Financing

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

Kamala Harris pledges to help more restaurants and other small businesses get off the ground

By Peter Romeo on Sep. 05, 2024

In a campaign speech Wednesday, the Democratic candidate promised to raise the tax credit for startups to $50,000, from the current $5,000. She also vowed to cut the red tape new ventures face.

Financing

Red Lobster set to exit bankruptcy after court approval

By Joe Guszkowski on Sep. 05, 2024

A judge cleared the way for the seafood chain to be acquired by Fortress Investment Group, which has a plan to revitalize the chain.

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Financing

Restaurant buyers have little interest in actual restaurants

By Jonathan Maze on Sep. 05, 2024

The Bottom Line: There is a clear line in what restaurant chain buyers want right now. They want franchisors, not the restaurants themselves.

Financing

Pinstripes warns of staff cutbacks after a challenging quarter

By Peter Romeo on Sep. 05, 2024

The bocce-and-bowling concept is aiming to reduce overhead by another $4 million, after cutting unit-level expenses by $10 million in the first quarter.

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Financing

Most customers think restaurants are getting expensive

By Jonathan Maze on Sep. 04, 2024

The Bottom Line: A pair of studies by Revenue Management Solutions provide a sobering look at the views of consumers on restaurant prices and their dining habits.

Financing

Value and cups appear to be helping McDonald's regain customers

By Jonathan Maze on Sep. 04, 2024

Surveys and traffic data suggest that the Chicago-based fast-food chain has improved its results in recent weeks, thanks to a value meal and Collectors’ Cups.

Financing

The story behind the fast-growing sandwich chain Cheba Hut

By Jonathan Maze on Sep. 04, 2024

A Deeper Dive: CEO Marc Torres joins the Restaurant Business podcast to talk about how the chain keeps customers after its pot-themed marketing gets them in the door.

Financing