Financing

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

Financing

Fast-food sales are weak, even as overall restaurant sales thrive

Restaurant sales were strong in September, according to new federal data. But same-store sales and traffic at fast-food chains continued to be weak last quarter and consumer confidence is low.

Financing

This is a pivotal time for the U.S. restaurant industry, here and abroad

The restaurant industry faces pressure all over the world, including consumer changes and threats to the economic model. Operators are responding with a lot of innovation and technology.

The Bottom Line: The restaurant brand collector went from acquiring cheap chains to buying up much larger and more expensive brands using whole business securitizations. And then the market tanked.

The two companies terminated an information-sharing process that could have created the country’s largest broadline distributor for restaurants and other foodservice providers.

The Bottom Line: This week’s episode of the restaurant finance newsletter looks at the challenges with Panera Bread, which illustrates the dangers of acquisitions and management changes.

Lehigh Valley Restaurant Brands recently acquired four locations in Texas, its first outside of Pennsylvania. It’s encouraged by a new turnaround plan at the casual-dining chain.

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at Panera’s new turnaround strategy, the latest in Cracker Barrel’s logo saga, and Sweetgreen’s pivot to protein.

A group led by Consortium Brand Partners is set to acquire the casual-dining pizza chain for less than $300 million, Reuters reported.

The owner of companies like Fazoli’s, Twin Peaks and Johnny Rockets defaulted on its securitized debt last month after the company didn’t have enough available funds.

Gilbert Dávila stepped down after losing a shareholder vote Thursday. It was a win for investor Sardar Biglari’s latest fight against the family-dining chain, but shareholders rebuffed him on other issues, including re-electing CEO Julie Masino.

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