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News

Technology

Automation tops list of tech to check at this year’s National Restaurant Association Show

 By Joe Guszkowski on May 19, 2022

Robots and AI will have a strong presence in the Tech Pavilion this year as operators look for solutions to labor and other challenges.

Financing

Senate shoots down bill to replenish Restaurant Revitalization Fund

 By Jonathan Maze on May 19, 2022

The bill could not muster enough votes to get past a filibuster despite bipartisan support, effectively killing the legislation.

Financing

A recession is looking a lot more likely

By Jonathan Maze on May 19, 2022

A growing number of analysts and executives expect the economy to slow down or contract as the U.S. Federal Reserve raises rates. Here’s what it means for restaurants.

Leadership

Hawaiian Bros adds Breck Templeton as CFO

By Heather Lalley on May 19, 2022

The fast-growing, 30-unit plate lunch concept said Templeton will focus on fundraising to help the brand grow.

Technology

Wow Bao launches a loyalty program for its virtual brand

By Joe Guszkowski on May 19, 2022

The steamed bun concept says it’s the first virtual brand with its own rewards offering, called Bao Bucks.

Financing

Sweet Chick gets $5M from Chopt’s parent company

By Heather Lalley on May 19, 2022

Founders Table Restaurant Group, which also owns Dos Toros, will help the five-unit chicken-and-waffles concept grow in New York City, Los Angeles and beyond.

Financing

McDonald’s has a deal to sell its Russia restaurants to a licensee

By Jonathan Maze on May 19, 2022

Alexander Govor will acquire the company’s entire portfolio, McDonald's said. He has been an operator with the chain in Siberia since 2015.

Financing

Restaurants’ finances turned south in a hurry

By Jonathan Maze on May 19, 2022

The Bottom Line: Margins were fine last fall as sales recovered. But high food costs on top of high labor costs have done them in. And some concepts are already feeling the pain.

Workforce

Chili's to offer restaurant training to military members

By Joe Guszkowski on May 19, 2022

It will be the first restaurant company to take part in SkillBridge, a program backed by the Department of Defense and the National Restaurant Association Educational Foundation.

Financing

As grocery prices take off, restaurants’ sales improve

By Jonathan Maze on May 18, 2022

The Bottom Line: Sales at restaurants and bars are now at a higher percentage of Americans’ food dollar than they’ve ever been. They can thank higher grocery prices for that.

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