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Fast_Casual

Financing

In the fast-casual sector, Chipotle laps Panera Bread

 By Jonathan Maze on Apr. 19, 2024

The Bottom Line: The two fast-casual restaurant pioneers have diverged over the past five years, as the burrito chain has thrived while Panera hit a wall. Here's why.

Financing

Tijuana Flats declares bankruptcy and closes restaurants

 By Jonathan Maze on Apr. 19, 2024

The Maitland, Florida-based Tex-Mex chain filed for Chapter 11 bankruptcy protection after closing 40 restaurants this year. It has an agreement to sell the company.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

Higher prices and more locations drove chain restaurant sales last year

By Jonathan Maze on Apr. 16, 2024

Technomic Top 500: Chain restaurants continued to record strong growth last year, but mostly without higher traffic. And there were wide variations in performance throughout the ranking.

Emerging Brands

P.F. Chang's opens a fast-casual Asian bowl concept

By Peter Romeo on Apr. 16, 2024

A Pagoda by P.F. Chang's is operating in a suburban New York shopping mall. It's the chain's third crack at a fast-casual spinoff.

Leadership

The 2024 Pacesetter Award goes to: Cava

By Lisa Jennings on Apr. 14, 2024

The newly public fast-casual chain Cava has carved out a sweet spot with a fresh and healthful Mediterranean menu with broad appeal. The brand was honored at the Restaurant Leadership Conference in Phoenix on Sunday.

Leadership

Jersey Mike's Peter Cancro is named RB's 2024 Restaurant Leader of the Year

By Peter Romeo on Apr. 12, 2024

The CEO was chosen by the editorial staff of Restaurant Business in recognition of the success and give-back culture the Jersey native has made constants for the high-flying chain.

Technology

Panera Bread's digital outage reportedly blamed on ransomware attack

By Lisa Jennings on Apr. 05, 2024

Cybersecurity site BleepingComputer.com said the company's virtual machines were encrypted by cyber attackers, resulting in the three-day outage. The report cites unnamed sources and internal emails.

Financing

How Wingstop fixed its chicken wing cost problem

By Jonathan Maze on Apr. 03, 2024

A Deeper Dive: Michael Skipworth, CEO of the chicken chain, joins the Restaurant Business podcast to discuss wings, chicken sandwiches and technology.

Financing

Podcast transcript: Wingstop CEO Michael Skipworth

By Jonathan Maze on Apr. 03, 2024

A Deeper Dive: The chief executive of the fast-casual chicken wing chain talks about how his restaurant chain solved the wing cost problem, how chicken sandwiches transformed the business, and the prospects for going 100% digital.

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