Financials
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Layne’s Chicken Fingers thinks it has what it takes to go national
Cane’s. Dave’s. Now Layne’s? A small Texas chicken chain wants to be the next big thing. Multi-unit operators, a simple menu and a premium product could make it happen.
By Aneurin Canham-Clyne • March 11, 2026 -
Cracker Barrel reports steepest traffic decline since botched rebrand
Despite focusing on menu quality and value, the chain reported a 10% traffic drop nearly six months after it attempted to remove its iconic Uncle Herschel from its branding.
By Julie Littman • March 5, 2026 -
Red Lobster hires former P.F. Chang’s CEO as CFO
Brad Hill will oversee the chain’s finances and real estate strategy as it focuses on long-term growth.
By Julie Littman • Updated March 3, 2026 -
Deep Dive
Why are leading fast casuals primarily company owned?
Franchising is the primary model for development in fast food, but different market dynamics prevail in fast casual.
By Aneurin Canham-Clyne • March 2, 2026 -
Papa Johns will close 300 restaurants
As part of its transformation, the chain will close units that are over 10 years old with AUVs under $600,000 and has already cut 7% of its corporate staff.
By Julie Littman • Feb. 26, 2026 -
First Watch CFO to retire
Mel Hope led the breakfast chain’s fiscal operations through a pandemic, an IPO and high inflation. His successor faces a strained consumer environment.
By Aneurin Canham-Clyne • Feb. 24, 2026 -
Domino’s loyalty program fuels carryout growth
“We stated before that our objectives with the loyalty program was definitely to cater much more to the carryout customer and also to attract light users,” CEO Russell Weiner said.
By Bryan Wassel • Feb. 24, 2026 -
‘This is not personal. It’s business’: Why an expert says the clock is ticking for Fat Brands’ CEO
Andrew Wiederhorn’s days as CEO could be numbered if creditors successfully argue conflict of interests exist, bankruptcy expert Jerrold Bregman said.
By Julie Littman • Feb. 23, 2026 -
Wendy’s is ‘undervalued’ and could face takeover by Nelson Peltz
The former Wendy’s board chair is considering taking action at the chain, where stock prices have fallen 60% over the past five years.
By Julie Littman • Feb. 19, 2026 -
Why Jack in the Box bets parking lot paint can cure sales
The chain hopes improvements to product quality and restaurant cosmetics will reverse sliding same-store sales and help prepare for a full remodel program.
By Aneurin Canham-Clyne • Feb. 19, 2026 -
Fat Brands sued by lender over cash use during bankruptcy
352 Capital contests Fat’s plan to use management fees and other cash under securitization receivables to fund operations during Chapter 11 proceedings.
By Julie Littman • Feb. 19, 2026 -
NRA: Restaurant, foodservice to surpass $1.5 trillion in sales
While challenges related to the economy and food and labor costs will persist, the National Restaurant Association said operators are cautiously optimistic.
By Julie Littman • Feb. 17, 2026 -
Popeyes hopes restaurant-level reliability will turn sales around
The chain, which saw comp sales decline by 4.9% in Q4, has already improved field engagement and targeted support for underperforming restaurants.
By Julie Littman • Feb. 13, 2026 -
How McDonald’s won back low-income diners
Over a year after it began rolling out various value options, the chain is seeing improved scores on affordability and notched 6.8% comparable sales growth in the fourth quarter.
By Julie Littman • Feb. 12, 2026 -
‘Personal attack’: Fat Brands cries foul over plan to oust CEO
The Fatburger owner admitted to making a mistake in selling shares of Twin Hospitality without court approval, but argued the call for Andrew Wiederhorn’s removal should be denied.
By Julie Littman • Feb. 10, 2026 -
HTeaO appoints Darden vet as CFO
Chris Phillips, who also worked at Popeyes, will oversee finance and strategic planning as the Texas-based drive-thru chain grows past 150 units.
By Julie Littman • Feb. 10, 2026 -
Fat Brands CEO Andy Wiederhorn faces ouster by lenders
The chief executive’s on-again-off-again tenure at Fat is under threat after a sale of Twin Hospitality stock, which creditors allege was irregular.
By Aneurin Canham-Clyne • Feb. 9, 2026 -
Golden Gate Capital sells Bob Evans Restaurants
Unit count declined over the past six years at the family dining chain, but new owner 4x4 Capital plans to maximize the brand’s long-term growth potential.
By Julie Littman • Feb. 6, 2026 -
Jack in the Box goes on defense in Biglari proxy battle
The fast food chain is urging shareholders to reject an attempt from the activist investor to unseat the board chair.
By Julie Littman • Feb. 5, 2026 -
McDonald’s appoints field, finance execs
In addition to the naming Luis Quintiliano as U.S. field president, the Golden Arches is rotating responsibilities between two finance executives.
By Aneurin Canham-Clyne • Feb. 5, 2026 -
Pizza Hut to close 250 stores
About 4% of the chain’s U.S. store system will close during the first half of this year as Yum Brands continues a strategic review of the ailing QSR.
By Aneurin Canham-Clyne • Feb. 4, 2026 -
Fat Brands gets dropped from Nasdaq amid bankruptcy
Stocks will cease trading on Feb. 4, at which time they will begin selling on an over-the-counter market, where sales are typically managed by brokers.
By Julie Littman • Feb. 2, 2026 -
A large Subway operator declares bankruptcy
MTF Enterprises, which operates 43 units, alleges that Merchant Cash Advance lenders improperly interfered with its revenue, leading it to file for Chapter 11.
By Aneurin Canham-Clyne • Feb. 2, 2026 -
3 reasons Fat Brands filed for Chapter 11
Beyond its complicated debt situation, economic challenges and ongoing litigation worsened Fat’s financial stability.
By Julie Littman • Jan. 28, 2026 -
Fat Brands files for Chapter 11
This move comes months after creditors pushed for it to pay $1.3 billion in debt, and marks the first major restaurant franchisor bankruptcy of 2026.
By Julie Littman • Updated Jan. 27, 2026