News

Chipotle agrees to pay NYC workers up to $20M

By Jonathan Maze on Aug. 10, 2022

The city had charged the burrito chain with violating scheduling and sick leave rules. The settlement affects about 13,000 workers.

Financing

Famous Dave’s is getting a new owner, but strategy won’t change

By Joe Guszkowski on Aug. 10, 2022

With its vast family of brands, MTY Food Group could be an ideal partner for BBQ Holdings’ unique approach to growth.

Financing

Red Robin dials up value after ‘disappointing’ quarter

By Joe Guszkowski on Aug. 10, 2022

Following a successful $10 meal deal, the chain is queuing up happy hour and lunch specials, even as it works to keep costs down.

Financing

Wendy’s pares back its giant ghost kitchen deal

By Jonathan Maze and Joe Guszkowski on Aug. 10, 2022

The burger chain, which last year announced a bold deal to open 700 locations in Reef Kitchens, now plans to open as few as 100 after Wendy’s “reevaluated” its development commitment.

Financing

Menu price inflation remained elevated in July

By Jonathan Maze on Aug. 10, 2022

Food away from home inflation was 7.6% last month and prices held steady at both full-service and limited-service restaurants. Overall, consumer prices were flat in the month.

Financing

As conditions stabilize, Jack in the Box sees sales improve

By Jonathan Maze on Aug. 10, 2022

The company, which also owns Del Taco, said sales accelerated at the end of last quarter, while more dining rooms reopen and supply chain disruptions ease.

Financing