The Latest
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Courtesy of Darden Restaurants
Report: Foot traffic exceeding 2019 levels at some casual chains
Customers are gravitating toward higher-priced and more festive concepts to celebrate a return to normalcy, data from Placer.ai suggests.
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Permission granted by Bakers Square
Deep DiveWhy restaurant M&A activity is spiking after pandemic lull
As diner demand helps restaurant sales recover, buyers are jumping back into the game amid low interest rates and as financing becomes more widely available.
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Courtesy of Chipotle
Chipotle CFO: higher wages preventing staff shortages
The company maintains pricing power, finance chief Jack Hartung says, giving it flexibility to decide when to use that power to either protect margins or make an additional investment in its people.
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Retrieved from Chipotle/PR Newswire on March 09, 2021
Chipotle's digital sales rose 10.5% during Q2
CEO Brian Niccol said he expects the company's returns to continue to improve as it accelerates its order and pay ahead model, Chipotlanes, which open with 20% higher sales compared to traditional stores.
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Judge denies McDonald's motion to dismiss $500M sexual harassment suit
The chain had argued the class-action lawsuit's claims were too broad and the allegations at one restaurant couldn't stretch to complaints of systemwide culture issues.
UPDATED: July 21, 2021 at 10:25 a.m. -
Retrieved from Panera Bread on July 19, 2021
Panera expands virtual catering to loyalty members
Following a soft launch earlier this year, Panera Connects, which provides meal vouchers to online event attendees, will be available to the chain's 40 million MyPanera members.
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Courtesy of Choco
Restaurant supply chain startup Choco secures $100M in funding
The company, which reported transaction volume quadrupling in the past year, will use the cash infusion to deploy new payment tools and expand in its existing markets.
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Courtesy of Jollibee/PR Newswire
Jollibee plans to reach 500 stores in North America in 5-7 years
The popular Filipino fast food chain, which has 1,400 units in the Philippines, is already on its way to opening 28 stores in Canada and the U.S. this year.
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DoorDash
DoorDash, Grubhub sue San Francisco over permanent delivery caps
The companies claim the 15% cap — which San Francisco's Board of Supervisors unanimously passed in June — is unnecessary, harmful, unconstitutional and will result in fewer orders for restaurants.
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Portillo's targets an IPO for 2021
The hot dog chain is aiming for a valuation of $2.5 billion to $3 billion, the Wall Street Journal reported Friday, and would be the fourth U.S. restaurant company to pursue a public debut this year.
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Cindy Ord via Getty Images
Grubhub to absorb Seamless brand following Just Eat transaction
In addition to the single-brand strategy, Grubhub will focus heavily on growing in its strongest metro areas, like Chicago and New York City.
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Joe Raedle via Getty Images
OFW: Ending unemployment benefits doesn't ease restaurant labor pressure
In five states that already ended federally funded unemployment benefits, only 16% of workers said they would be more likely to accept any low-wage job, One Fair Wage research reveals.
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Maja Hitij via Getty Images
OpinionHow successful ghost kitchens are built
Restaurant operators need to focus on location, menu development and consumer satisfaction KPIs when developing delivery-only concepts, writes Chris Adams, vice president of strategy at Oracle Food and Beverage.
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Retrieved from Acelerate on July 15, 2021
Host kitchen and software startup Acelerate secures $14.4M in funding
The company licenses seven proprietary brands to existing restaurants and works with operators to bring their menus to other restaurant partners.
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Retrieved from Dickey's Restaurant Brands on July 13, 2021
Dickey's to debut a brick-and-mortar store for its virtual wings brand
Wing Boss will open a restaurant in the Dallas market following strong results just four months after its launch as a delivery-only brand.
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Courtesy of Ruby Tuesday/Business Wire
Ruby Tuesday to serve virtual barbecue brand in-store
Through September, guests can order Libby's BBQ, which was originally conceived as a delivery-only brand, for dine-in, takeout and delivery.
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Courtesy of e.l.f. cosmetics
6 campaigns that stood out amid H1 growth in mobile usage, app spending
Popular apps in the audio, social and video categories are driving growth and helping brands like Chipotle, McDonald's and Burger King reach people.
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McDonald's franchisees boosting pay, rolling out child and elder care benefits
Operators surveyed more than 5,000 employees to determine what new offerings, such as tuition coverage and child care, would be most attractive.
UPDATED: July 13, 2021 at 12:25 p.m. -
Octavio Jones via Getty Images
IRC cries foul over hotels, recreation facilities receiving Restaurant Revitalization Funds
The group pointed out that 11 locations under the Hilton and Wyndham banners received a total of $24 million in grants.
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Retrieved from The White House.
Biden's competition executive order takes aim at non-compete agreements
The order will make it easier for restaurant employees to change jobs without facing legal restrictions, such as anti-poaching clauses included in restaurant franchise agreements.
UPDATED: July 12, 2021 at 10:49 a.m. -
Courtesy of Popeyes/Businesswire
Popeyes to debut chicken nuggets after stockpiling poultry for 6 months
This preparation could help the chain avoid the shortages and long lines that followed its wildly successful chicken sandwich launch.
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Courtesy of Grubhub/PR Newswire
Grubhub gives diners perks to offset late deliveries, lower competitor prices
Grubhub said its latest feature, which is funded by the aggregator and not restaurants, will help protect restaurant reputations and create better diner experiences.
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Courtesy of Panera Bread
Panera tailors swimwear collection to those who eat soup in hot weather
The Swim Soup line's focus on e-commerce aligns with how Dunkin' and McDonald's are attempting to grow loyalty and build out a lifestyle positioning with devoted followers.
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Courtesy of PR Newswire
Bonchon says 72% of stores planned for 2021 will be fast casual
The chain experienced 15.3% same-store sales growth as of the end of June, and the company said the fast casual format has been well received by franchisees.
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Courtesy of Gopuff
Digital c-store Gopuff hiring over 100 employees to back ghost kitchens operation
Job listings, which include line cooks, kitchen leads and district managers, across at least six states hint that the company is preparing to deliver fresh-made foods.
