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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Hurricane Helene hammered restaurant sales

 By Jonathan Maze on Oct. 11, 2024

The storm left a path of destruction across the southeastern US. It also led to a major reduction in restaurant sales, according to data from Black Box Intelligence.

Financing

TGI Fridays closes more U.S. restaurants as troubles continue

 By Joe Guszkowski on Oct. 11, 2024

The casual-dining chain has shuttered at least a dozen locations over the past month after closing 36 earlier this year.

Financing

Olive Garden owner Darden completes acquisition of Chuy's for $605M

By Joe Guszkowski on Oct. 11, 2024

The casual-dining Tex-Mex chain is the first Mexican concept in Darden’s portfolio and is expected to help the company reach a new audience.

Financing

In appreciation of Texas Roadhouse

By Jonathan Maze on Oct. 11, 2024

The Bottom Line: The steak chain has been one of the most consistently strong performers in the industry going into and coming out of the pandemic, largely by doing things the right way.

Financing

Inflation and earnings data show some real hope for restaurants

By Jonathan Maze on Oct. 10, 2024

Wages are rising faster than inflation, which could ultimately ease consumer pressure for lower prices. Meanwhile, grocery prices outpaced menu inflation last month.

Financing

Looking to franchise your restaurant? Be careful what you wish for

By Jonathan Maze on Oct. 10, 2024

The Bottom Line: Franchising is becoming more attractive as debt becomes expensive and hard to get and equity investors grow skeptical of restaurants. But the model isn’t for everybody.

Financing

The economy, and competition, take a bite out of Domino's

By Jonathan Maze on Oct. 10, 2024

The chain’s sales slowed in August as bargain-hunting, lower-income consumers sought out deals from competitors. “I think we’re in the pizza wars right now," its CEO said.

Financing

The benefits, and drawbacks, of restaurant AI

By Jonathan Maze on Oct. 09, 2024

A Deeper Dive: Richard Del Valle, chief information officer of Bojangles, joins the Restaurant Business podcast to talk about the company’s technology efforts, including drive-thru AI.

Financing

Want investment for your brand? Be a good person

By Jonathan Maze on Oct. 09, 2024

A private-equity investment in an emerging restaurant chain is a relationship as much as anything. That's why the best piece of advice for getting it may also be the simplest.

Financing

McDonald's, Wendy's and Burger King make their case with non-budget diners

By Jonathan Maze on Oct. 08, 2024

The Bottom Line: The three big burger chains, which have been in a value war for the past few months, are all pushing innovative products to win back customers.

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