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Financing

Freshii continues to lag due to slow urban recovery

 By Heather Lalley on Nov. 10, 2021

The Canadian fast casual’s same-store sales remain down more than 20% over pre-pandemic levels during the third quarter.

Operations

Inflation becomes No. 1 issue for restaurants and other small businesses, study finds

 By Peter Romeo on Nov. 10, 2021

Labor availability remains a key concern, but supply-chain problems rose to the top fear.

Financing

Wendy’s sales rise, thanks to digital and breakfast

By Jonathan Maze on Nov. 10, 2021

But the company said that “macroeconomic challenges” kept sales from meeting its expectations.

Financing

Menu price inflation hit a record in October

By Jonathan Maze on Nov. 10, 2021

Prices at limited-service restaurants have risen 7.1% over the past year, while full-service prices are up 5.9%.

Technology

Tech provider Presto is going public via SPAC

By Joe Guszkowski on Nov. 10, 2021

It will merge with Ventoux Acquisition Corp. and begin trading on NASDAQ to raise funds for its digital ordering systems.

Financing

Why casual-dining chains may be a good investment bet

By Jonathan Maze on Nov. 10, 2021

The Bottom Line: Valuations for fast-food restaurants have taken off this year. But more lenders, and some operators, believe the future is good for full service.

Financing

GJ Hart believes restaurants got a ‘wake-up call’ on labor

By Jonathan Maze on Nov. 09, 2021

The now-former CEO of Torchy’s Tacos says brands that make a “genuine investment” in people will win in the long term.

Workforce

Courts won't derail the federal vaccine mandate, White House insists

By Peter Romeo on Nov. 09, 2021

Despite the temporary stay of a federal appellate court, and any subsequent challenge, the historic requirement will go into effect on Jan. 4 as planned, according to a spokesperson.

Technology

Uber Eats is launching robot delivery

By Joe Guszkowski on Nov. 09, 2021

The company is partnering with Serve Robotics to offer the service in Los Angeles starting early next year.

Leadership

Dave & Buster’s CFO Scott Bowman to depart next month

By Heather Lalley on Nov. 09, 2021

Bowman said he resigned to accept another opportunity. His announcement comes less than two months after Brian Jenkins, the food-and-games chain’s then-CEO, said he was retiring.

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