Joe Guszkowski

Senior Editor

Articles by
Joe Guszkowski

Page 99
Financing

With traffic flagging, Denny's gets back to value

The diner chain, which earlier this year said it was easing up on value, is embracing it again amid a difficult economy.

Operations

TGI Fridays to expand use of virtual brands

The casual-dining chain is deepening its partnership with C3, bringing more of its concepts to more restaurants.

The new straws, called Phade, are designed to biodegrade in water within months compared to the approximately 200 years it takes plastic ones to disappear.

A fresh $100 million from a group of strategic partners is expected to fuel what amounts to a 17-fold increase in the ghost kitchen company’s footprint.

He'll be succeeded by President and COO Chip Wade, who has been in line for the job since he was hired in 2019.

The Outback Steakhouse parent is adding new technology and equipment to make restaurants more productive and will likely raise prices again to ease higher costs for just about everything.

The chain’s traffic fell slightly in the second quarter, which executives said is typical for summer. The decline came entirely on the to-go side of the business.

The chain is joining Uber Eats and expanding chicken sandwiches nationwide after same-store sales fell 3.3%.

Regional spikes are having an impact on the chain’s top line. Meanwhile, it continues to battle higher costs for food and labor.

As the ghost kitchen company has expanded to more than 60 locations across the country, it has left a trail of failed businesses in its wake.

Tech Check: The flourishing industry has been hit with a reality check this year. That might not be such a bad thing.

Single-unit Vietnamese concept Saigon Hustle was the winner of the Million Dollar Restaurant Launch sponsored by Mercato Partners’ Savory Fund.

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