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Consumer Trends

Now Chick-fil-A is being blasted by the right

 By Peter Romeo on Jun. 05, 2023

Working Lunch: The high-flying chain is drawing fire for hiring a head of diversity, equity and inclusion. Is any brand safe from the nation's political polarization?

Financing

Red Robin sells 9 stores for $29M in sale-leaseback deal

 By Joe Guszkowski on Jun. 05, 2023

The chain will use the proceeds to repay debt, fund capital projects and buy back stock. It hopes to do the same with other restaurants.

Operations

Inclusion takes a bow at James Beard Award gala

By Lisa Jennings, Patricia Cobe and Reyna Estrada on Jun. 05, 2023

Top honors go to the Haitian restaurant Kann in Portland, Ore.; as well as Friday Saturday Sunday in Philadelphia; and Rob Rubba of Oyster Oyster in Washington, D.C.

Financing

Papa Johns signals a shift in its U.K. strategy with 91-store acquisition

By Jonathan Maze on Jun. 05, 2023

The pizza chain is acquiring restaurants from a franchisee, believing that operating its own locations in the market will improve sales over the long term.

Financing

Cava aims for $2.1B valuation with IPO

By Lisa Jennings on Jun. 05, 2023

The Washington, D.C.-based chain priced its shares between $17 and $19, which would raise more than $274 million.

Financing

Yum Brands CEO David Gibbs doesn't get his company's stock price decline

By Jonathan Maze on Jun. 02, 2023

The Bottom Line: The owner of Taco Bell, KFC, Pizza Hut and Habit has declined as much as 10% since reporting what Gibbs called a “blowout” first quarter. And the company argues that it could easily weather a downturn.

Operations

Time Out Market Miami to close after June 30

By Lisa Jennings on Jun. 02, 2023

It was the first of the Time Out food hall destinations to open in the U.S. four years ago, but the Lisbon-based company did not say why the venue will be closed.

Workforce

Restaurants and bars continue to out-hire every other business

By Peter Romeo on Jun. 02, 2023

New federal data show the sector added 33,000 jobs in May, or roughly 1 of every 10 positions created.

Operations

On decorum: Talking Restaurants with Nancy Kruse and Lisa Jennings

By Nancy Kruse and Lisa Jennings on Jun. 02, 2023

Is it time for American diners to put on proper clothes and start behaving a bit nicer in restaurants? Some operators are bringing back dress codes and more. But it may be too late to turn back from our sweatpants-wearing ways.

Financing

An Applebee's franchisee is buying Corner Bakery for $15M

By Jonathan Maze on Jun. 02, 2023

SSCP Management, owner of Roy’s and a co-owner of Cici’s, won a bankruptcy auction for the fast-casual bakery/café chain.

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