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With a new CEO and other leaders, the parent company of Pizza Inn and struggling Pie Five charts a course for the future.

Fast-food chains and larger concepts won the third quarter, leaving smaller, mostly casual-dining chains behind, says RB’s The Bottom Line.

Mike Burns joins the two-chain company as COO, and Douglas Kwong comes aboard to head marketing.

Rave Restaurant Group, which also runs Pizza Inn, appointed the former Pei Wei Asian Diner CMO to the post after the recent ouster of CEO Scott Crane.

The fast-casual pizza chain owned by Rave Restaurant Group posted a same-store sales decline of 7.3% and a systemwide sales drop of 22.1%.

Fast-food chains, and more fast casuals, are quickly upgrading their drive-thrus. It makes sense—that’s where the customers are.

Bob Bafundo, the company’s president, was named “principal executive officer” of Rave Restaurant Group.

The industry’s performance on Wall Street has lagged overall, but fast-casual and QSR stocks have done well, says RB’s The Bottom Line.

The chain's longtime leader foresees changes for a concept that has been careful not to move with every market ripple.

Some casual-dining chains and fast-casual restaurants are navigating consumers’ shift to takeout, says RB’s The Bottom Line.