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Financing

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

Financing

Explaining the charges against Fat Brands Chairman Andy Wiederhorn

 By Jonathan Maze on May 14, 2024

The creator of the owner of Twin Peaks, Fazoli’s, Fatburger and other chains was charged in a $47 million false loan scheme and sued by the SEC for misusing company funds. Here’s what we know.

Financing

What did the Starbucks CEO expect?

 By Jonathan Maze on May 14, 2024

The Bottom Line: Howard Schultz needed just one bad quarter to make public his displeasure with the coffee shop chain. But the stage was set for that two years ago.

Financing

Red Lobster to file for bankruptcy this month, report says

By Joe Guszkowski on May 14, 2024

A filing could come as early as next week, according to the Wall Street Journal. The seafood chain closed dozens of restaurants in recent days.

Financing

Fat Brands files confidentially to take Twin Peaks public

By Heather Lalley on May 14, 2024

The multi-concept restaurant operator said it would also like its Smokey Bones barbecue concept to become a public company.

Financing

A prominent McDonald's franchisee sues the brand, claiming it wants him out of the system

By Jonathan Maze on May 13, 2024

George Michell, who owns some of the brand’s most successful locations, claims the company is using its new franchising standards to force him to sell his restaurants.

Financing

Red Lobster closes dozens of locations nationwide as bankruptcy looms

By Joe Guszkowski on May 13, 2024

The wave of at least 99 closures across the country comes as the seafood chain is reportedly planning to file for bankruptcy.

Financing

Federal prosecutors accuse Andy Wiederhorn of misusing company funds

By Jonathan Maze on May 10, 2024

The chairman of Fatburger owner Fat Brands was accused of engineering a $47 million false loan scheme, draining the company of revenue to the point that it struggled to pay its bills.

Financing

Here's a business tool to keep restaurant executives employed after a tough Q1

By Peter Romeo on May 10, 2024

Reality Check: The first three months of 2024 weren’t easy on restaurant chains, but spin-doctoring proved to be. Indeed, there must have been a run on shovels.

Financing

Earnings roundup: One Group, Topgolf, Potbelly, Chuy's, PFG, Bombshells, Olo, Toast

By Joe Guszkowski, Peter Romeo and Lisa Jennings on May 10, 2024

A look beyond the most recent results for big restaurant brands shows customers cutting back nearly across the board.

Financing

Investors regain their taste for Sweetgreen

By Jonathan Maze on May 10, 2024

The Bottom Line: The salad chain’s stock rose 34% on Friday after sales and profitability were better than expected. The company’s shares are above its IPO price for the first time in two years.

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