finance

Financing

Noodles & Company faces possible delisting (again)

The fast-casual chain's stock price has fallen too low and is out of compliance with Nasdaq rules. It's the second time in six months the chain has been warned.

Technology

Coco Robotics raises $80M to scale up autonomous delivery fleet

The funding will allow the tech company to have thousands of delivery robots on the ground in multiple cities by the end of the year.

The former Southwest Airlines executive had been with the casual-dining steakhouse chain for two years. VP of Finance Keith Humpich was named interim CFO.

The median pay package for top executives at publicly traded restaurant chains declined last year, reflecting broader industry challenges and stock weakness. But some CEOs still made out well.

The closures leave the casual-dining breastaurant chain with about 200 U.S. locations as it prepares for a sale to a pair of franchisees.

The fast-casual chain went from parking-lot popup to 10-digit deal in eight years. As the "rock star" in the private-equity firm's deep restaurant portfolio, Dave's executives say they are driving toward a potential IPO.

The casual-dining burger chain more than doubled its earnings before interest, taxes, depreciation and amortization, or EBITDA, in the first quarter. Its stock price doubled as well.

The closures of underperforming stores leave the Caribbean-inspired casual-dining chain with about 30 locations. Darden also closed a few locations in its Seasons 52 and Eddie V’s concepts.

The doughnut chain is being accused of making misleading statements on the sale of doughnuts inside McDonald’s restaurants after its delay caused shares to plunge.

The Bottom Line: Recent moves by Krispy Kreme and Jack in the Box highlight the profit challenges some restaurant chains are having and suggest boards and investors are losing patience.

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