Joe Guszkowski

Senior Editor

Articles by
Joe Guszkowski

Page 8
Technology

AI supplier Presto still 'very open for business,' despite financial challenges

The company raised enough cash to get through the middle of the month and has a long-term capital plan, its chairman said.

Technology

Restaurant loyalty is stuck in neutral

Tech Check: Many restaurants say their programs aren’t working, but the best way to fix them is not yet clear.

The agreement between BJ's and Fund 1 Investments will also create a new board committee focused on improving shareholder value.

The company, which responded to the raise with a $2 fee, estimated that customers have placed 200,000 fewer orders since December.

It’s the third such deal over the past year for the chain, which will use the proceeds to pay down debt.

Tech Check: Digitizing 100% of orders has become a North Star for some brands. But 90% might be the wiser goal.

The three-tiered program starts at $7.99 a month and offers families a weekly ration of gaming tokens and tickets, plus discounts on food.

The chain has earmarked $3 million to remind customers of the more than 30 bottomless options on its menu.

Dual locations have generated strong returns overseas and could provide a spark to the chains’ domestic development.

The 600-unit taco chain began testing the technology from Presto in 2022 and said last year that it was exceeding expectations.

The company has long been dogged by questions about its finances and its drive-thru voicebots, which still rely on human agents to handle most orders.

The unit in Quakertown, Pa., is the first of up to four such outlets for the delivery-focused food hall concept.

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