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Financing

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

Financing

SBA creates an easier way for PPP borrowers to see if loans are forgiven

 By Peter Romeo on Jul. 28, 2021

The streamlined web portal, which goes live on Aug. 4, is limited to borrowers of $150,000 or less.

Financing

McDonald’s says its labor challenges are easing

 By Jonathan Maze on Jul. 28, 2021

The company credits higher wages and an end to unemployment benefits for bringing in more applicants but costs are driving up prices.

Financing

Starbucks emerges from the pandemic a different company

By Jonathan Maze on Jul. 28, 2021

The coffee giant has shifted its business over the past 18 months, with a lot more drive-thru sales and mobile orders, cold drinks and alternative milk, says RB’s The Bottom Line.

Financing

McDonald’s sales soar thanks to digital, chicken sandwiches and a boy band

By Jonathan Maze on Jul. 28, 2021

The company’s U.S. same-store sales rose nearly 15% over 2019 levels, and 7% globally, as the company’s promotions and its digital sales drove business.

Financing

Starbucks to sell its share of its South Korea market

By Jonathan Maze on Jul. 27, 2021

The coffee giant is selling its stake in the market to its joint venture partner E-Mart and a new investor GIC Private Limited.

Financing

Cold beverages heat up sales at Starbucks

By Jonathan Maze on Jul. 27, 2021

The coffee giant recorded record sales and profits last quarter as customers ordered more Nitro Cold Brew and Refreshers.

Financing

Former quarterback Drew Brees invests in Everbowl

By Heather Lalley on Jul. 27, 2021

Brees is also becoming a franchisee and ambassador for the health-focused fast-casual brand.

Financing

Sales rebound puts Cheesecake Factory on route to $12M AUV

By Peter Romeo on Jul. 27, 2021

Staffing challenges aren't hampering sales, which are running 10% over pre-pandemic levels.

Financing

Subway asks a court to ‘put an end to this frivolous lawsuit’ over tuna

By Jonathan Maze on Jul. 27, 2021

The sandwich giant also said that plaintiffs and their attorneys should be “held accountable” for pressing ahead with a lawsuit and suggests the allegations have hurt sales.

Financing

Black McDonald’s franchisees say their profitability gap is worse than it appears

By Jonathan Maze on Jul. 26, 2021

Current operators, whose discrimination lawsuit was previously dismissed, have amended their complaint, arguing that the company concealed Black franchisees’ debt challenges.

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