Business Strategy and Profitability News
Tyson Foods boosts Q3 2021 sales, earnings
August 10, 2021
Tyson Foods Inc. reported improved sales and earnings for the three months ending July 3, 2021 compared to Q3, 2020, according to a press release.
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US Foods reports improved sales, earnings for Q2 2021
August 10, 2021
US Foods Holding Corp. reported strong sales and earnings for the second quarter of 2021 ending July 3 as markets lifted in-person dining restrictions on…
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Donatos looking to expand across Greater Cleveland area
August 5, 2021
Pizza chain Donatos is aiming to expand across the Greater Cleveland area, opening locations in western Cuyahoga County within the next few years.
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Virginia pizza brand raises $7.5M to expand footprint
August 4, 2021
Pupatella, a Neapolitan pizza brand, aims to expand in the Washington, D.C. metro area and beyond with a $7.5 million investment from private investors.
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Synergy Restaurant Consultants launches training platform
July 29, 2021
Restaurant consultancy Synergy Restaurant Consultants has launched Synergy SYNC, an integrated cloud-based restaurant training and management platform that…
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Pizza Hut shuts down in Lebanon
May 24, 2021
Pizza Hut is closing its Lebanese locations as the Middle Eastern nation's situation deteriorates due to continued clashes between Israelis and Palestinians.
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Chicken shortage sends prices upward
May 6, 2021
Chicken prices have more than doubled year to date, and wing prices have set new records on account of a shortage, according to Urner Barry, a market research…
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Papa John's Q1 earnings make a Shaq-sized splash with investors
May 6, 2021
Like its brand spokesman, Shaquille O'Neal, Papa John's Q1 earnings were outsized, with earnings per share of 82 cents (90 cents adjusted EPS) compared to what…
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Minnesota pizza enterprise planning second food truck
April 20, 2021
Pizza Barn, a pizzeria in Princeton, Minnesota, is getting ready to launch a second food truck given the great response its initial food truck has experienced.
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Domino's to pay off debt with large recap transaction
April 5, 2021
Domino's Pizza Inc. said some of its subsidiaries will complete a recapitalization transaction to refinance a portion of their outstanding securitization debt…
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Bad February weather proves stormy for restaurant transaction activity
March 11, 2021
Severe weather in many areas of the U.S. in February didn't do much to resuscitate restaurant customer transactions at major chains which were already…
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RFIS postponed to August, Focus Brands president will keynote
March 1, 2021
Networld Media Group, the parent company of FastCasual, has postponed the Restaurant Franchising and Innovation Summit to Aug. 10-12, according to Cherryh…
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Everything's coming up pizza for Papa John's
February 26, 2021
Consumers in lockdown due to COVID-19 are staying busy ordering pizza at Papa John's given the brand's fourth quarter and full year financial results.
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SBA to have exclusive PPP loan application for small firms
February 22, 2021
Businesses with less than 20 employees can apply for coronavirus relief for 14 days starting Wednesday, according to a report in The Wall Street Journal.
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DoorDash restaurant grant program open to applicants
January 27, 2021
Restaurants in select U.S. states and Canada provinces, seeking relief due to the devastating business impact of COVID-19, can now apply to DoorDash's…
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Chuck E Cheese parent emerges from Chapter 11 with new owners, board
January 4, 2021
The parent company of Chuck E. Cheese and Peter Piper Pizza restaurants, CEC Entertainment, said it has emerged from it Chapter 11 process of financial…
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Papa John's doles out $2.5M bonus to front-line employees
December 30, 2020
The holidays are a bit brighter for Papa John's 14,000 front-line team members given an end-of-year bonus.
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Mobivity, Par Tech partner to drive digital transformation
December 15, 2020
Mobivity Holdings Corp., a provider of personalized customer engagement solutions, is partnering with Par Tech Inc., a point-of-sale software provider.
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NRA to Congress: 'Restaurants in economic free fall'
December 7, 2020
In a letter to congressional leadership, the National Restaurant Association said Monday that the restaurant industry is in an "economic free fall" and…
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California Pizza Kitchen emerges from Chapter 11
November 24, 2020
California Pizza Kitchen has completed its financial restructuring process and emerged from Chapter 11, with a strong position for "long-term growth,…
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