Restaurant Daily

TGI Fridays is facing a major financial crisis. Red Lobster’s bankruptcy process is nearing its conclusion. And Sweetgreen is backing away from its fully automated future.

Red Lobster has been approved to emerge from bankruptcy. Topgolf is being spun off. And Pinstripes is struggling as well.

Whataburger has a new CEO. Restaurants are seeing continued M&A activity. And McDonald’s latest marketing efforts appear to be paying off.

More changes are coming to BJ’s. Many of the restaurant industry bankruptcy cases will be bearing fruit this fall. And breaking news, people think restaurants are expensive.

Starbucks is being sued. Shari’s Restaurants has some issues. And it’s good to be a top Chipotle executive.

Another casual-dining chain is facing a CEO change. China continues to be a problem for Tim Hortons. And KFC U.S. is undergoing another executive shakeup.

Shack Shack is closing some restaurants. Hooters is in hot water over a sponsorship deal. And two fast-food chains have a new CEO.

Recent CEO changes indicate industry volatility. Some Outback and Carrabba’s units have been sold. And Chipotle is testing a new swicy protein option.

Red Lobster, which is closing nearly two dozen more locations, has a new CEO.  Starbucks’ new CEO will have a high-flying commute. And Bloomin’ Brands has hired its new CEO away from Delta Air Lines.

Guillermo Perales is taking advantage of the buyer’s market. It’s good to be a chicken chain. And Hooters and Black Angus are on bankruptcy watch.

Taco Bell franchisees will be able to opt out of offering breakfast. Burger King is offering discounts to Walmart shoppers. And Cava had a pretty great second quarter.

Chick-fil-A will open its new fancy drive-thru today. The industry has a smaller workforce than originally thought. And eight KFC restaurants have abruptly closed.

One well-known fast-casual chain is suing another well-known fast-casual chain. McDonald’s is working on a growth spree. And Subway continues to close restaurants.

Guillermo Perales has another restaurant chain. Circle K’s owner wants to own 7-Eleven, too. And is another restaurant bankruptcy imminent?

Is Brian Niccol up to the challenge that is Starbucks? Subway is cooking up a new value offering. And here’s how California’s minimum wage boost at QSRs appears to be impacting restaurants there.

Starbucks offered incoming CEO Brian Niccol a hefty pay package. Chick-fil-A has a new president. And The FTC wants to end bogus online restaurant evaluations.

Chili’s is finding success by thinking a bit like a fast-food chain. The world’s largest franchise group is getting a bit bigger. And Taco Bell is turning back the clock.

Starbucks is getting a new CEO - can he save the coffee chain? Chipotle is looking for a new leader now as well. And, we take a look at the country’s biggest multiconcept operators.

Topgolf may be spun off from its relatively new owner. The two presidential candidates appear to be aligned on the topic of taxing tips. And Seattle is mourning the loss of yet another respected chef.

It has been a challenging earning season for many restaurant chains. Dutch Bros, though, reports strong sales in California. And Sweetgreen is seeing success with a move away from its signature salads.

Papa Johns sales took a hit in the second quarter. Noodles could close up to 20 restaurants. And Dutch Bros did good, but not good enough for Wall Street.

McDonald’s is embracing nostalgia. Portillo’s is leaning into a technology trend. And KFC is getting saucy once again.

Cantina Chicken performed well for Taco Bell last quarter. Buca di Beppo blames the pandemic for its bankruptcy. And First Watch reported sluggish traffic.

Two more restaurant companies have filed for bankruptcy. Cities continue to look for outdoor-dining solutions. And happy hour will remain illegal in Massachusetts, at least for now.

Friday’s jobs report sent stocks plunging. Is there an easy fix for Starbucks? And a trade group is taking up the flight on junk fees.