Financing

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

Financing

Lobbying intensifies for a re-up of the Restaurant Revitalization Fund

A proposal to replenish the grant program with $60 billion is expected to be introduced in Congress on Thursday.

Financing

Subway is shifting away from a model that fueled its growth

The sandwich giant has quietly bought out a third of its development agents, a major shift in strategy that is changing how it does business, says RB’s The Bottom Line.

The fast casual said the 4% bump is needed to cover rising labor costs. It’s one of many limited-service chains to up its prices since the pandemic began.

The value of the burger chain’s shares closed up more than 25% on Tuesday, thanks to the same investors who bid up the stocks for AMC and GameStop.

Same-store sales have risen for the past 11 weeks, according to Black Box, and check sizes continue to accelerate.

Several restaurant chains are pushing aggressive development and signing more operators as they look toward recovery, says RB’s The Bottom Line.

While operators push back against several new initiatives, many say the chain’s current problems date back years and include a variety of issues, says RB’s The Bottom Line.

Dynamic Yield was implemented quickly but its results haven’t lived up to massive expectations, while labor-saving efforts are “not ready for prime time.”

Telecommuting has been in decline as pandemic worries ease. That could help some restaurants, but commercial areas may never be the same, says RB’s The Bottom Line.

The industry added 186,000 jobs in May as it continues to recover from the pandemic but remains far off early 2020 levels.

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