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Joe Guszkowski

Senior Editor

Articles by
Joe Guszkowski

Page 8
Financing

Sardar Biglari gets some help in fight against Cracker Barrel

Two key shareholder advisory firms are backing the activist’s argument that change is needed at the floundering family-dining chain, including the ouster of board member Gilbert Dávila. But they recommended that CEO Julie Masino remain in place.

Financing

Denny's is sold and Pizza Hut hits the market

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at the sale of Denny’s, the potential sale of Pizza Hut and a big week of earnings.

Technology

American Express' restaurant tech acquisitions are bearing fruit

The credit card company’s investments in Resy and software service Rooam are helping restaurants both drive traffic and streamline operations behind the scenes.

Financing

Beef costs put pressure on Texas Roadhouse

Sales and traffic continue to rise for the steak chain, but an unexpected rise in beef prices took a bite out of its bottom line. They’re expected to remain elevated for the foreseeable future.

Financing

Outback Steakhouse parent to invest $75M in return to steakhouse roots

Bloomin’ Brands plans to improve steak quality, service and atmosphere at the struggling casual-dining chain. It’s also closing more locations.

Financing

Applebee's and IHOP plan to open a lot more co-branded locations

The full-service siblings expect to finish next year with up to 80 hybrid locations, and believe there is room for up to 900 nationwide over the next decade.

Technology

Toast and Uber team up to make services more seamless for restaurants

The two tech giants said joining forces will make it easier for restaurants to use them in tandem. It will also make Uber Eats a turnkey delivery option for the 148,000 restaurants on Toast.

Financing

First Watch sales accelerate as value investments pay off

Same-store sales at the breakfast-and-lunch chain rose at their fastest rate in over two years as customers responded to reasonable prices and larger portions.

Financing

Denny's to be acquired by group of investors for $620M

TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises will take the diner chain and its sister brand Keke’s private in a surprising deal.

Financing

TGI Fridays management company acquires brand's U.K. division

CEO Ray Blanchette’s Sugarloaf Management bought the casual-dining chain’s 49 U.K. locations amid a strong international growth push for the brand.

Financing

Bankrupt Hooters kicks off comeback under new owners

A pair of franchisees, including the breastaurant chain’s original founders, have acquired what was left of Hooters of America with plans to “re-Hooterize” the brand with menu upgrades and more modest uniforms.

Technology

Restaurants are hurting, but delivery is not to blame

Tech Check: Delivery is a convenient scapegoat for the industry’s recent challenges. But there’s little evidence that it’s taking butts out of seats.

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