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Financing

Wingstop franchise group Far West Services wins growth investment

 By Lisa Jennings on Nov. 07, 2023

Brentwood Associates and Sixth Street are teaming up with the franchise partners to expand the fast-casual chicken brand.

Operations

Restaurant chains paint rosier picture of labor and staffing

 By Lisa Jennings on Nov. 06, 2023

Midway through 3Q earnings, it appears wage inflation is still a challenge, but restaurants are fully staffed, turnover is low and efforts to optimize efficiency are paying off.

Financing

McDonald's and Yum Brands take an optimistic view of oncoming regulations

By Jonathan Maze on Nov. 06, 2023

The Bottom Line: The CEOs of the franchise giants decried the NLRB’s joint employer ruling but said that their brands have the strength to overcome them, anyway.

Technology

4 tech stars from restaurants' third quarter

By Joe Guszkowski on Nov. 06, 2023

These investments may not be flashy, but chains say they're getting the job done.

Financing

Clover Food Lab, once a hot concept, declares bankruptcy

By Jonathan Maze on Nov. 06, 2023

The 12-unit Massachusetts plant-based chain sought debt protection after sales didn’t recover as expected and financing froze just as it kicked off expansion plans.

Workforce

California's wage law could pave the way for $18 Big Macs

By Peter Romeo on Nov. 06, 2023

Working Lunch: A McDonald's in Connecticut is already charging that much for a combo featuring the signature sandwich. Might that become the threshold in the industry's largest restaurant market?

Financing

Why restaurants will have to rethink price hikes in 2024

By Jonathan Maze on Nov. 06, 2023

Consumers have been resilient. But they’re also paying more for food than ever before. Operators may need to look beyond price increases next year.

Operations

Starbucks plans to give its workers another raise

By Jonathan Maze on Nov. 06, 2023

The coffee giant is giving all its workers at least 3% pay raises next year and will let hourly workers accrue vacation time sooner. Also: barista championships.

Workforce

Restaurant hiring declines in October

By Peter Romeo on Nov. 03, 2023

Eating and drinking places lost about 7,500 jobs in October, according to the federal government, with hiring across all industries decelerating significantly. But the unemployment rate remained at 3.9%.

Technology

DoorDash warns non-tippers that orders might take longer

By Joe Guszkowski on Nov. 03, 2023

The company said drivers tend to reject orders that don’t include tips, so it’s testing out a reminder for customers.

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