Business Strategy and Profitability News
Report: Restaurant guests want loyalty programs, online ordering
November 23, 2020
A hefty majority of restaurant goers, 93 million, would spend more in a restaurant offering loyalty and online ordering, according to a Paytronix Systems, Inc.
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Paytronix debuts subscription program for restaurants, c-stores
November 11, 2020
Paytronix Systems Inc., a digital guest experience platform, has launched Paytronix Subscriptions to make it easy for restaurants and convenience store brands…
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Grubhub, Restaurant Strong team on $2M grant support program
November 9, 2020
Grubhub, a food order and delivery platform, and The Gregg Hill Foundation's Restaurant Strong Fund, are teaming up on a $2 million support program providing…
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Papa John's reports 450% increase in year-over-year EPS
November 5, 2020
Papa John's third-quarter results beat estimates on revenue and came in largely as expected on quarter diluted EPS of 35 cents a share, showing the relative…
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When less (contact) is more: Pizza Inn brings back buffet to-go
October 30, 2020
Pizza Inn is bringing back its contactless off-premise buffet option, just in time for colder weather in many parts of the country and as the number of…
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Bankruptcy reorganization plans approved for CPK, Chuck E Cheese
October 30, 2020
Three U.S. pizza restaurant brands at two companies are moving forward with their bankruptcy reorganization plans, thanks to court approval of outlines…
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Taco Bell ticks up Yum Brands Q3 results
October 29, 2020
Yum Brands revealed third-quarter results Thursday that made clear the power of the Taco Bell brand for the Louisville, Kentucky-based company. Worldwide…
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American Egg Board debuts recovery program for small chains
October 14, 2020
The American Egg Board is launching a foodservice recovery program aimed at driving traffic to independent restaurants and small chains still struggling due to…
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Papa John's preliminary North American Q3 comp sales soar 23.8%
September 29, 2020
Preliminary estimated comp sales for Papa John's third quarter indicated that the North American systemwide comp sales grew 23.8% for the three months that…
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Papa John's moving many HQ functions to Atlanta
September 17, 2020
Papa John's said it will open a global headquarters in Atlanta, Georgia, to handle menu creation, marketing, HR, communications and development, according to a…
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Chuck E Cheese parent strikes bankruptcy plan agreement with creditors
September 8, 2020
Chuck E. Cheese parent company, CEC Entertainment Inc. has struck an agreement with two-thirds of its first-lien creditors to support a bankruptcy plan…
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Blaze opens Northeast Texas store
September 2, 2020
Blaze Fast-Fire'd Pizza will open Friday in Grand Prairie, Texas. The State Hwy 161 store will offer dine-in, carryout via pick-up or curbside service, as well…
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Yum China launches Hong Kong Stock Exchange public offering
August 31, 2020
Yum China Holdings Inc. is launching its Hong Kong public offering today, which a news release said forms part of the global offering of 41,910,700 new shares…
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Restaurant chain transaction decline on healthier track
August 26, 2020
Customer transaction declines at major restaurant chains improved in the week ending August 16, moving into single digits after 21 weeks of double-digit…
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Papa John's August international sales up 23%
August 25, 2020
Papa John's International Inc.'s preliminary estimated comp sales grew slightly more than 24% in North America, year over year period, while internationally…
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US Foods debut ghost kitchens to help food operators drive revenue, expand with ease
August 19, 2020
US Foods is launching a ghost kitchen program in a quest to help restaurant operators expand off-premise dining and create a new revenue stream at the same…
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Payment speed top of mind for business owners
August 5, 2020
Although small business owners have increased their technology spend in the past two years, 39% said they still spent at least five hours per week dealing with…
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NRA: 'Second wave of closings hinders recovery efforts'
July 27, 2020
The National Restaurant Association wants all U.S. governors and mayors to know the restaurant industry has maintained an "unwavering commitment to customer…
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Discover commits $5M to support Black-owned restaurants
July 6, 2020
Discover Financial Services has committed $5 million to provide assistance to Black-owned restaurants in the U.S. in the form of $25,000 grants for…
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US franchise giant files Chapter 11; its Pizza Hut, Wendy's locations remain open
July 1, 2020
With more than 1,200 Pizza Hut locations and nearly 400 Wendy's stores, NPC International Inc. is the nation's largest restaurant concept franchisee by units.
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