Welcome to Restaurant Business’ Week in Review for the week of April 7, 2025.
Restaurant stocks plunged late last week amid ongoing tariff-related volatility, with major stock indexes down 6%.
In a rare show of restaurant executive candor, the interim CEO of Dave & Buster’s blamed the food-and-games chain’s recent poor performance on “significant and ill-advised changes” made by former leaders.
The investment firm operated by Steak n Shake owner Sardar Biglari is looking to buy fast-casual chicken chain El Pollo Loco.
As part of its sale to Blackstone, sandwich chain Jersey Mike’s intends to eventually bring in a new CEO to replace Peter Cancro. It is also eyeing European growth.
As the end of the week neared, President Trump announced a 90-day pause on the so-called “reciprocal” tariffs that had been roiling markets, in favor of a universal 10% rate on all countries except China.
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