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How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

Endless Shrimp becomes pivotal issue in Red Lobster bankruptcy

 By Joe Guszkowski on May 21, 2024

The chain’s CEO alleged that the deal may have pushed more shrimp business to owner Thai Union Group at Red Lobster’s expense, setting the stage for a messy Chapter 11 proceeding.

Financing

Red Lobster's CEO is questioning the company's relationship with its owner

 By Jonathan Maze on May 21, 2024

The casual-dining chain, which filed for bankruptcy this week, is probing whether its former CEO steered all its shrimp purchasing through the company's owner, Thai Union, a shrimp supplier.

Financing

Brands need to think creatively as the industry heads into a value war

By Jonathan Maze on May 21, 2024

The Bottom Line: Giving customers meal options they can afford will be key to generating traffic this year. But make sure those offers can generate a profit.

Financing

The Red Lobster bankruptcy is a seminal moment for the restaurant business

By Jonathan Maze on May 20, 2024

The Bottom Line: The seafood chain’s bankruptcy declaration was not surprising after months of closures and Endless Shrimp recriminations. But that doesn’t make it any less notable.

Financing

Struggling Red Lobster declares bankruptcy

By Jonathan Maze on May 20, 2024

The casual-dining seafood chain, with $300 million in debt, filed for Chapter 11 bankruptcy protection in one of the biggest filings in restaurant industry history.

Financing

Cracker Barrel plans to invest $700M in a massive 'transformation'

By Peter Romeo on May 17, 2024

With traffic down 16% year-to-date, the family dining chain is embarking on a rejuvenation effort to enhance its relevance to new and lapsed customers.

Financing

Burger King is now its own biggest operator, for now

By Jonathan Maze on May 17, 2024

The fast-food chain has completed its acquisition of Carrols Restaurant Group, its largest franchisee. The deal will help the brand speed remodels and change its model of franchisee ownership.

Financing

Frustrated fast-food customers are apparently heading to Walmart

By Jonathan Maze on May 17, 2024

The retail giant suggested its value is pulling customers away from restaurants, where menu prices continue to increase.

Financing

How Popeyes changed the chicken business

By Jonathan Maze on May 17, 2024

How did a once-struggling, regional bone-in chicken chain overtake KFC, the formerly dominant player in the U.S. market? With a fixation on sandwiches and many more new restaurants.

Financing

Get ready for a summertime value war

By Jonathan Maze on May 17, 2024

The Bottom Line: With more customers opting to eat at home, rather than at restaurants, more fast-food chains will start pushing value this summer.

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