Global Foodservice News
QDOBA is Planning a major expansion of restaurants.
The Mexican restaurant brand is planning to open 40 new restaurants this year, 60 in 2024, and 80 plus annually beginning in 2025, according to the company. “QDOBA is an exceptionally well-positioned brand in one of the most attractive restaurant categories,” said John Cywinski, chief executive officer of Modern Restaurant Concepts, QDOBA’s parent company. “We…
Read MoreFlynn Restaurant Group adds Wendy’s to its fledging international portfolio
Flynn has signed a master franchise agreement to develop 200 Wendy’s restaurants in Australia by 2034 . . . . . During Wendy’s Q2 earnings call Wednesday, Todd Penegor noted the company’s international success as evidenced by a 7.2% increase in the division’s same-store sales. These numbers, he said, are driving interest in development “from…
Read MoreKrispy Kreme is relying more and more on retail partnerships to spread omnichannel access.
Krispy Kreme’s revenue grew by 9% for the second quarter, thanks to 462 new points of access, with help from burgeoning restaurant and retail relationships like McDonald’s, Amazon, and Costco . . . . Krispy Kreme grows with a boost from partnerships like McDonald’s and now Amazon Fresh Krispy Kreme’s revenue grew by 9% for…
Read MoreDiving deep into restaurants’ estimated sales per unit
Every year, Nation’s Restaurant News and Datassential partner to present The Top 500, the definitive sales ranking of restaurants in America. We also look at unit and estimated sales per unit (ESPU) data in this report. Three of the restaurants with the fastest-growing ESPUs in 2022 were also among the 10 biggest brands by this…
Read MoreRestaurant Turnover Still remains High
How Restaurant Kitchen Automation Can Optimize Labor and Improve Customer Service One of the biggest challenges since the global pandemic began has been the lack of available workforce, particularly in the restaurant and hospitality industry. According to the US Bureau of Labor Statistics for the Leisure and Hospitality space, businesses have had to make up…
Read MoreNORMS is elevating its menu while also staying true what made it an icon
SoCal Legend NORMS Ready for Next Evolution THE BRAND IS LOOKING AT LAS VEGAS AS IT PREPARES FOR A BOLD FUTURE. Eric Wyatt gathered NORMS managers at a leadership event in Arrowhead, California. This wasn’t just GMs: service managers, kitchen managers, and support center employees flocked to hear the legacy chain’s new executive. “You can’t…
Read MoreGlobal Foodservice News – August 1, 2023 Edition
Chick-fil-A to build new restaurant concepts in Atlanta and New York City Chick-fil-A announced that it will develop two new restaurant concepts in the Atlanta metropolitan area and New York City. The quick-service restaurant company will test an elevated drive-thru and a digital walk-up concept. The concepts, scheduled to open in 2024, are designed to…
Read MoreTHE EXECUTIVE TOLD INVESTORS ‘THE SWING FACTOR PINPOINTs THE COMPANY’S TRUE VALUE
Just Eat Takeaway.com told investors Wednesday that it’s having issues with selling Grubhub because of delivery fee caps and a pending lawsuit in New York City. CEO Jitse Groen said the company has talked with interested parties, but they’ve been “complicated conversations.” He added that fees caps are preventing Just Eat from fetching a “decent…
Read MoreTriArtisan Capital Advisors managing director Rohit Manocha named interim CEO
Damola Adamolekun to step down as CEO of P.F. Chang’s China Bistro Damola Adamolekun is stepping down as CEO of P.F. Chang’s China Bistro effective Aug. 1, the Asian-influenced casual dining chain said Monday. Rohit Manocha, co-founder and managing director of TriArtisan Capital Advisors, an owner of P.F. Chang’s, has been named interim CEO while…
Read MoreBrand marketing experts talk about their own experiences and how others can build successful careers in the restaurant industry
How do you Become a Restaurant Marketing Executive? City Barbeque’s Annica Conrad advises marketing professionals to seek out mentors who can help them throughout their careers, and take advantage of networking and growth opportunities. Jennifer Faren, vice president of marketing for Hopdoddy Burger Bar, grew up working in her family’s restaurant and developed a lifelong…
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