Topic
Restaurant Industry
31 stories related to this topic, newest first.
benzinga.combusiness13 hrs ago
Cracker Barrel Reports Higher Revenue and Raises Annual Outlook
The restaurant chain posted better-than-expected revenue in its latest quarter and increased its full-year forecast. Shares have risen 100 percent this year after the company reversed earlier design and menu changes.
cnbc.combusiness3 days ago
Lawsuit Alleges Waffle House Charged Tobacco Users Extra Health Insurance Fee
A proposed class-action complaint filed in federal court claims the restaurant chain imposed a monthly tobacco surcharge without offering employees a qualifying way to avoid the fee. The suit seeks more than $5 million on behalf of current and former workers across 25 states.
abcnews.go.comfinance7 days ago
Sysco plans $29.1 billion acquisition of Restaurant Depot
Sysco announced plans to buy Restaurant Depot in a $29.1 billion deal. The proposed merger would combine two major food distributors that serve independent restaurants across the United States.
New York Postworld8 days ago
KFC Plans Open-Concept Restaurant and Expanded Menu
KFC will open a prototype restaurant called Open House in McKinney, Texas, later this summer. The location will feature table service, drive-thru, and takeout along with new menu items.
foxbusiness.comworld10 days ago
Einstein Bros. Bagels Plans 300 New Stores by 2030
The Lakewood, Colorado-based chain announced plans to reach more than 1,000 locations nationwide. The expansion will use a remodeled store format and targets younger customers.
Usa Todaybusiness18 days ago
Jersey Mike's Lists Over 130 New Locations Under Development
The sandwich chain added more than 130 planned restaurants to its website, with confirmed openings in California and Michigan. Officials in nine additional cities verified new stores without specific opening dates.
New York Postfinance24 days ago
Cracker Barrel lifts revenue outlook after customer scores rise
The restaurant chain raised its full-year revenue forecast to between $3.27 billion and $3.3 billion. Shares rose as much as 35 percent following the June 9 report.
finance30 days ago
Wendy's, Pizza Hut, Papa John's, Jack in the Box to close hundreds of U.S. restaurants in 2026
Four major chains announced plans to close a combined 800 to 900 U.S. locations this year. The moves follow sales declines reported across the brands in 2025 and early 2026.
manilatimes.netbusiness33 days ago
GEN Restaurant Group Appoints Luke A. Hewko as Chief Financial Officer, Succeeding Retiring Thomas V. Croal
GEN Restaurant Group, Inc. appointed Luke A. Hewko as Chief Financial Officer, principal financial officer, and principal accounting officer on June 3, 2026. He succeeds Thomas V. Croal, who is retiring after a planned succession process.
Fox Newsbusiness39 days ago
Fuddruckers Operates 44 Restaurants After Decades of Ownership Changes
The burger chain has declined from a peak of several hundred locations to 44 outlets. Multiple ownership transitions and shifts in dining habits preceded the reduction.
finance.yahoo.comworld42 days ago
Guzman y Gomez Sued in U.S. Over Alleged Failure to Notify Staff of Closure
A lawsuit filed in the United States alleges that Australia's Guzman y Gomez did not provide required notice before closing a location. The complaint centers on compliance with federal worker-notification rules.
france24.comworld42 days ago
Hooters CEO Says Chain Shifting Focus to Families
Hooters is updating its image and uniforms to emphasize a beach theme rather than overt sex appeal. CEO Neil Kiefer said the changes aim to bring back customers who left after the brand became more sexualized.
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Benzingafinance43 days ago
Michigan Couple Loses $250,000 Savings After Restaurant Closes After 16 Months
A Michigan elementary school teacher and her husband spent nearly their entire savings to open a restaurant that closed after 16 months, leaving them with $52,000 in credit card debt. The couple now faces marital strain and questions from their children about losing their home.
archdaily.comworld45 days ago
Hooters CEO Describes Shift Toward Family-Friendly Focus
Hooters CEO Neil Kiefer said the chain is returning to a neighborhood restaurant model that includes families. The comments follow a change in ownership after Hooters of America filed for bankruptcy in 2025.
Usa Todaypolitics46 days ago
President Trump Reports Investments in Kura Sushi and Other Companies
President Trump disclosed holdings in Kura Sushi ranging from $1 million to $5 million. The filing also listed transactions in Amazon, Apple, Microsoft, Nvidia, and several restaurant chains.
foxnews.comworld47 days ago
Red Lobster to Close Tallahassee Location Open Since 1970
A Red Lobster restaurant in Tallahassee, Florida, that opened in 1970 will close after 56 years of operation. The chain confirmed the decision follows routine evaluation of performance and lease terms.
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en.antaranews.comfinance47 days ago
President Discloses Investment in Sushi Chain Operator
A U.S. president reported a multimillion-dollar stake in a sushi restaurant chain operator during the first quarter of 2026. The disclosure came through an official ethics filing and followed a period of share price movement.
Benzingafinance48 days ago
Cracker Barrel Launches 10-Week Summer Road Trip Sweepstakes
Cracker Barrel Old Country Store Inc. started a 10-week sweepstakes on Monday that awards weekly prizes to customers who purchase qualifying entrées. The promotion runs during a period of elevated gas prices.
nypost.comworld50 days ago
Pizza Hut Franchise Operator Restores Retro Design at Over 80 Locations
A Kansas-based operator of nearly 100 Pizza Hut restaurants is restoring red checkered tablecloths, vinyl booths, and other original features at more than 80 sites. The changes revive elements such as the salad bar, red plastic cups, and Pac-Man machines.
Le Mondeworld58 days ago
Chicken Fast-Food Chains Expand Rapidly Across France
The number of fast-food outlets specializing in chicken has doubled in France over the past five years to 707 locations. The sector reached a market value of €1.2 billion, rising 8 percent in a single year. Customers cite larger portions and lower cost per quantity compared with…
New York Postfinance59 days ago
Inspire Brands Files Confidentially for IPO
Inspire Brands, owner of Dunkin’, Arby’s and Jimmy John’s, has confidentially filed for an initial public offering. The filing comes as the consumer IPO market improves after a slow 2025. Bloomberg News reported in March that the offering could raise about $2 billion as early as…
news.sky.comfinance60 days ago
Leon Restaurants Confirms Closure of 23 UK Sites After Entering Administration
Leon Restaurants has confirmed the permanent closure of 23 company-owned UK sites as part of a restructuring following its entry into administration in December. Co-founder John Vincent injected £2.5 million into the business after buying it back from Asda in October 2025.
The Independentworld60 days ago
KFC Expands $10 Weeknight Meal Deals Through Friday
KFC is extending its $10 Tuesday promotion to every weeknight with rotating menu items. The fast-food chain will offer different $10 buckets from Monday through Friday to provide families with more variety at the same price point. The company also introduced two new sauces as par…
manilatimes.netbusiness62 days ago
Subway Closes 729 US Locations in 2025, Reducing Total to 18,773
Subway shuttered 729 restaurants in the United States last year, continuing a decade-long trend of downsizing. The chain now operates 18,773 locations nationwide, all run by franchisees. Meanwhile, McDonald's maintains about 14,000 US restaurants as Subway focuses on strategic ad…
nrn.comworld64 days ago
Subway Launches Fresh Value Menu with Over 15 Entrees Under $5 Nationwide
Subway introduced its new Fresh Value Menu on April 28, 2026, featuring more than 15 entrees priced under $5, many with over 20 grams of protein. The menu includes Deli Faves sandwiches, Protein Pockets and daily sub specials. This follows similar value menu launches by Taco Bell…
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indiatoday.intoday.infinance69 days ago
McDonald's Announces Launch of Six New Crafted Beverages in U.S. Restaurants
McDonald's stated it will introduce six new beverages, including refreshers and crafted sodas, starting May 6 in U.S. locations. The move follows trends in customized drinks popularized on TikTok and aims to boost afternoon sales. Other fast-food chains like Wendy's and Taco Bell…
londontheinside.comfinance73 days ago
Cava Group Shares More Than Double in Five Months, Drawing Bearish Wall Street View
Shares of Cava Group Inc., a Mediterranean fast-casual restaurant chain, have more than doubled in value over the past five months. A new bearish analyst on Wall Street stated that the rally has gone too far. The company operates in the fast-casual dining sector.
MarketWatchfinance77 days ago
Jersey Mike's Confidentially Files for U.S. Initial Public Offering After Blackstone Deal
Sandwich chain Jersey Mike's has confidentially filed for an initial public offering, seeking a valuation of at least $12 billion. The move follows Blackstone's 2024 acquisition of a majority stake that valued the company at roughly $8 billion. Jersey Mike's operates more than 3,…
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Substrate placeholder — needs reviewpolitics84 days ago
Ari Emanuel Hosts 65th Birthday Party at Noma's Los Angeles Pop-Up Amid Prior Controversy
Ari Emanuel celebrated his 65th birthday with an intimate gathering at Noma's temporary Los Angeles location over the weekend. Attendees included Elon Musk, Jimmy Iovine, and Larry David, among others. The event occurred at the pop-up of the Michelin-starred Copenhagen restaurant…
Substrate placeholder — needs reviewworld85 days ago
Former Employees Accuse Sacramento Chef Chris Barnum-Dann of Misconduct During Restaurant Expansion
Former workers at a Sacramento restaurant have accused chef Chris Barnum-Dann of multiple misbehaviors. The allegations come as the chef plans to expand his Michelin-starred operations in California. Details of the accusations were reported by nypost.com.
Substrate placeholder — needs reviewbusiness90 days ago
Restaurant Group Pier 50 LLC Sues Former Committee Manager for Alleged $1 Million Theft
Pier 50 LLC, the operator behind the Committee restaurant in Boston's Seaport district, filed a lawsuit in March against former general manager Demetri Tsolakis. The complaint alleges Tsolakis diverted more than $1 million in corporate funds to his personal expenses and competing…