finance

Operations

How Dave's Hot Chicken is harnessing a rabid fan base

Top 500: It was one of the fastest growing fast-casual chains in 2023 and sales nearly doubled. But is the hot chicken chain growing too fast?

Emerging Brands

Cracker Barrel slows development of Maple Street Biscuit Co.

Resources and management's attention will be focused on a rejuvenation of the company's namesake brand, whose traffic is down 20% year to date, executives told Wall Street Thursday.

The whole business securitization Roark Capital is using to finance its acquisition of the sandwich giant is reportedly the largest on record.

A law enacted this week bans hidden fees but allows restaurants to continue levying surcharges if customers get a heads-up and the money goes to employees.

The Bottom Line: The role a giant sale-leaseback had in the bankruptcy filing of the seafood chain has drawn more criticism of the investment firms' financial engineering. The criticism is well-earned.

The multi-concept restaurant operator said it would also like its Smokey Bones barbecue concept to become a public company.

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

As the first location of the eatertainment concept prepares to open this week, this veteran of the segment is looking to grow his multi-brand portfolio under the umbrella Joy Trade. He's on the hunt for acquisitions.

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Reality Check: The first three months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.

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