The Casual – Dining Chain Remains Thoughtful about Sustainability and Giving Back to Local Communities . . . . Snooze Fuels Growth with Impactful ESG Strategy Snooze an A.M. Eatery first opened in 2006. What began in Denver, Colorado, has grown to 52 locations across nine states, and there are plans for an additional eight… read more
Global Foodservice News
What Will Food Halls Look Like After the Pandemic?
Traffic at Revival Food Hall in Chicago’s Loop neighborhood hasn’t fully rebounded to its pre-pandemic levels. But people have been steadily returning for office lunches, after-work drinks, and dinners as more workers return to the office and embrace habits of the past. By March, traffic had nearly doubled over January, when the Omicron variant was… read more
Wingstop looks to buoy sales with new chicken sandwich, Uber Eats
Wingstop Inc. is pulling sales levers like the introduction of a chicken sandwich in September and adding the third-party delivery platform Uber Eats to its DoorDash channel as it enjoys deflation in the price of wings, company executives said Thursday. Addison, a Texas-based company, which released its earnings for the second quarter ended June 25,… read more
The FSR Growth 23: These Restaurants Defied the Pandemic Odds in 2020
In many ways, the pandemic was a great equalizer for full-service restaurants. It didn’t matter whether a restaurant specialized in Mexican cuisine or sushi, barbecue or vegetarian fare. And just the same, longevity and size had a marginal bearing on how well a brand navigated the crisis. A new, relatively small upstart could fare just… read more
Chipotle Investing in ‘Fundamentals’
Chipotle Mexican Grill, Inc. is investing in “being brilliant at the basics” after the fast-casual chain experienced a slowdown in sales during the latter half of the recent quarter, said Brian R. Niccol, chairman, and chief executive officer. A newly launched operations initiative focuses on retraining employees on the fundamentals of the business. “These fundamentals… read more
To many Americans, it might feel like COVID-19 is in the rearview mirror
But for The Cheesecake Factory, the virus is as real as ever. It’s COVID, and not the country’s economic turmoil, that has been causing the 308-unit casual-dining operator’s business to fluctuate from month to month and market to market, said CFO Matthew Clark on Wednesday. “When you see the cases move up, you see sales… read more
Wingstop saw traffic fall in the second quarter as inflation rose
Something unusual happened at Wingstop in the second quarter: Its same-store sales, which have been positive on an annual basis for 18 consecutive years, declined. Domestic comps at the 1,858-unit chicken wing chain fell 3.3% in the period ended June 25, which executives attributed to a “perfect storm” of factors, including tough comparisons to a… read more
Slower traffic at Texas Roadhouse this summer could be a Good Sign
If the chain’s executives are right, the 0.8% year-over-year decline simply means customers are getting back to their normal routines, governed by work schedules and summer vacations that have traditionally made the 680-unit steakhouse chain a bit less busy in the warmer months. “It really has felt like we’ve got back to a more seasonal… read more
The National Restaurant Association Demanding SBA release $180 million
More than a year after the U.S. Small Business Administration revealed its Restaurant Revitalization Fund had run out of money, federal watchdogs say they’ve found $180 million still in the kitty, prompting industry advocates to demand the aid be distributed immediately. “Now more than ever, every dollar appropriated by Congress for restaurant relief needs to… read more
Snooze Fuels Growth with Impactful ESG Strategy
Snooze an A.M. Eatery first opened in 2006. What began in Denver, Colorado, has grown to 52 locations across nine states, and there are plans for an additional eight locations in less than a year. A key pillar to expansion over the years has been a focus on environmental, social, and governance (ESG) strategy. Chief… read more