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Marketing

The James Beard Awards return from the pandemic with an equity makeover

The awards, widely considered the “Oscars of the food world,” took a two-year pause to try to become more diverse, equitable and inclusive to give more chefs access to the potentially career-changing prize.

Financing

Inflation taking its toll on some consumers, but not others

The Bottom Line: On Thursday, Macy’s said its consumers were fine, while Burlington said its consumers were not, showing that inflation is first taking its toll on lower-income customers.

Tech Check: A report from DoorDash shows that the big apps are increasingly becoming consumers’ chosen method for finding and ordering food to-go.

The Bottom Line: The burger chain tried operating other brands and then sold them to focus on its core brand. But that may not be doing the company any favors on Wall Street.

The Bottom Line: The National Restaurant Association Show displayed some of the latest gadgets to improve efficiency and reach more customers. But can those that need it most afford it?

The Bottom Line: The interim CEO, who did away with company buybacks, has been buying up shares of the company’s stock and now owns 21.8 million shares directly or indirectly.

The Bottom Line: Margins were fine last fall as sales recovered. But high food costs on top of high labor costs have done them in. And some concepts are already feeling the pain.

The Bottom Line: Sales at restaurants and bars are now at a higher percentage of Americans’ food dollar than they’ve ever been. They can thank higher grocery prices for that.

The outgoing CEO of Brinker International reflects on his impact over 17 years at the Chili’s and Maggiano’s parent.

Taste Tracker: Chocolate is for drinking at Starbucks and Shake Shack; Bennigan’s and Lazy Dog craft cocktails; Subway’s latest sandwich refresh; Modern Market embraces summer; and more menu news of the week.

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