Corporate Operations

  • A young woman customer placing her order at a fast food convenience restaurant.
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    YinYang via Getty Images

    Nashville bank execs launch Sonata to serve fast food industry

    Dan Dellinger and Farzin Ferdowsi aim to solve turnover and banking access issues in the quick-service space, and add telehealth and financial literacy to help franchisees retain talent.

    By Anna Hrushka • Aug. 16, 2022
  • Bloomin' Brands is promoting Pat Hafner, currently VP of operations at Carrabba's, to president of the Italian brand.
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    Permission granted by Bloomin' Brands

    Bloomin’ Brands promotes Pat Hafner to president of Carrabba’s

    Hafner, who first joined the company as an Outback waiter in 1996, will oversee operations across 220 Carrabba’s locations.

    By Aug. 16, 2022
  • Gopuff
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    Courtesy of Gopuff

    Gopuff taps Panera exec as new CFO

    Ted Stedem's addition to the ultrafast delivery company's C-suite comes a few months after it named a Pizza Hut alum to lead its Kitchen division. 

    By Brett Dworski • Aug. 15, 2022
  • Ampm store
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    Retrieved from BP press release.

    BP plans to maximize East Coast footprint with NY c-store opening

    California-based Ampm debuted in the Big Apple, with a hot deli and a grocery section of fruit, dry goods and a bakery.

    By Brett Dworski • Aug. 12, 2022
  • Panera Bread storefront
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    Permission granted by Panera Bread

    Panera Brands appoints JAB exec as CFO

    Konrad Meyer joins the company just over a month after its plans to go public via Danny Meyer’s SPAC fell through.

    By Aug. 12, 2022
  • An exterior image of a restaurant with glass windows and a sign that says sweetgreen.
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    Retrieved from Sweetgreen/BusinessWire on August 10, 2022

    Sweetgreen on track for 1K units by 2030 despite profitability issues

    The salad chain expects to open at least 35 new restaurants this year, with many in suburban markets. 

    By Aug. 11, 2022
  • An image of a building with glass and a yellow sign that says Fatburger next to an image on orange buffalo
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    Permission granted by Fat Brants

    Fat Brands reaches agreement in principle in shareholder class action lawsuit

    The company will pay $2.5 million and issue $500,000 in Class A common stock to impacted shareholders, who saw prices tank upon news Fat’s CEO and COO were under federal investigation.

    By Aug. 11, 2022
  • Reef Kitchens and Wendy's have signed a deal to open hundreds of units together
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    Courtesy of REEF Technology
    Reef Technology's expansion

    Wendy’s to slash at least 550 units from Reef pipeline

    The burger chain now plans to open between 100 and 150 Reef locations by 2025, down from 700, as sales at U.S. outposts disappoint.

    By Aug. 10, 2022
  • People wait in line to enter a building with a sweetgreen logo at the top.
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    Scott Olson via Getty Images

    Sweetgreen lays off 5% of support staff

    These reductions could result in annual savings of $4 million and help the chain reach profitability potentially as early as 2024, according to the company.

    By Aug. 10, 2022
  • Fresh organic avocado on the wooden table
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    pilipphoto via Getty Images

    Whole Foods co-founder plans to launch vegetarian restaurant chain

    John Mackey’s past success scaling a business promoting healthy lifestyles could attract more investor attention as plant-based diets grow in popularity.

    By Aug. 9, 2022
  • Pilot storefront at a travel stop next to a Cinnabon in Pennsylvania
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    Thai Phi Le/Restaurant Dive

    Pilot debuts in-house Tex-Mex deli among other foodservice upgrades

    Prepared foods will play a substantial role in the convenience store chain’s new $1 billion store modernization project.

    By Brett Dworski • Aug. 9, 2022
  • Picnic Works, Speedy Eats partnership automation technology
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    Courtesy of Picnic Works

    Picnic Works, Speedy Eats to deploy 5K automated drive-thrus

    The companies expect to roll out the automated stations, worth an estimated $800 million, in the U.S. throughout the next five years.

    By Aug. 8, 2022
  • A woman sitting at a table using her phone as a calculator. On the table there are financial charts.
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    Hispanistic via Getty Images

    Study: Over 66% of independent restaurants seeing sales declines from inflation

    Seventy-six percent of operators surveyed by Seated said they have increased menu prices to deal with current economic conditions.

    By Aug. 5, 2022
  • Interior rendering of Del Taco's "Fresh Flex" prototype released January 2021
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    Permission granted by Del Taco

    Jack in the Box promotes Del Taco COO to brand president

    Chad Gretzema replaces John Cappasola, Del Taco CEO and president, who departed in June months after Jack in the Box acquired the Mexican QSR chain. 

    By Aug. 5, 2022
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    Image attribution tooltip
    The image by Elvert Barnes is licensed under CC BY-SA 2.0

    Just Eat Takeaway reports $3B impairment following Grubhub deal

    Despite the impairment, which JET blames on reduction in sector valuation, high interest rates and equity volatility, an earnings call pointed to early positive results from its Amazon partnership.

    By Aug. 4, 2022
  • Shake Shack opened its first drive-thru location in Maple Grove, Minnesota Dec. 6, 2021.
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    Permission granted by Shake Shack

    Shake Shack expects up to 25 drive-thrus open by the end of 2023

    With six drive-thrus currently open, the burger chain has seen average weekly sales of over $80,000 compared to $76,000 at a traditional location. 

    By Aug. 4, 2022
  • A white table with hands reaching out toward food items like hamburgers, sushi and French fries.
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    Permission granted by C3

    TGI Fridays expands C3 partnership with new virtual brands

    TGI Fridays’ test phase, which began with a rollout of Krispy Rice in select markets last fall, generated up to $1 million in sales per restaurant.

    By Aug. 3, 2022
  • An exterior image of a white restaurant with a yellow decoration and signs that say Church's Chicken
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    Courtesy of Church's Chicken

    Church’s Texas Chicken and Texas Chicken name new CEO

    Joe Guith, a former executive of Focus Brands, joins the brand as its top executive nearly a year after it was bought by High Bluff Capital Partners. 

    By Aug. 2, 2022
  • A picture of a diamond red sign that has "Fatburger" in yellow letters.
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    The image by Tony Hisgett is licensed under CC BY 2.0

    Fat Brands plans to open 900 new restaurants in 5 years

    The aggressive expansion strategy would raise the company’s total location to over 3,200 while also adding $50 million in incremental adjusted EBITDA. 

    By Aug. 2, 2022
  • A McDonald's store is shown in Houston, Texas.
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    Brandon Bell via Getty Images

    McDonald’s names global CIO following other executive changes

    Brian Rice will serve on the global senior leadership team as EVP and global CIO, reporting directly to CEO Chris Kempczinski.

    By Lindsey Wilkinson • Aug. 1, 2022
  • Two smiling men standing together
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    Retrieved from USHG on August 01, 2022

    Danny Meyer to resign as CEO of USHG

    Chip Wade, currently Union Square Hospitality Group president and COO, will take the top leadership position in the full-service restaurant group, effective Sept. 6. 

    By Aug. 1, 2022
  • An image of various chicken wings products and French fries inside green containers.
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    Courtesy of Wingstop

    Wingstop expects its food costs to shrink this year

    The chain is experiencing a 19% drop in chicken wing costs, allowing it to lean more heavily on value offerings as other restaurants hike menu prices. 

    By July 29, 2022
  • McDonald's McPlant
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    Courtesy of McDonald's

    McDonald’s US plant-based burger test is over

    The company said the test “concluded as planned,” but the news comes amid analyst speculation of low product sales.

    By July 28, 2022
  • A man and woman looking at receipts inside a cafe
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    Ridofranz via Getty Images

    Study: Over one-third of restaurant operators implementing hiring freezes

    Despite an ongoing labor shortage, 4% of small restaurant owners said they are cutting staff, a July Alignable report also found. 

    By July 28, 2022
  • A woman and man at a cash register
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    Courtesy of Chipotle

    Chipotle plans 4% menu increase in August

    The price hike will help offset rising operating costs due to increased wages and inflation, especially around dairy, tortillas and packaging.  

    By July 27, 2022