It might be time for restaurants to pay attention to traffic again, says The Bottom Line. Starbucks is adding its voice to the push for voting rights. And Panda Express is testing a plant-based take on a classic dish.
The SBA is pulling the plug on the RRF, Taco Cabana is being sold, and Red Lobster has a new CEO. We’ll recap all the restaurant news you might have missed over the long weekend, and there’s a lot of it.
Panera is selling Au Bon Pain again, DoorDash acknowledges that most customers would rather order directly from a restaurant, and Jack in the Box is reversing its refranchising push of the last 30 years.
Chicken thighs will likely become a permanent part of Wingstop’s menu. McDonald’s long-awaited loyalty program is almost ready for prime time. And Krispy Kreme wants to raise up to $640 million with its IPO.
McDonald’s has a new celebrity meal combo, and restaurants are getting closer to applying for federal aid—and to settling up with their landlords. This is RB Daily, a daily look at the industry’s top news from the editors of Restaurant Business.
Texas Roadhouse has named a successor to its CEO post, following the death of Kent Taylor. Restaurants should expect third-party delivery business to slow. And Chicago is hoping to encourage outdoor dining.
California is telling Burgerim to pay up. Terrible weather in the South forced Cracker Barrel to close more than 100 restaurants. And Chick-fil-A continues to win the biggest share of the growin chicken sandwich market.
The Paycheck Protection Program is restarting, restaurants lost 372,000 jobs as dining rooms closed in December, and a new company has been formed by industry veterans to buy potential growth vehicles.
The industry’s largest franchisee is looking to add 1,300 restaurants, Burger King’s largest franchisees is giving up its first shot at units that come up for sale, and Potbelly tempers its closing projection to a quarter of the prior tally.
An Applebee’s franchisee has filed for bankruptcy, winter is threatening to chill consumer spending, and restaurants urge governments to think hard about new data before they roll back dining room capacities.
McDonald’s Travis Scott partnership is straining its supply chain, Dave & Buster’s lays off 1,300 workers and Chuck E. Cheese wants to destroy 7 billion prize tickets. In other words, just another day in the restaurant industry.
Restaurants out West are now closing patios because of unsafe air from wildfires, Pennsylvania operators are getting a federal reprieve from further shutdowns, Cracker Barrel has thwarted Sardar Biglari’s board appointment and McDonald's debuts a new menu item as it ramps up its marketing efforts.
The coronavirus is having all kinds of impacts on the restaurant industry. Some restaurants are adding UV lights to boost safety, while others are trying new ways to improve staff retention. Meanwhile, the pandemic might be causing more people to move out of cities, which is also affecting restaurants.
Editor-in-Chief Jonathan Maze and Editor at Large Peter Romeo discuss PPP borrowers potentially getting a shot at a second loan, Wingstop's second quarter growth, hiring issues stymying Denny's operating hours and more.
"RB Daily" is a new daily podcast delivering the latest restaurant industry news and insights hosted by the editors of Restaurant Business Magazine. In the inaugural episode, Editor-in-Chief Jonathan Maze and Editor at Large Peter Romeo discuss McDonald's latest store closures, Chipotle's mask mandate and more.