Restaurant News Roundup, 04/11/2024

California restaurants are now dealing with the ripple effect of the minimum wage hike for fast food workers.  Restaurants of all sizes are reassessing their operations to adapt to the changed economic climate.  Read more here: https://www.nrn.com/workforce/delivering-digital-restaurant-california-wage-law-sends-ripples-through-restaurant   Chick-fil-A’s non-mall eateries last year generated average unit revenues of $9.4 million, according […]

Restaurant News Roundup, 11/07/2022

Restaurants are seeing increased sales by offering more meatless options on their menus. Mexican-style dishes made with alternative proteins or meat substitutes are among the most popular.  Read more here: https://www.restaurantbusinessonline.com/food/trending-plant-based-dishes-add-menu   First Watch, the Florida-based breakfast chain, enjoys solid sales growth by attracting Millennial and Gen Z customers who […]

Restaurant News Roundup, 01/11/2022

The sports bar chain, Wings and Rings, says it will accept bitcoin to sell a franchise – possibly the first restaurant chain offering to sell franchises for cryptocurrency.  Read more here: https://www.restaurantbusinessonline.com/financing/why-wings-rings-accepting-bitcoin-franchisees   Chipotle ramps up its technology capabilities to monitor its supplies, food item preparations and even streamlining its […]

Restaurant News Roundup, 04/21/2020

Ruth’s Chris Steakhouse, Shake Shack are among the national restaurant chains criticized for getting millions of dollars in grants from the multi-billion dollar federal Paycheck Protection Program, crowding out smaller restaurants from the now exhausted fund.  Read more here:  https://www.washingtonpost.com/business/2020/04/20/white-house-gop-face-heat-after-hotel-restaurant-chains-helped-run-small-business-program-dry/   An estimated 8 million restaurant workers have been furloughed […]

Restaurant News Roundup, 7/17/2019

Chipotle and Shake Shack stocks up by more than 60% so far this year, the two top performers in the restaurant industry where overall stocks are up just 11% because of weak sales and higher labor costs.  Read more here: https://www.restaurantbusinessonline.com/financing/chipotle-shake-shack-lead-restaurant-stocks   Subway is expected to provide franchisees with more than […]

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