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Potbelly Celebrates 45 Years of Good Vibes and Toasty Sandwiches

Potbelly Corporation and its legion of fans across the country have another reason to rejoice in 2022.

This January, the brand is kicking off a milestone anniversary year, its 45th, sharing the joy of legendary hot, toasty sandwiches with its faithful following. To celebrate more than four decades of customer fanfare and the bonds that have been built in neighborhoods dotting the nation, Potbelly will be offering a Buy One, Get One sandwich deal. On Friday, Jan. 14, the official anniversary date, all customers who order an Original...

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Jan 11 9:08 AM, General News



Chipotle Launches Plant-Based Chorizo and New Lifestyle Bowls

Chipotle Mexican Grill today announced Plant-Based Chorizo is available for a limited time at U.S. locations. A new, craveable protein, Plant-Based Chorizo is made using all real, fresh ingredients grown on a farm, not in a lab. Starting today, the brand's latest menu innovation is available at U.S. restaurants and on the Chipotle app, Chipotle.com and third-party delivery partners.

The highly anticipated launch is backed by positive consumer engagement and fan excitement following a test of Plant-Based Chorizo in Denver and Indianapolis in August 2021...

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Jan 3 8:20 AM, General News


Portillo's Announces Appointment of Paulette Dodson to Board of Directors

Portillo's, the fast-casual restaurant concept known for its menu of unrivaled Chicago street food, today announced the appointment of Paulette Dodson, General Counsel and Corporate Secretary at Alight Solutions, to the Portillo's Board of Directors, effective immediately.

"Paulette is a strategic leader and talented legal mind who brings a wealth of knowledge and a passion for our iconic brand," said Mike Miles, Portillo's Chairman of the Board of Directors. "We're very excited to welcome her to the Portillo's board."

Ms. Dodson is an experienced legal executive...

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Dec 23 12:41 PM, General News


Wingstop Appoints First Chief People Officer

Wingstop today announced the appointment of Donnie Upshaw to Chief People Officer. Donnie joined Wingstop in 2018 and most recently served as Senior Vice President of People.

"After nearly 4 years of transformational leadership and growth, I'm thrilled to congratulate Donnie on this wonderful achievement," said Wingstop Chairman and CEO Charlie Morrison. "People are the foundation of our strategy and Donnie has made a tremendous impact on our talent framework and culture, which has propelled us forward with industry-leading growth."

Donnie has been instrumental in instilling The Wingstop Way...

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Dec 17 8:09 AM, General News


Chipotle to Open First Chipotlane Digital Kitchen

Chipotle Mexican Grill today announced its first Chipotlane Digital Kitchen restaurant in Cuyahoga Falls, Ohio. The new prototype offers a Chipotlane and walk-up window for efficient digital order pickup. Located at 994 Graham Road in Cuyahoga Falls, Ohio, the restaurant is scheduled to open later this month.

Chipotlane Digital Kitchen Design

The Chipotlane Digital Kitchen footprint is smaller than a traditional Chipotlane, with no dining room access for guests or a front line. The kitchen is equipped with a make line dedicated to digital orders placed through the Chipotle app and Chipotle.com...

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Dec 17 8:03 AM, General News


Velvet Taco Receives Significant Investment from Leonard Green & Partners

Velvet Taco (the "Company"), the popular Dallas-based restaurant concept serving up globally inspired tacos, today announced that Leonard Green & Partners, L.P. ("LGP") acquired a majority stake in Velvet Taco from L Catterton, the largest global consumer-focused private equity firm, and FB Society (formerly Front Burner Restaurants), which spearheaded the creation of Velvet Taco ten years ago. L Catterton and FB Society will retain significant minority ownership stakes in the business. Terms of the transaction were not disclosed.

Founded in Dallas in 2011, Velvet Taco is a...

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Nov 30 2:03 PM, General News


Smashburger® Collaborates With Celebrity Chef And Restaurateur Rick Bayless To Launch New Menu Items

Smashburger®, the better burger fast casual restaurant, announces the launch of its newest creation, the Chorizo Cheeseburger by Chef Rick Bayless. Developed in collaboration with the award-winning chef and restauranteur, and winner of Bravo TV's Top Chef Masters Chef Rick Bayless, the authentic Mexican-inspired burger is available at all Smashburger locations nationwide starting today through February 15, 2022. Throughout the duration of the limited time dish, Smashburger is encouraging guests to donate to the Frontera Farmer Foundation, a nonprofit organization established by...

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Nov 30 8:25 AM, General News


Freddy's Frozen Custard & Steakburgers Accelerates Growth With New Multi-Unit Deals

Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today it has signed four new multi-unit agreements with new and existing operators to bring more than a dozen new restaurants to New Jersey, Texas, Indiana, Kentucky, Tennessee and South Dakota. Year-to-date, Freddy's has executed a total of 13 multi-unit agreements adding nearly 70 new restaurants to the brand's overall development pipeline. This surge in franchise development is a reflection of the brand's aggressive growth strategy and will continue to accelerate expansion over the...

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Nov 12 8:00 AM, General News


BurgerFi's Ultimate Bacon Bash Proves Everything is Better with More Bacon

BurgerFi, one of the nation's fastest-growing, premium fast-casual concepts, will launch today its first-ever Ultimate Bacon Bash meal including three crave-worthy and better-with-bacon premium options from its award-winning, chef-inspired menu. Additionally, BurgerFi will offer for a limited time a newly crafted Maple Bacon Shake and free delivery via the BurgerFi app at participating locations.

"BurgerFi loves to put a new spin on a classic, fan favorite," says Paul Griffin, Chief Culinary Officer of BurgerFi. "There's never too much bacon, and this..."

 

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Nov 10 8:00 AM, General News


Cracker Barrel Old Country Store, Inc. Names Craig Pommells As Chief Financial Officer

Cracker Barrel Old Country Store, Inc. today announced that Craig Pommells will join the Company to become its Senior Vice President and Chief Financial Officer, with an anticipated start date of December 6. He will report to the Company's President and Chief Executive Officer Sandra B. Cochran.

"We are very excited to have Craig join the Cracker Barrel executive team," said Cochran. "I am confident that Craig's track record of outstanding financial leadership..."

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Nov 8 8:17 AM, General News


Chipotle Sets Science Based Climate Goals To Reduce Its Carbon Emissions 50% By 2030

Chipotle Mexican Grill today announced it has set science-based targets with the Science Based Targets initiative (SBTi) to reduce absolute Scope 1, 2 and 3 greenhouse gas (GHG) emissions by 50% by 2030 from a 2019 base year. The approved targets have been classified by SBTi as being in line with a long-term global temperature increasing trajectory of 1.5°C. Cross-functional stakeholders and third-party experts are actively developing the path forward for achieving and monitoring the company's science-based targets...

 

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Nov 5 8:00 AM, General News


BurgerFi Completes $156.6 Million Acquisition of Anthony’s Coal Fired Pizza & Wings

BurgerFi International Inc., the owner of one of the nation’s fastest-growing premium fast-casual concepts through the BurgerFi brand, is announcing the successful completion of its pending acquisition of Anthony’s Coal Fired Pizza & Wings (“Anthony’s”) from L Catterton for $156.6 million. Ophir Sternberg, Executive Chairman of BurgerFi commented, “This acquisition marks a significant step forward in BurgerFi’s ongoing growth strategy and transition into a premium multibrand platform.”

Anthony’s, founded in 2002 and headquartered in Fort Lauderdale, FL, is a leading operator of casual...

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Nov 4 8:52 AM, General News


Chipotle Tests Pollo Asado In Select Markets

Chipotle Mexican Grill today announced it is testing Pollo Asado, the first menu innovation with chicken in its 28-year history, at 95 restaurants across Cincinnati, Ohio and Sacramento, Calif. A new flavor of chicken to hit the grill, Pollo Asado features the unique taste of garlic, fresh lime, guajillo peppers and hand-chopped cilantro.

"Chicken has long been the top protein choice among Chipotle guests," said Chris Brandt, Chief Marketing Officer. "With the celebrated Adobo chicken recipe already on our menu, we decided it was time to add another option and..."

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Nov 4 8:00 AM, General News


Wingstop Inc. Reports Fiscal Third Quarter Financial Results

Wingstop Inc. today announced financial results for the fiscal third quarter ended September 25, 2021.

Highlights for the fiscal third quarter 2021 compared to the fiscal third quarter 2020:

- System-wide sales increased 16.7% to $594.3 million
- 49 net new openings in the fiscal third quarter 2021, an increase of 13.1%
- Domestic same-store sales increased 3.9%
- Domestic restaurant AUV of approximately $1.6 million
- Digital sales were 61.6% of sales, comparable to the prior fiscal third quarter
- Total revenue increased 2.8% to $65.8 million, which was impacted by...

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Nov 3 8:17 AM, General News


Chipotle To Open Virtual Restaurant On Roblox 

Chipotle Mexican Grill today announced it will celebrate the 21st year of Boorito, a fan favorite Halloween event, by becoming the first restaurant brand to open a virtual location on Roblox, a global platform bringing millions of people together through shared experiences. In the Chipotle Boorito Maze experience, Chipotle will make $1 million in free burritos available* and offer access to new virtual Halloween costumes and exclusive Roblox items.

The experience will go live at 3:30 pm PT/6:30 pm ET on October 28 and can be accessed at...

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Oct 27 7:50 AM, General News


Chipotle Announces Third Quarter 2021 Results

Chipotle Mexican Grill, Inc. today reported financial results for its third quarter ended September 30, 2021.

Third quarter highlights, year over year:

- Total revenue increased 21.9% to $2.0 billion
- Comparable restaurant sales increased 15.1%
- Digital sales grew 8.6% and accounted for 42.8% of sales
- Operating margin was 12.3%, an increase from 6.7%
- Restaurant level operating margin was 23.5% 1, an increase of 400 basis points
- Diluted earnings per share was $7.18, a 154.6% increase from $2.82. Excluding a $0.16 after-tax net impact resulting from a tax benefit, which...

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Oct 22 8:29 AM, General News


Panera Bread Announces Its Goal to Become Climate Positive By 2050

Today, Panera Bread announces its commitment to become climate positive – removing more carbon from the atmosphere than it emits – by 2050. The first national fast casual restaurant company to set a climate positive target, Panera today updated its Food Beliefs to include climate goals, establishing an ambitious vision for its business. With approximately 25 percent of global greenhouse gases created from food production1, Panera hopes to lead and inspire its industry to address the climate crisis.

“Climate change is one of the greatest humanitarian crises of our time..."

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Oct 20 8:39 AM, General News


IHOP® Launches New Hand-Crafted Melts to All-Day Dine in and To-Go Menus

Today, IHOP® introduces its latest menu innovation of Hand-Crafted Melts, a collection of sandwiches with savory flavors, as part of the restaurant’s ongoing commitment to the prioritization of the P.M. daypart and portable menu options. Guests can choose from a lineup of seven different Hand-Crafted Melts – featuring craveable flavors and quality ingredients such as 100% Black Angus steak and all-natural roasted turkey.

The new Hand-Crafted Melts include a range of ingredients, such as signature sweet and tangy IHOP...

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Oct 19 7:58 AM, General News


U.S. Fast Casual Restaurant Visits Rebound After Steep Declines in 2020

U.S. fast casual restaurants didn’t fare as well as traditional quick service restaurants early in the pandemic, but their customers are returning, reports The NPD Group. Online and physical visits to fast casual restaurants in the year ending August 2021 were up +8% compared to a year ago, which keeps traffic on par or flat to pre-pandemic visits in August 2019. In the quarter ending June 2020, at the height of pandemic lockdowns and restaurant restrictions, fast casual visits were down -23% compared to the prior year...

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Oct 13 7:57 AM, General News


Newk's Debuts 9 All-New Signature Menu Items

Newk's Eatery has launched a revamped menu with a focus on high-quality ingredients and premium proteins such as tenderloin steak and grilled salmon.

Newk's new menu features a new look and delicious new items, including:

Newk's Cheesesteak Sandwich made with medium-rare petite tenderloin steak, Newk's signature pimiento cheese, cheddar cheese, red and yellow bell peppers, caramelized onions and mayo on Parisian bread.
Portabella Veggie Sandwich made with portabella mushrooms, red and yellow bell peppers, Swiss cheese and basil pesto on Parisian bread.
Salmon Caesar Salad, featuring grilled salmon atop a...

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Oct 6 8:53 AM, General News


The Habit Burger Grill Presents The Return of the Chicken Caprese on Garlic Ciabatta

The Habit Burger Grill, the California-based restaurant company renowned for its award-winning Charburgers, signature sandwiches, hand-cut salads and more is bringing back one of their most popular limited time offers, The Chicken Caprese on Garlic Ciabatta Sandwich. The Habit's signature chargrilled chicken breast combined with classic caprese ingredients makes for a sandwich worthy of a comeback.

"Our guests absolutely loved the Chicken Caprese on Garlic Ciabatta last year, so of course we had to bring it back! Made with the freshest ingredients and..."

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Sep 29 8:39 AM, General News


Freddy's Frozen Custard & Steakburgers Announces New CMO and VP of Brand Marketing 

Leading fast-casual restaurant concept Freddy's Frozen Custard & Steakburgers announced today that it has named Laura Rueckel as Chief Marketing Officer and Erin Walter as Vice President of Brand Marketing. Bringing decades of marketing and franchise industry experience, these appointments will further fuel Freddy's accelerated growth strategy as part of the brand's ongoing efforts to invest in its executive leadership and franchise development teams. Additionally, Freddy's has also promoted Jill Tinsley, who joined Freddy's in 2019 as Public Relations Manager, to Director of Communications. Under the leadership...

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Sep 28 1:19 PM, General News


Chicken Salad Chick Targets Midwest for Development, Announces Aggressive Franchise Growth Goals

Chicken Salad Chick, the nation's only Southern inspired, fast casual chicken salad restaurant concept, announces aggressive franchise expansion plans for the Midwest. The fast-growing brand has mapped out development goals to add 50 locations to the pipeline for the Midwest in the next four years via strategic franchise partnerships.

These development goals build on the tremendous growth Chicken Salad Chick has experienced this year, with 17 signed agreements year-to-date and 40 locations projected to open by year-end. In addition to this impressive development...

 

 

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Sep 22 9:05 AM, General News


Chipotle Continues To Evolve Its Loyalty Program And App Experience With Record Digital Sales

Chipotle Mexican Grill today announced it is continuing to evolve its digital experience with enhancements to the Chipotle Rewards program, which has helped the business already surpass $2 billion in digital sales this year. The Chipotle Rewards program now boasts 24 million members and remains among the fastest growing loyalty programs in the history of the restaurant industry.

Introducing Extras from Chipotle Rewards
Today, Chipotle is officially rolling out Extras, an exclusive feature for Chipotle Rewards members that unlocks access to extra points, helping...

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Sep 2 8:41 AM, General News


Chipotle Tests Plant-Based Chorizo in Select Markets

Chipotle Mexican Grill today announced its latest menu innovation, Plant-Based Chorizo, is in test in Denver and Indianapolis. Plant-Based Chorizo is the brand's first new plant-based protein option since the debut of Sofritas® in 2014.

All Plant-Based, For Real
Over the past year, Chipotle's culinary team has worked relentlessly to develop a Plant-Based Chorizo recipe that aligns with the brand's industry-leading Food with Integrity standards and delivers a craveable plant-based protein using only real ingredients.

Chipotle's breakthrough new Plant-Based Chorizo has the...

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Aug 19 10:17 AM, General News


QDOBA Mexican Eats Promotes Eric Williams to Chief Operating Officer

QDOBA announced the promotion of Eric Williams, a seasoned foodservice industry executive with more than 30 years of experience, to chief operating officer. Previously, Williams served as vice president of franchise & license operations, and in his new role will oversee more than 740 QDOBA locations across the U.S. and Canada and support QDOBA franchise owners, ultimately ensuring the company's continued overall success.

"Since joining QDOBA, Eric has proven to be an exceptional leader capable of taking on additional responsibility," said Keith Guilbault, CEO of QDOBA. "He has provided valuable insight to...

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Aug 19 8:28 AM, General News


The Habit Burger Grill Launches with Impossible Foods

The Habit Burger Grill announced the continuation of its offerings with Impossible Foods Inc., bringing the company's plant-based meat to select locations in the US. Beginning August 11th, The Habit Burger Grill will introduce two culinary innovations to their menu, the Original Impossible™ Burger and the Impossible™ Bistro Burger, both of which are made with Impossible Foods' award-winning plant-based meat.

Combining The Habit Burger Grill's standard for freshly prepped ingredients and high-quality food, the Original Impossible Burger and the Impossible Bistro Burger aim to satisfy guests' desire for a delicious and...

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Aug 12 8:31 AM, General News


Shake Shack Announces Second Quarter 2021 Financial Results

Shake Shack reported its financial results for the second quarter ended June 30, 2021, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “We remain on the path towards full sales recovery, with total revenue up over 104% versus the second quarter of 2020. As restrictions relaxed across the country, in-Shack sales rose more than 300% year on year. The resilience of our business can be seen through the ongoing revenue improvement in our hardest hit urban Shacks, while at the same time we retained the strong business we built in our suburban Shacks. Additionally, even as more of our guests came back to meet us in person, we still grew our digital business double digits and retained approximately 80% of the digital sales versus...

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Aug 9 8:21 AM, General News


Chipotle Announces Second Quarter 2021 Results

Chipotle Mexican Grill reported financial results for its second quarter ended June 30, 2021.

Second quarter highlights, year over year:

  • Revenue increased 38.7% to $1.9 billion
  • Comparable restaurant sales increased 31.2%
  • Digital sales grew 10.5% and accounted for 48.5% of sales
  • Operating margin was 13.0%, an increase from...
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Jul 21 10:13 AM, General News


Portillo's Announces Confidential Submission of Draft Registration Statement for Proposed IPO

Portillo's Hot Dogs, LLC ("Portillo's") today announced that Portillo's, Inc. has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions...

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Jul 20 8:30 AM, General News


Baja Fresh Adds Impossible Foods to Menus Nationwide

Baja Fresh Mexican Grill, the fast-casual Mexican food chain, is launching three new menu options featuring Impossible™ meat made from plants. The lineup of Impossible™ dishes will be available at participating stores nationwide.

The three Impossible™ varieties include:

  • Impossible™ Taco Combo – three tacos with...
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Jul 14 8:19 AM, General News


The Fried Chickin' Sandwich Goes Plant-Based this Summer at Veggie Grill

Veggie Grill has launched its Crispy Buffalo Chickin' Sandwich for a limited time only. From June 30 – July 27, guests can grab this classic crispy treat with all of the flavor and none of the meat. The sandwich features Crispy Chickin' topped with creamy ranch, buffalo sauce, pickles, lettuce and tomato, all layered between a warm toasted brioche bun.

"We believe our plant-based Crispy Buffalo Chickin' Sandwich rivals any other fried chicken sandwich offered on the market," said T.K. Pillan, founder and executive chairman, Veggie Grill. "All our menu items...

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Jul 1 8:14 AM, General News


Shake Shack Announces China Expansion 

Shake Shack and licensee Maxim’s Caterers Limited are continuing the momentum in China with an expanded partnership to open 10 Shacks in new territories by 2031, including locations in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan and Guizhou.

The new agreement increases the company’s development commitment with Maxim’s Caterers Limited in China to 79 by 2031. There are currently 16 Shacks open in China, with 2021 new market entries so far in Macau and Shenzhen; Hangzhou will come...

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Jun 25 8:21 AM, General News


RAVE Restaurant Group Names Clint Fendley CFO

RAVE Restaurant Group, the parent Company of Pizza Inn and Pie Five Pizza, announced the promotion of RAVE's Vice President of Finance, Clint Fendley, to chief financial officer, effective July 5, 2021.

Fendley was hired in January 2020 as RAVE Restaurant Group's Vice President of Finance. During this time, Fendley led the finance team and helped guide the Company during the pandemic, with a focus on cost control and cash management. Fendley also led RAVE Restaurant Group's successful efforts to regain compliance with...

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Jun 21 8:27 AM, General News


Shake Shack Appoints Katherine Fogertey as Chief Financial Officer

Shake Shack announced that Katherine Fogertey has been appointed to serve as the Company’s Chief Financial Officer, effective June 14, 2021. Katie joins Shake Shack’s executive leadership team and will be responsible for leading financial operations across the Company, including accounting and control, financial planning and analysis, operations finance, investor relations and external reporting.

Katie brings to Shake Shack more than 15 years of financial and investment experience, including equity and derivatives research, financial modeling and forecasting, and a deep understanding and focus on the restaurant industry.

Randy Garutti, CEO of Shake Shack, stated, "I am excited to welcome Katie to the Shake Shack leadership team as...

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Jun 10 10:25 AM, General News


QDOBA Mexican Eats Appoints Jim Sullivan to Chief Development Officer

QDOBA announced the appointment of Jim Sullivan, a seasoned restaurant industry executive with more than 25 years of experience in real estate, franchise development, and site acquisition management, to chief development officer. In his new role, Sullivan will lead all restaurant development activities, including market planning, site selection, real estate negotiations, franchise sales and more to support the company's aggressive growth plan.

"Jim brings a unique perspective and strong leadership approach, backed by a proven track record of successfully accelerating franchise growth for some of the nation's leading restaurant concepts," said Keith Guilbault, CEO of QDOBA. "His expertise and years of experience in growing brands similar to...

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Jun 8 8:34 AM, General News


Panera Bread Announces Plans for New Bakery-Cafe Design

Panera unveiled its next-generation Panera bakery-cafe restaurant design. Panera is redefining its modern experience to serve today's guest. This includes enhanced digital capabilities, personalized options and more drive-thru access for an increasingly off-premise world; yet, the brand is still betting on dine-in with comfortable seating around its signature fireplace and a focus on its unique craft bakery experience within a vibrant, warm and welcoming environment.

The new restaurant design builds upon Panera's innovation in digital and positions the concept to continue to thrive in off-premise channels including Delivery, Drive-Thru and Rapid Pick Up® – both in-cafe and...

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May 21 8:35 AM, General News


Chipotle Increases Wages and Provides Path to Six Figure Compensation

Chipotle Mexican Grill announced it is increasing restaurant wages resulting in a $15 average hourly wage by the end of June. In addition to best-in-class benefits and a competitive hourly rate, Chipotle's crew members can advance to a Restaurateur, the highest General Manager position, in as little as three and a half years, with average compensation of $100,000 while leading a multi-million-dollar growing business.

The wage increases for new and existing hourly and salaried restaurant employees will be rolled out over the next few weeks and will result in hourly crew member starting wages ranging from $11-$18 per hour.

Chipotle has also introduced...

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May 11 8:24 AM, General News


Shake Shack Announces First Quarter 2021 Financial Results

Shake Shack reported its financial results for the first quarter ended March 31, 2021, a period that included 13 weeks.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “Spring has ushered in a great energy around the country and in our hometown of New York City. With COVID cases stabilizing and more regions steadily loosening restrictions, we are optimistic that improving trends can continue for our industry."

Garutti continued, “In the first quarter and so far through fiscal April, the positive momentum of our financial recovery continued. Total revenue was $155.3 million in the first quarter, up...

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May 7 10:13 AM, General News


Yum! Brands Reports First-Quarter Results

Yum! Brands reported results for the first-quarter ended March 31, 2021. Worldwide system sales excluding foreign currency translation grew 11%, with 9% same-store sales and 1% unit growth. First-quarter GAAP EPS was $1.07. First-quarter EPS excluding Special Items was also $1.07, an increase of 67% over the prior year quarter.

David Gibbs Comments

David Gibbs, CEO, said “First-quarter results reflect encouraging momentum across our business, including solid 2-year same-store sales growth and a meaningful uplift in unit development, underpinned by the focus and collaboration of our franchise partners and restaurant teams around the world. During the quarter we took important steps to further boost our digital and marketing capabilities through the acquisitions of...

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Apr 28 10:26 AM, General News


Yum! Brands Announces Approved Science-Based Targets to Address Climate Change 

Yum! Brands, parent company of KFC, Pizza Hut, Taco Bell and The Habit Burger Grill restaurants, announced it will decrease its greenhouse gas (GHG) emissions 46% by 2030 in partnership with its franchisees, suppliers and producers as part of its broader strategy to address climate change. Additionally, Yum! pledged to achieve net-zero emissions by 2050. The science-based targets (SBTs) are consistent with reductions required to keep warming to 1.5ºC and have been approved by the Science Based Targets initiative.

“Climate change is one of the top priorities of our Recipe for Good strategy, and we’re investing significantly in sustainable growth to address this issue by working closely with our brands, franchisees and suppliers,” said David Gibbs, Yum! Brands CEO. “We believe in the collective power of Yum! and...

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Apr 27 8:26 AM, General News


Chipotle Announces First Quarter 2021 Results

Chipotle Mexican Grill, Inc. reported financial results for its first quarter ended March 31, 2021.

First quarter highlights, year over year:

  • Revenue increased 23.4% to $1.7 billion
  • Comparable restaurant sales increased 17.2%
  • Digital sales grew 133.9% and accounted for 50.1% of sales
  • Restaurant level operating margin was 22.3%, an increase of 470 basis points
  • Diluted earnings per share was...
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Apr 22 8:49 AM, General News


Smashburger Calls to End the Chicken Wars with Launch of Peace Offering Promotion

Smashburger invites guests to test their spicy-food threshold with the announcement of the brand's newest premium menu creation, the Scorchin' Hot Crispy Chicken Sandwich. Made with Nashville hot crispy chicken, spicy red pepper mayo, pickles, and served on a classic toasted bun, the hot new menu item is available at Smashburger locations nationwide starting today through June 15, 2021.

In the spirit of the competitive pressure for chicken sandwich dominance among many quick service restaurant brands, Smashburger is calling an end to the famous chicken wars inviting restaurant chains to...

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Apr 20 8:29 AM, General News


U.S. Restaurant Chain Customer Transactions Begin to Recover

In mid-March 2020, U.S. governing authorities, to get the COVID-19 global pandemic under control, restricted on-premises dining at roughly 70% of all U.S. restaurants, a historical defining moment for the industry. By the last week of March 2020, customer transactions at major restaurant chains had fallen by -43% compared to year ago and by -77% at full service chains, which were most impacted by the dine-in restrictions.

In March 2021, with the lifting of restrictions and more consumers vaccinated, customer transactions at major restaurant chains were up +32% compared to the steep declines year ago, although still down -6% compared to two years ago, March 2019. Major chain transactions at full service restaurants were up...

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Apr 19 8:29 AM, General News


Chipotle Releases 2020 Sustainability Report, Achieves 50% Waste Diversion Goal

Chipotle Mexican Grill announced the publication of its 2020 Sustainability Report. The report covers Chipotle's impact, progress and goals across a variety of areas that play a critical role in its mission to Cultivate a Better World.

Chipotle achieved a 51% waste diversion rate through recycling, composting, and waste-to-energy programs, reaching a key goal outlined in its 2018 Sustainability Report. The company continues to expand its innovative methods of diverting waste, including its Glove to Bags program, an initiative that transforms...

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Apr 16 8:28 AM, General News


US Foodservice: Expect an Even Bigger Lift From the Third Stimulus

Checks under the USD 1.9 trillion American Rescue Plan, the third and largest stimulus package since the pandemic outbreak, began rolling out mid-March. The US government expects nearly 85% of all US residents – adults, children, seniors – to receive direct payments of up to USD 1,400 based on household income. The ongoing stimulus is substantially higher than the last two in April and December 2020, which included direct payments of USD 1,200 (plus USD 500 per child) and USD 600 (plus USD 600 per child), respectively.

Recipients Spent 10% to 15% More in Restaurants Following the Last Two Rounds of Stimulus

Credit/debit card transaction data from Earnest Research, a data analytics firm that tracks the US consumer economy through foot traffic, credit/debit card spend, retail pricing, and healthcare data, shows...

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Apr 5 8:26 AM, General News


Shake Shack Announces Tara Comonte Stepping Down as President and CFO

Shake Shack Inc. (“Shake Shack” or the “Company”) (NYSE: SHAK) today announced that Tara Comonte, President and Chief Financial Officer for the last four years, will depart the Company to become CEO of a private company outside of the restaurant industry.

Comonte, who joined Shake Shack in 2017, will remain in her current role through May 7, 2021 to oversee the Company's fiscal first quarter 2021 reporting period and ensure a thorough transition of her responsibilities...

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Mar 31 8:39 AM, General News


10% of All U.S. Restaurants have Closed Permanently Since the Pandemic Began

Datassential revealed that 10.2 percent of U.S. food establishments have closed permanently since the pandemic began, citing new data from the company's proprietary Firefly database released.

Of the 778,807 food establishments in operation since the onset of COVID-19, 79,438 have closed for good as of Monday, according to the report from Datassential. The figure does include restaurants that have opened during the pandemic.

That includes restaurants at all levels of service: QSR (fast-food), fast-casual, midscale, casual and fine dining as well as food trucks. Food trucks have been affected the most of any segment, with...

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Mar 30 8:23 AM, General News


Chipotle Invests in Leading Autonomous Delivery Company, Nuro

Chipotle Mexican Grill announced that it has invested in Nuro, a leader in autonomous delivery, as part of their Series C funding round. Nuro uses robotics in their fleet of on-road, occupantless and autonomous vehicles to deliver everyday consumer goods. This is the first significant investment in a third-party technology company the organization has made since Chairman and Chief Executive Officer Brian Niccol took the helm in 2018.

Expanding access and convenience through Chipotle's digital ecosystem is a strategic priority for the company. Chipotle's digital business grew over 174% year over year in 2020, with about half of the digital sales coming from...

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Mar 25 8:33 AM, General News


Chipotle to Accelerate Expansion into Canada

Chipotle Mexican Grill announced it will continue its expansion into Canada with a new location in Surrey, BC that is scheduled to open on March 30. The restaurant will be Chipotle's first new Canadian location since its Markham, Ontario restaurant opened its doors in October 2018.

Chipotle also has plans to unveil its first Canadian Chipotlane at a new restaurant opening in Port Coquitlam, BC this summer. Chipotlane, the brand's drive-thru digital order pickup lane, increases access and convenience by providing a speedy and seamless guest experience in under a minute.

In addition to the Surrey and Port Coquitlam locations, Chipotle plans to open six additional restaurants in British Columbia and Ontario over the next 12 months. There are currently...

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Mar 24 8:27 AM, General News


U.S. Restaurant Customer Transaction Declines Steepen in February

Severe weather in many parts of the country in February hampered the softening of customer transaction declines at major U.S. restaurant chains reported in the last few months of 2020 and this January, finds The NPD Group. Major restaurant chain customer transactions declined by -13% versus year ago, compared to a -9% decline in January, according to NPD’s CREST® Performance Alerts which provides a rapid weekly view of chain-specific transactions and share trends for 75 quick service, fast casual, midscale, and casual dining chains representing 53% of the commercial restaurant traffic in U.S.

Record-shattering cold, snow, and rain affected a large swath of the U.S. in February. Texas, the second most populated state after California, was hit with a winter storm in mid-February that dropped significant amounts of...

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Mar 12 8:19 AM, General News


Chipotle Launches New Hand-Crafted Quesadilla as Its First Customizable Digital-Only Entree
Chipotle Mexican Grill announced it is introducing a new Hand-Crafted Quesadilla as a digital-only menu item on March 11. The Quesadilla marks the first customizable entrée Chipotle will add to its menu since it introduced a salad option 17 years ago.

"We're so excited to answer the call from fans and introduce one of the most highly anticipated menu items in our brand's history," said Chris Brandt, Chief Marketing Officer. "The Hand-Crafted Quesadilla brings so many new possibilities to our menu, and fans will love exploring fresh flavor combinations through...

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Mar 10 8:23 AM, General News


Chipotle Announces Executive Compensation Metrics Tied to Sustainability Goals

Chipotle Mexican Grill announced that it has introduced a new Environmental, Social and Governance (ESG) metric that ties executive compensation to ESG goals. The objectives, which are categorized by Food & Animals, People, and the Environment, will hold Chipotle’s executive leadership team responsible to make business decisions that cultivate a better world.

Ten percent of officers’ annual incentive bonus will be tied to the company’s progress toward achieving the company’s goals.

“We are passionate about inspiring real change in people, food, and the environment every day,” said Laurie Schalow, Chief Corporate Affairs & Food Safety Officer. “The compensation plan...

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Mar 8 8:29 AM, General News


Shake Shack Announces Fourth Quarter and Fiscal Year 2020 Financial Results

Shake Shack Inc., reported financial results for the fourth quarter and the fiscal year ended December 30, 2020, periods that included 14 and 53 weeks, respectively, as fiscal 2020 contained an additional operating week compared to fiscal 2019.

Randy Garutti, Chief Executive Officer of Shake Shack, stated, “As we close the chapter on 2020, I'm so grateful and proud of the way our Shack family has overcome the obstacles that came our way, and led the continued recovery of our business while supporting each other and our communities. With much of the country still under varying degrees of lockdown, we're pleased to report revenue in the fourth quarter of $157.5 million, with same-Shack sales improving to...

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Mar 3 8:27 AM, General News


Foodservice and Retail Get Creative for an Unprecedented Valentine’s Day 

While the pandemic has caused disruptions to gatherings and going out, there remains a special significance around Valentine’s Day. Consumers are committed to celebrating the holiday, even if traditional celebrations must be altered. According to the National Retail Federation, about 52% of adults plan to celebrate Valentine’s Day this year, spending a total of $21.8 billon.

Nearly three-quarters of consumers celebrating the holiday this year feel it is important to do so given the current state of the pandemic. The virus is still a focus, with 74% indicating it will directly impact their plans for the holiday. About 24% of consumers plan to gift their loved one with an evening out, the lowest in...

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Feb 12 8:31 AM, Urner Barry


Chipotle Announces Fourth Quarter And Full Year 2020 Results

Chipotle Mexican Grill, Inc. reported financial results for its fourth quarter and fiscal year ended December 31, 2020.

Fourth quarter highlights, year over year:

  • Total revenue increased 11.6% to $1.6 billion
  • Comparable restaurant sales increased 5.7%
  • Digital sales grew 177.2% and accounted for 49.0% of sales
  • Restaurant level operating margin was 19.5%, an increase of 30 bps
  • Diluted earnings per share was $6.69, which included...
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Feb 3 8:57 AM, General News


Chipotle Tests Carside Pickup

Chipotle Mexican Grill announced it is testing Chipotle Carside at 29 restaurants in California. For the first time, fans can get Chipotle's real food delivered right to their parked cars using the Chipotle app.

How it Works

When ordering from participating restaurants, guests can select "Carside Pickup" in the checkout section of the Chipotle app.

After the order is confirmed, the following instructions will be displayed...

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Jan 29 8:31 AM, General News


Boston Market Brings the Heat to the Chicken Sandwich Wars with All-New Nashville Hot

Boston Market is heating things up this winter, with its first-ever crispy chicken sandwich. Available for a limited time, guests can fire up their taste buds with the Nashville Hot Crispy Chicken Sandwich, plus two additional Nashville Hot menu offerings, including a spicy new take on its rotisserie chicken. A new, fire-free Crispy Chicken BLT Sandwich and Crispy Chicken with White Gravy Meal, plus returning guest favorites Chicken Marsala and Roasted Garlic & Herb Chicken, are also hitting Boston Market restaurants for a limited time.

"2020 is behind us, and so are the chicken sandwich wars. We've been bringing the heat in our rotisserie ovens for more than 30 years, and our new Nashville Hot Crispy Chicken Sandwich proves that...

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Jan 26 8:24 AM, General News







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