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Fast_Casual

Financing

For Sweetgreen, margins remain a big hurdle

The fast-casual, in its first earnings report as a public company, said it expects its first-quarter restaurant-level margins to be between 10% and 11% despite growing sales.

Financing

A small quesadilla chain gets an investment from Mooyah’s owner

Investor Anand Gala and his Gala Capital Partners have taken a minority stake in seven-unit fast-casual concept Dillas Quesadillas to help it become a franchisor.

The cold-pressed juice chain is partnering with independent coffee shops to sell its products and has seen strong sales results.

The new restaurant support center, which took two years to build, will house 400 employees across a range of departments and will help the fast casual achieve its lofty growth goals, it said.

Lee Evans joins the fast casual after holding financial posts at Rock Bottom, Raising Cane’s and more.

The fast-casual Italian beef and hot dog chain’s CEO said the newest prototype just might be “something very, very special.”

The combined impacts of the delta and omicron surges cost the fast casual $8 million in estimated revenue from temporary closures and reduced hours during the fourth quarter.

The gourmet hot dog concept was an early entrant in virtual brands and ghost kitchens. More than two years in, the fast casual has figured out some digital tricks but isn’t giving up on dine-in.

Ferguson started the 17-unit chain in 2012. The company called him “a champion of others, a mentor, and a devoted husband and father.”

The bowls, sandwiches, salads and baked goods are designed for grab-and-go, but 60% of the business is dine-in.

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