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Financing

KFC’s U.S. sales soar as Yum Brands digital sales hits $5B

Taco Bell, Pizza Hut and Habit Burger all saw sales recover over 2019 levels while the company opened a record number of global restaurants.

Financing

SBA creates an easier way for PPP borrowers to see if loans are forgiven

The streamlined web portal, which goes live on Aug. 4, is limited to borrowers of $150,000 or less.

Financing

What it takes to make a good fast-food burger

By Jonathan Maze on Jul. 28, 2021

This week’s episode of the RB podcast “A Deeper Dive” features television writer and producer Bill Oakley, best known for The Simpsons, but also a prolific Instagram food reviewer.

Financing

Cheesecake Factory plans to overhaul its marketing capabilities

By Peter Romeo on Jul. 28, 2021

The polished casual chain will invest in new database technology and the development of an "on-brand" loyalty program. Messaging will focus on raising awareness of the brand.

Financing

Starbucks emerges from the pandemic a different company

By Jonathan Maze on Jul. 28, 2021

The coffee giant has shifted its business over the past 18 months, with a lot more drive-thru sales and mobile orders, cold drinks and alternative milk, says RB’s The Bottom Line.

Technology

DoorDash opens new ghost kitchen where it does the cooking

By Joe Guszkowski on Jul. 28, 2021

At a new location in San Jose, restaurants can outsource most of their operations to DoorDash.

Operations

Wingstop prepares to take on Manhattan

By Heather Lalley on Jul. 28, 2021

The fast-growing wing chain plans to open 25 company-owned restaurants and ghost kitchens in the heart of New York City “as fast as we can,” its CEO said.

Operations

How is Thighstop performing?

By Heather Lalley on Jul. 28, 2021

Wingstop declined to break down the financials on its new virtual concept Wednesday but said its thigh-focused brand is succeeding at helping the chain battle high wing prices.

Leadership

Friendly’s new parent names Roberto De Angelis chief experiential officer

By Peter Romeo on Jul. 28, 2021

The P.F. Chang’s veteran will also be involved with a number of smaller affiliated restaurant brands, including Red Mango, Smoothie Factory and Souper Salad.

Financing

McDonald’s sales soar thanks to digital, chicken sandwiches and a boy band

By Jonathan Maze on Jul. 28, 2021

The company’s U.S. same-store sales rose nearly 15% over 2019 levels, and 7% globally, as the company’s promotions and its digital sales drove business.

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