Sales and traffic fell for many brands, like Starbucks and McDonald’s, but fast casuals like Chipotle and Cava had a good year.
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Red Lobster closed over 100 stores prior to filing for bankruptcy, while other chains like Denny’s, which is closing 150 underperforming units, are using closures to improve system health.
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Rental delinquencies were up 11% last month compared to 2023 as operators struggled with rising operating costs, according to Alignable.
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Opening Monday in Orlando, Florida, Saucy focuses on chicken tenders and will use order-ahead pickup technology to boost speed and efficiency.
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From a CEO-ouster at Starbucks to pressure on The Cheesecake Factory to spin off smaller brands, activist investors took dramatic measures to boost shareholder value in 2024.
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Deep Dive
The channel provides establishments such as Momofuku and Carbone with new revenue streams and an opportunity to connect more consumers.
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Quick service restaurants are facing unprecedented challenges—from rising wages and food costs to economic uncertainty among core customers. Learn how to stay competitive in this report.
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