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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 4
Financing

Restaurants are keeping their takeout sales, for now

Chains say that takeout sales have increased even as more people go into their locations to eat, a phenomenon operators find promising, says RB’s The Bottom Line.

Leadership

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The fast-casual Italian chain says its sales have thrived over the past year, thanks to its drive-thrus, setting it up for unit growth for the first time in a decade.

Operators say hiring has become their top problem again, even with nearly 2 million former restaurant workers still out of a job.

The industry added 175,800 jobs in March and now employs more people than it has since the start of the pandemic.

It’s uncertain where the chief marketing officer is heading. He had been with the company since 2014.

Sales at the 500 largest chains fell 8% last year and they closed a lot fewer units than expected, but the 50 largest chains performed far better than everyone else.

The chain’s same-store sales rose 21% in the first quarter, completing a remarkable year. But its performance was improving long before quarantine, says RB's The Bottom Line.

Chief Marketing Officer George Felix is leaving the company, which also named a new marketing structure and said that Lynne Broad will become CFO in May.

The Chicago food emporium, which expects to open its first location in Chicago in June, raised another $15 million from existing investors, including Thompson’s Cleveland Avenue.

Consumers, stimulus checks in hand, are spending at restaurants, often outpacing 2019 numbers and creating supply chain problems in the process.

This week’s episode of the RB podcast “A Deeper Dive” features the founder of the country’s largest operator, coming off its purchase of most of NPC International.

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