Financing

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

Financing

With traffic weak, closures and bankruptcies take hold

Thirty-three chains closed at least 10% of their locations in 2018.

Financing

Kona Grill files for bankruptcy protection

The company closed an additional 15 locations and is up for sale, blaming overly aggressive growth, cost cuts and a stock buyback for its poor finances.

But third-party services appear to be eating into Pizza Hut’s market.

On this week’s edition of “A Deeper Dive,” Habit CEO Russ Bendel talks about delivery, expansion and the burger business.

The Brinker International holding is close to picking at least one third-party service as a partner, officials say.

The chain is replacing an existing unit with a fast-casual model, and many others could follow if it works, says RB’s The Bottom Line.

The company said its U.S. same-store sales rose 4.5% in the first quarter, but traffic is still down.

The casual chain raised its prices 1.5% in early April to offset rising wages and increased staffing.

The company plans to introduce the plant-based burger nationally toward the end of the year as its U.S. sales slow.

One-fifth of Canadians are members of the program after just a few weeks, but the chain’s same-store sales fell in the first quarter.

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