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But the stock fell as investors worried about competition from delivery services.
The casual-dining chain has said little about its next CEO following the departure of Ray Blanchette.
Pei Wei is sparring with its fast-casual rival in an online marketing campaign highlighting menu transparency.
The activist investor believes the company’s stock price could double over three years, says RB’s The Bottom Line.
Mike Nettles was promoted to chief operating and growth officer, among other changes.
Operators at a meeting this week voted a “resounding yes” to forming an independent franchisee association.
An analyst mentioned a few potential candidates, and RB’s The Bottom Line examines them, and what a buyer would have to do.
Melissa Heidman was promoted to general counsel of the fast-casual chain.
The company has partnerships with Uber Eats, Grubhub, DoorDash and Postmates.
But restaurants continue to lose customers as traffic declined yet again.
These emerging chains are the growth vehicles to watch—the ones poised to be major industry players in the coming years.
Food trends and recipes to keep menus fresh
New restaurants and soon-to-open concepts worth monitoring
RB’s exclusive ranking of the highest-grossing independent restaurants
Peter Romeo highlights the moments restaurateurs miss at their own peril
Ideas from the field you may want to borrow