Financing
Chipotle's status on Wall Street takes a massive hit
The Bottom Line: In this edition of the weekly restaurant finance newsletter, we look at the slumping earnings and stock price from the once-unbeatable Chipotle.
Operations
Mobile app offers help Shake Shack shake off a weak economy
Challenging times are when great companies get better and steal market share, said CEO Rob Lynch. Coming soon to the fast-casual chain: "Crackable shakes" and improved fries.
London-based Farmer J is bringing its anti-slop-bowl concept to New York City in mid-December, targeting health-conscious young professionals with its signature Fieldtray—essentially a meat-and-two-sides served on compartmentalized trays that separate dishes like old-school cafeteria service. Founded by Jonathan Recanati and his wife Ali in 2014, the fast-casual Mediterranean concept operates 15 UK locations and has raised $23 million for U.S. expansion, positioning itself as an alternative to the customizable bowl craze dominating NYC's fast-casual dining scene.
Lemonade restaurant chain is shuttering all locations as part of a transition to ghost kitchen operations under sister brand Mimi's Bistro Bakery, according to report. The fast-casual concept, which once operated 23 locations primarily in Southern California, now has only one Irvine location listed as open for walk-in business, with others offering catering services only.