But the sandwich chain has long wanted to add a burger to the menu without adding extra equipment or capital expense. “At Arby’s, we like to innovate around products that exist in the category but people are settling for billions instead of the best,” said CMO Patrick Schwing. “We saw an opportunity to create a… read more
Menu prices rose at an accelerating rate in May, with customers typically paying 7.4% more for an item than they did a year ago, according to new government figures. The year-over-year increase was the sharpest upswing in restaurant prices since 1981, the U.S. Bureau of Labor Statistics (BLS) noted in updating the Consumer Price Index… read more
The Miami-based Fresh Dining Concepts, which owns approximately 160 Auntie Anne’s, Carvel, Cinnabon, and Jamba locations in 17 states and Washington, D.C., received a $44 million capital injection from Franchise Equity Partners, a relatively new private investment firm looking to provide finances to growing franchise businesses. True to the company’s philosophy, the multi-million-dollar investment is a minority stake and permanent in… read more
This isn’t a good week for customers who enjoy eating inside fast-food restaurants. Earlier this week, Taco Bell debuted its newest prototype, which it calls “Defy.” It is a two-story purple palace devoted almost entirely to the automobile. There is a kitchen on the second floor that delivers food to waiting cars below through a… read more
Over the last year, safety and sanitation have been primary focuses within the restaurant industry. A new dedication to these practices emerged as a direct result of the COVID-19 pandemic, with patrons more concerned than ever about the quality and cleanliness of where they are getting their food. In the drive to create comfortable and… read more
In the summer of 2020, it seemed as if the eatertainment industry was headed for disaster. With dining rooms closed and no one heading out to play games, brands like Dave & Buster’s were put in dire straits. The chain warned of laying off 1,300 workers across seven states and foreshadowed a potential bankruptcy. Flash forward… read more
In addition to double-digit sales growth, the eatermtainment chain set new marks for revenue, adjusted ebitda, and net income . . . Dave & Buster’s Comeback Reaches Record Level In the summer of 2020, it seemed as if the eatertainment industry was headed for disaster. With dining rooms closed and no one heading out to… read more
Fast Food Chains May Soon Guess Your Gender When You Order. Here’s Why Not sure what to order at your favorite fast-food chain? That’s okay because a new artificial intelligence software already does — or at least, it thinks it does, based on how you look. As demoed during the 2022 National Restaurant Association Show,… read more
Beef ‘O’ Brady’s, like others in the restaurant industry, is wading through an unprecedented macroeconomic environment. In response, the 142-unit sports bar is firing back with some unprecedented numbers of its own. The brand’s same-store sales rose 12.9 percent in the first quarter year-over-year, boosting it to a record-breaking $1.5 million in AUV. The top quartile… read more
Featuring 235 seats and occupying a prime corner in the historic Gaslamp Quarter neighborhood, LAVO San Diego will bring Tao Group Hospitality’s trademark attention to detail where every aspect is not only paid attention to, but amplified, from food and cocktails to design. The restaurant, located in the prominent former Searsucker space on the corner… read more