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Operations

Potbelly goes back to the drawing board

The fast-casual sandwich chain is rolling out a new menu little more than two years after its last menu revamp. It is also scrapping a new store design that didn’t achieve its goals.

Financing

The SPAC boom comes to a merciful end

The explosion in public blank-check companies have subsided, replaced by traditional IPOs. RB’s The Bottom Line says that’s good for those that are still in the game.

As the industry takes another big step toward more automation, consumers are holding back.

Restaurant concepts are breaking out of the brick-and-mortar mold, seizing growth opportunities at colleges, stadiums, c-stores and similar venues.

After years of measured growth, the ghost kitchen provider is ready to apply its experience to rapid expansion.

Independents had an easier time getting staff and federal relief, according to new data from the U.S. Small Business Administration.

The very largest chains performed best in the pandemic-hurt year of 2020. And they’re coming out of it better, too, says RB’s The Bottom Line.

The chain’s 700-unit deal with Reef Kitchens signals that delivery-only locations could be the next big battleground for big concepts, said RB’s The Bottom Line.

Wendy’s plan to open 700 units with Reef Technology is a new high-water mark for the delivery-only restaurant business.

The nearly 40-year-old fast casual, known for its hot foods serving line, is eyeing new store formats and upgraded tech to shorten the “customer journey” to its heaping plates of orange chicken.

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