Financing

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

McDonald’s names Brian Rice chief information officer

By Reyna Estrada on Aug. 01, 2022

The former Cardinal Health executive will lead the fast-food burger giant’s technology strategy as it eyes a bigger digital business.

Financing

Restaurants start getting some relief on inflation

By Jonathan Maze on Jul. 29, 2022

Food costs remain historically high. But it’s increasingly looking like they have peaked. And gas prices are coming down, too.

Financing

Bloomin’ Brands continues to lock horns with inflation

By Joe Guszkowski on Jul. 29, 2022

The Outback Steakhouse parent is adding new technology and equipment to make restaurants more productive and will likely raise prices again to ease higher costs for just about everything.

Financing

Cheesecake Factory says COVID—not the economy—is messing with sales

By Joe Guszkowski on Jul. 28, 2022

Regional spikes are having an impact on the chain’s top line. Meanwhile, it continues to battle higher costs for food and labor.

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Financing

A persistent Anand Gala takes on Dunn Brothers

By Jonathan Maze on Jul. 28, 2022

The owner of Mooyah Burger and Cici’s Pizza completed its purchase of the Minnesota-based coffee chain last week. But he was eyeing it long before then.

Financing

Amid rare sales slide, Wingstop pulls some growth levers

By Joe Guszkowski on Jul. 28, 2022

The chain is joining Uber Eats and expanding chicken sandwiches nationwide after same-store sales fell 3.3%.

Financing

Texas Roadhouse says customers are getting back to normal

By Joe Guszkowski on Jul. 28, 2022

The chain’s traffic fell slightly in the second quarter, which executives said is typical for summer. The decline came entirely on the to-go side of the business.

Financing

High chicken prices give Noodles & Company a headache

By Jonathan Maze on Jul. 28, 2022

The noodle chain’s profits missed expectations as inflation ate into margins, but company executives believe that commodity prices have peaked.

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Financing

The economy falls into a technical recession

By Jonathan Maze on Jul. 28, 2022

The Bottom Line: GDP fell for the second straight quarter, which typically signifies a recession. There are some signs of consumer cutbacks in restaurants, but they’re not widespread.

Financing