earnings

Soaring costs take a big bite out of Burger King franchisee Carrols’ already thin margins

By Jonathan Maze on Feb. 25, 2022

The 1,000-unit franchisee’s adjusted EBITDA margin was more than cut in half last quarter thanks to labor and beef cost inflation. It is reducing its 10-piece chicken nuggets to eight.

Financing

Ruth’s Chris could buy more restaurants as it gets back to growth

By Joe Guszkowski on Feb. 24, 2022

The steakhouse chain is ramping up development with plans to open five to seven new locations a year.

Financing

Noodles & Company got hit by a COVID one-two punch

By Heather Lalley on Feb. 24, 2022

The combined impacts of the delta and omicron surges cost the fast casual $8 million in estimated revenue from temporary closures and reduced hours during the fourth quarter.

Financing

Texas Roadhouse has no ‘silver bullet’ for inflation

By Joe Guszkowski on Feb. 23, 2022

The chain is focusing on building traffic and staff while doing its best to manage rising costs.

Technology

Olo launches payment service, acquires POS integrator Omnivore

By Joe Guszkowski on Feb. 23, 2022

Olo Pay will enable one-click payment for customers at hundreds of restaurant brands. Both moves are part of the company's efforts to streamline technology.

Financing