Joe Guszkowski

Senior Editor

Articles by
Joe Guszkowski

Page 41
Financing

The Cheesecake Factory puts faith in higher prices

The casual-dining chain said consumers are accepting of price hikes even as sales slowed. It will need to take even more to fight off inflation.

Technology

Requiem for a robot: Operators lament loss of Sally the salad machine

DoorDash pulled the plug on the robots in August and removed them from the field. Operators say they’ve struggled to find a good replacement.

Restaurants can use Qwick to fill shifts on demand. Its revenue has grown more than 10,000% over the past three years.

The Toronto-based company wants to take a bigger piece of the restaurant tech market behind an investment from Francisco Partners.

The chain also appointed a new chief legal officer and announced the departures of its CIO and chief concept officer, setting the stage for an almost entirely revamped C-suite under new CEO G.J. Hart.

Delivery sales increased during the company’s third quarter even as more people returned to its dining rooms. “The customer has a habit,” CEO Dave Deno said.

The brand now believes it can have 900 restaurants in the U.S. That footprint combined with robust sales put it on pace to pass its competitors.

The chain will acquire the restaurants early next year as its corporate locations continue to outperform franchisees.

Doug Thompson will become CEO of the five-unit brand he is buying with well-known restaurant investors Bruckman, Rosser, Sherrill & Co. and Rosser Capital Partners.

With new leaders of people and digital, the company continues its back-to-basics approach under new CEO Kevin Hochman.

The deal will give the kiosk technology company a better foothold in stadiums and other venues.

The restaurant veteran and president of nutrition company Athletic Greens will help the virtual brand company with brand development and operations.

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