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Financing

Bloomin’ Brands continues to lock horns with inflation

 By Joe Guszkowski on Jul. 29, 2022

The Outback Steakhouse parent is adding new technology and equipment to make restaurants more productive and will likely raise prices again to ease higher costs for just about everything.

Financing

High chicken prices give Noodles & Company a headache

 By Jonathan Maze on Jul. 28, 2022

The noodle chain’s profits missed expectations as inflation ate into margins, but company executives believe that commodity prices have peaked.

Financing

Amid rare sales slide, Wingstop pulls some growth levers

By Joe Guszkowski on Jul. 28, 2022

The chain is joining Uber Eats and expanding chicken sandwiches nationwide after same-store sales fell 3.3%.

Financing

The economy falls into a technical recession

By Jonathan Maze on Jul. 28, 2022

The Bottom Line: GDP fell for the second straight quarter, which typically signifies a recession. There are some signs of consumer cutbacks in restaurants, but they’re not widespread.

Operations

Los Angeles restaurants are spared a new mask mandate—for now

By Peter Romeo on Jul. 28, 2022

Local health officials noted that new data could still trigger the requirement, but not for at least a week.

Financing

Cheesecake Factory says COVID—not the economy—is messing with sales

By Joe Guszkowski on Jul. 28, 2022

Regional spikes are having an impact on the chain’s top line. Meanwhile, it continues to battle higher costs for food and labor.

Marketing

Massachusetts wants a return of happy hours. Its restaurants don't

By Peter Romeo on Jul. 28, 2022

Two-for-one deals and other promotional offers would drive up insurance costs while cutting into sales, local operators contend.

Marketing

Ohio restaurants scramble for a shot at adding sports betting

By Peter Romeo on Jul. 28, 2022

The application process has opened for 1,000 establishments, with the gaming scheduled to begin Jan. 1.

Financing

Texas Roadhouse says customers are getting back to normal

By Joe Guszkowski on Jul. 28, 2022

The chain’s traffic fell slightly in the second quarter, which executives said is typical for summer. The decline came entirely on the to-go side of the business.

Operations

CloudKitchens sold these restaurants a dream. What they got was a nightmare

By Joe Guszkowski on Jul. 28, 2022

As the ghost kitchen company has expanded to more than 60 locations across the country, it has left a trail of failed businesses in its wake.

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