sales and profits

Financing

2017 Top 500: Lessons from the list shifters

Operators can learn from those chains that jumped in the ranks, as well as from those that plummeted.

Workforce

This week’s 5 head-spinning moments: Delicious details

The week's big announcements, from completion of the Arby's-BWW merger to the newest wrinkles in Chipotle's turnaround plan, sometimes overshadowed small revelations with big implications. Here are a few of those tidbits you likely missed.

The decline of full-service chains is palpable. Three of the major casual-dining players—TGI Fridays, Applebee’s and Chili’s—were all down more than 2% in sales.

The chain ends its sponsorship after weak ratings are blamed for poor sales.

Restaurants’ attempts to be better corporate citizens backfired spectacularly this week, supporting the old adage that no good deed goes unpunished.

The Original Soupman said the Chapter 11 filing is necessary because of legal difficulties and legacy baggage.

The sector closed more units than it opened last year, according to Technomic, after a decade of weak sales.

A portion of the public is stuck on the falsehood that a server is only paid $2.13 an hour, plus the few bucks they might pocket in tips.

No one has pegged the cause of restaurant traffic and sales meltdowns. The consensus holds that restaurant prices are likely a factor, yet there’s no proof.

Despite two years of weak traffic and tension with operators, the burger chain believes low prices are vital to build sales.

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