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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Red Lobster is struggling to pay its bills, vendors say

 By Joe Guszkowski on Apr. 18, 2024

Credit data confirms the seafood chain has a large number of overdue balances as it reportedly considers a bankruptcy filing.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

 By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

A look at the future of virtual restaurant brands

By Jonathan Maze on Apr. 17, 2024

A Deeper Dive: Robbie Earl, co-founder of MrBeast Burger operator Virtual Dining Concepts, joins the podcast to discuss the digital-only brands.

Financing

In Red Lobster, a symbol of the challenges with casual dining

By Jonathan Maze on Apr. 17, 2024

The Bottom Line: Consumers have shifted dining toward convenience or occasions, and that has created havoc for full-service restaurant chains. How can these companies get customers back?

Financing

California restaurant operators raise prices, look for solutions and try to remain optimistic

By Jonathan Maze on Apr. 17, 2024

Restaurant companies have raised prices to offset the $20 wage. But how much depends on the concept. And brands like McDonald’s are also working to get customers excited about coming in.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Financing

Higher prices and more locations drove chain restaurant sales last year

By Jonathan Maze on Apr. 16, 2024

Technomic Top 500: Chain restaurants continued to record strong growth last year, but mostly without higher traffic. And there were wide variations in performance throughout the ranking.

Financing

Report: Red Lobster is preparing for bankruptcy filing

By Heather Lalley on Apr. 16, 2024

The struggling seafood chain is hoping Chapter 11 protection will help it restructure its debt while keeping its restaurants operating, according to Bloomberg.

Financing

The 10 largest restaurant chains in the U.S.

By Jonathan Maze on Apr. 16, 2024

Technomic Top 500: Here are the country's 10 largest restaurant chains by sales, according to the Technomic Top 500 Chain Restaurant Report.

Financing

Crumbl may be the next frozen yogurt, or the next Krispy Kreme

By Jonathan Maze on Apr. 15, 2024

The Bottom Line: With word that the chain’s unit volumes took a nosedive last year, its future, and that of its operators, depends on what the brand does next.

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