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The chicken wing chain has purchased a building in the Dallas suburb of Addison, Texas.
The fast-casual chain’s acquisition will give it access to the company’s insight into delivery and high-volume production.
Lorne Goldberg, who also owns Pick Up Stix and Mandarin Express, buys another Asian-focused concept.
The Mexican chain is off more than 11% in recent weeks amid tariff threats, putting at least a temporary halt on a strong run this year.
The company won’t add the morning meal “anytime soon,” says CEO Brian Niccol. But it is looking at new dayparts.
The fast-growing pizza chain plans to reach 1,000 locations in five years after an equity injection led by Clayton, Dubilier & Rice.
As delivery sales surge, along with their fees, the company is testing new prices for such orders to improve margins.
But chicken wing prices rose 10% amid high demand and supply issues.
The sandwich chain said weather and a delayed menu revamp hurt sales, sending the stock down nearly 20%.
Though growth slowed last year, they continue to pace the industry, thanks to more units.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow