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Technology

AI supplier Presto could be headed for a lender takeover

 By Joe Guszkowski on Jul. 26, 2024

The restaurant tech company has been unable to find a buyer for its debt, which could clear the way for lender Metropolitan Partners to seek strategic alternatives for Presto including a sale.

Food

Family-dining chains shake up their menus as the segment redefines itself

 By Patricia Cobe on Jul. 26, 2024

Menu overhauls seem to be coming all at once, as the major players in this full-service, midscale sector seek to balance the new with the tried-and-true while delivering value.

Financing

Casey’s to acquire 198 CEFCO convenience stores for $1.1B

By Greg Lindenberg on Jul. 26, 2024

Casey's, one of the country's largest pizza sellers, will get a geographic boost in the South thanks to the deal.

Financing

BurgerFi parent agrees to settle shareholder lawsuit

By Lisa Jennings on Jul. 26, 2024

Lion Point Capital alleged BurgerFi International Inc. failed to timely register its shares in a SPAC deal, costing the shareholder $26 million.

Leadership

Denny’s, Pita Pit, Zaxby’s and more switch up their executive ranks

By Restaurant Business Staff on Jul. 26, 2024

Executive Summary: The latest in leadership changes from restaurants around the country.

Operations

Texas Roadhouse remains in a league of its own

By Joe Guszkowski on Jul. 26, 2024

The steakhouse chain saw impressive growth on both the top and bottom line in the second quarter as it continued to defy industry trends.

Operations

Chipotle to focus on portion sizes at some 'outlier' restaurants

By Joe Guszkowski on Jul. 25, 2024

But customer concerns over portions did little to slow the burrito chain in Q2, when same-store sales soared by more than 11%.

Technology

California gig worker law upheld in win for delivery companies

By Joe Guszkowski on Jul. 25, 2024

The state’s Supreme Court ruled that Proposition 22 can stand, meaning workers for apps like DoorDash and Uber Eats will remain contractors rather than employees.

Financing

The ongoing dangers of third-party delivery

By Jonathan Maze on Jul. 25, 2024

The Bottom Line: The parent company of Tender Greens, which filed for bankruptcy this week, is laying part of the blame on its heavier reliance on delivery orders.

Leadership

If you don't know the name 'Joe Lee,' stop right now and listen

By Peter Romeo on Jul. 25, 2024

Restaurant Rewind: He was a key force in the creation of what we now know as casual dining. You've likely read the latest on Red Lobster. Here's the person who made it an icon.

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