald’s restaurants in Kentucky, Krispy Kreme said the test is proving to be valuable. But it needs more production capacity.

Operations

Consumers to Noodles & Co.: Your prices were too high

By Lisa Jennings on Aug. 10, 2023

The fast-casual chain pivoted quickly to lower pricing and slow the "sudden and significant" traffic declines. But now Noodles is taking a more comprehensive look at strategies to drive sales.

Financing

For big Burger King franchisee Carrols, 8 months makes a world of difference

By Jonathan Maze on Aug. 10, 2023

The operator’s stock surged again on Thursday, and is the year’s best performing, following “one of the best quarters in the company’s 63-year history.”

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