technology

Technology

Restaurant loyalty is stuck in neutral

Tech Check: Many restaurants say their programs aren’t working, but the best way to fix them is not yet clear.

Technology

AI supplier Presto still 'very open for business,' despite financial challenges

The company raised enough cash to get through the middle of the month and has a long-term capital plan, its chairman said.

The breakfast-and-lunch chain is proceeding slowly and selectively in building its stack.

The three-tiered program starts at $7.99 a month and offers families a weekly ration of gaming tokens and tickets, plus discounts on food.

Tech Check: Digitizing 100% of orders has become a North Star for some brands. But 90% might be the wiser goal.

The company, which responded to the raise with a $2 fee, estimated that customers have placed 200,000 fewer orders since December.

But the multi-tier Sweetpass subscription program is not showing results. CEO Jonathan Neman says it needs to be simpler.

To celebrate the venture fund's two-year anniversary, the fast-casual chain commits another $50 million to bring the investment pool to $100 million.

The 600-unit taco chain began testing the technology from Presto in 2022 and said last year that it was exceeding expectations.

The company has long been dogged by questions about its finances and its drive-thru voicebots, which still rely on human agents to handle most orders.

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