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Created by Oregon coffee pioneers Jim and Patty Roberts, this two-unit concept blamed an accumulated debt burden since Covid. Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. By submitting this form, you agree to receive automated ...
Top 500 Chains - Restaurant Business
The Top 500 Chain Restaurant Report is a measure of the largest restaurant concepts by U.S. systemwide sales, based on results from the 2019 calendar year. Relevant information is accrued using a combination of public company financial filings, direct operator surveying, franchise disclosure documents and proprietary valuation algorithms.
The largest burger chains in the U.S. - Restaurant Business
May 13, 2020 · Financing The largest burger chains in the U.S. These are the highest-grossing burger chains among Technomic's Top 250. By Restaurant Business Staff on May 13, 2020
The biggest pizza chains in the U.S.
Jun 1, 2022 · Here are the pizza chains that generated the most sales last year, according to the Technomic Top 500 Chain Restaurant Report. 2022 Rank. Chain Name. 2021 US Sales ($000,000) 2021 US Units. Source: Technomic's Top 500 Chain Restaurant Report; *Technomic estimate. Members help make our journalism possible.
Dan Cathy steps down as Chick-fil-A CEO - Restaurant Business
Sep 16, 2021 · Dan Cathy, who guided Chick-fil-A through an incredible run of growth despite a changing industry landscape and controversial comments over gay marriage, will step down as the chain’s CEO, effective Nov. 1. His son Andrew Truett Cathy will take over the top job, becoming only the third CEO in the Atlanta-based chain’s history, following his ...
A struggling franchisee closes 25 KFC restaurants in the Midwest
Aug 22, 2024 · EYM Group, a multi-concept operator that has closed dozens of units and placed others into bankruptcy protection, has closed more than two-dozen KFC restaurants in Illinois, Indiana and Wisconsin. KFC confirmed local reports of the closures, including a pair of units in Indianapolis and several near Rockford and Peoria, Illinois.
The story behind Crumbl Cookies’ sweet success - Restaurant …
May 4, 2022 · Sales are up nearly 500% since 2019. But there is a real foundation here. Crumbl’s locations average $1.7 million and generate more than $350,000 in net profit by largely selling just cookies. It also has a massive social media following. McGowan talks about the company’s unique formation, its quick rise and the strategy behind its success.
Inspire Brands completes its $11.3B acquisition of Dunkin’
Dec 15, 2020 · Inspire Brands completed its $11.3 billion acquisition of Dunkin’ Brands on Tuesday, creating one of the largest restaurant operating companies in the country while giving the Roark Capital-owned company a larger, global reach. Dave Hoffmann, who had been Dunkin’ Brands CEO, was named a special advisor to Inspire CEO Paul Brown and will ...
KFC reveals its new ‘Quick Pick-Up’ service as drive-thru waits soar
By Jonathan Maze on Nov. 16, 2021. With drive-thru wait times taking off amid labor challenges and heavy demand, KFC is trying a different strategy: Convince customers to come inside. Specifically, the chain on Tuesday debuted its new “Quick Pick-Up” service, which provides customers with designated parking spaces and pick-up shelves inside.
What is the right way to account for employee meals? - Restaurant …
Dec 16, 2022 · It is very difficult in this case to get the BOH to follow this policy. We then ask them to write their meals on a clip board so that we can approximate the COGS on a weekly or monthly basis and input to an expense line on the P&L. It is a mixed system but does work for some restaurants.”. Once you are set up accounting-wise, Sigel emphasizes ...