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Financing

Why breakfast is the key to Burger King's future

 By Jonathan Maze on May 31, 2023

The Bottom Line: The burger chain’s unit volumes have lagged its competitors. One reason has been a morning daypart that hasn’t quite lived up to expectations. Can the brand’s new management fix it?

Technology

Lawsuit claims Olo execs embellished restaurant count, then sold shares

 By Joe Guszkowski on May 30, 2023

CEO Noah Glass and CFO Peter Benevides, along with nine board members, are accused of misleading investors about Olo’s customer count and its deal with Subway.

Operations

Restaurant Daniel and the industry family tree that keeps growing

By Lisa Jennings on May 30, 2023

After 30 years, chef and founder Daniel Boulud's Dinex Group continues to branch out, in both New York and soon Los Angeles.

Financing

Restaurants are employing more cooks, but fewer servers

By Jonathan Maze on May 26, 2023

While employment in the industry is down overall, that decline is not spread evenly as operators shift toward production and away from service. But everybody is making more money.

Financing

The better-burger revolution that wasn't

By Jonathan Maze on May 25, 2023

The Bottom Line: Remember when the fast-casual burger business was going to take loads of share from traditional fast-food chains? It never quite got there.

Financing

Here come the restaurant IPOs

By Jonathan Maze on May 24, 2023

The Bottom Line: Cava Group’s filing of its initial public offering documents could be the first of a few industry IPOs this year. But restaurant M&A remains weak.

Marketing

A look inside the Papa Johns test kitchen

By Jonathan Maze on May 23, 2023

The kitchen is the centerpiece of the pizza chain’s new Atlanta headquarters, which makes sense. Innovation has been the centerpiece of the chain’s comeback.

Operations

Washington, D.C., restaurants learn the outs of service fees

By Peter Romeo on May 22, 2023

Surcharges have become routine after residents voted to kill the tip credit. Now, operators and customers are coming across the unexpected side effects.

Financing

The end of the pandemic has been tough on virtual brands and ghost kitchens

By Jonathan Maze on May 21, 2023

The Bottom Line: Burger King’s parent closing its KYLO Food Hall and layoffs at Nextbite suggest that some of the biggest ideas to come out of the pandemic are having a tough time making it on the other side.

Financing

Fast-food restaurants need to slow their price increases

By Jonathan Maze on May 19, 2023

The Bottom Line: Operators have kept their foot on the pricing gas this year even as inflation shows signs of easing and profits improve. But with the economy nearing a recession, it’s time to slow down.

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