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Joe Kahn, founder and chief innovation officer of the Columbus, Ohio-based chain, felt that guests were ready for more flavor excitement and better-quality ingredients. “I Joe was like a mad scientist in the innovation lab,” added Sarah Kear, CMO of 52-location Condado Tacos. “We and the zero-proof versions for $7.
per share in cash, a 65% premium on the company’s share price as of April 30, before media reports suggested the company was for sale. The company’s stock price has fallen by more than 72% since that IPO, even after a recent uptick brought on by the sale reports. Olo shareholders will receive $10.25
Premium Financing All restaurants are pricey in California, not just fast food The Bottom Line: The state’s fast-food wage hasn’t driven up prices at limited-service restaurants, at least compared with full-service chains. That doesn’t mean it’s not expensive there.
. – Sophia Goldberg, Founder and CEO, Ansa The big lesson I learned is that I've had to continue to adapt my pricing, because people are still watching their spending. That's why we instituted lower-priced lunch specials and made other adjustments. Beyond logistics, the biggest transformation has been in leadership.
A Dilemma of “Super Size” Proportions Amid rising food prices and shifting consumer preferences, the restaurant industry is facing a dilemma of “super size” proportions. percent menu-price inflation rate. Customers can become more critical of the quality of products and services when prices increase.
It is in California The Bottom Line: Data from Technomic’s Price Pulse shows that the average price for a medium Big Mac meal in California is about the same as the price for a Big Smasher on Chili’s 3-for-Me menu.
A significant part is also played by tech integration ; loyalty programs, app-based ordering, and QR code menus are not innovations but necessities. Balancing Menu Innovation with Operational Efficiency and Cost Control While survival depends on stability, creativity drives interest.
We were inspired by our guests requests to create a backyard-style BBQ Whopper, said Zack Young, Burger King’s director of culinary innovation US & Canada. “We The BBQ Brisket Whopper rolls out systemwide Tuesday, with prices starting at $7.99. She provides in-depth coverage of chefs, trends and menu innovation.
Fast-casual Panera Bread has been going through significant change over the past two years, with multiple board and leadership changes. News leadership Fast_Casual Lisa Jennings is a veteran restaurant industry reporter and editor who covers the fast-casual sector, independent restaurants and emerging chain concepts. Sign up here.
He cited Black Box Intelligence data showing that consumers rate family dining more highly for food, experience and value than casual dining, and that the average price per person is lower. And yet he also believes family dining has some unique advantages. The opportunity for family dining is absolutely present and in front of us,” he said.
Homegrown rivals like Luckin and Cotti are outperforming the coffee giant, offering consumers similar quality drinks at a fraction of the price. In a bid to compete, Starbucks announced its first-ever price drop in China in mid-June, lowering the price of selected drinks by an average of 5 yuan – although it denied a price-war strategy.
As the C price dips to multi-month lows, this challenge may become easier to achieve. New York City, New York, US) Wed, 18 Jun – Coffee futures drop to multi-month lows as illycaffè CEO projects arabica prices to stabilise at US $2.50 cents/lb – the lowest price since late January.
A study was commissioned by Eaters editorial leadership, with surveys from Bastion Agency. The majority of diners do agree on one thing: checking prices. Nearly 60 percent of diners pay close attention to menu prices while they ponder what to order. The Vox Media Insights and Research team surveyed over 2,000 U.S.
Understandably, menu prices at “competition cafés” can reach well over US $20 for a cup of coffee, attracting a niche but steadily growing audience. Although they may not always cater to mainstream coffee drinkers, these coffee shops serve an essential purpose: to bring consumers closer to innovation and excellence.
The convenience-retailing giant on Wednesday announced a Craveables Value Menu, pitting it in head-to-head competition with fast-food chains also looking to win consumers over with low prices. The move comes as consumers continue to limit their visits to restaurants and rein in their basket sizes amid elevated prices.
leadership News executive change Want breaking news at your fingertips? By Restaurant Business Staff on Jun. 06, 2025 Facebook Twitter LinkedIn Staff illustration Papa Johns has named Caroline Miller Oyler the company’s chief administrative officer. Members help make our journalism possible. Sign up here.
It is in California The Bottom Line: Data from Technomic’s Price Pulse shows that the average price for a medium Big Mac meal in California is about the same as the price for a Big Smasher on Chili’s 3-for-Me menu. Sign Up Thanks for signing up! Premium Financing Is Chilis as cheap as McDonalds?
While working hard to bring customers back into the restaurant is very important for success, it has become more important to figure out the third-party equation in terms of pricing, commissions and fees, and value – which is ultimately the difference between success and failure.
Chowly 2024 Recap Growing Together with Independent Restaurant Operators 2024 has been a year of growth, innovation, and connection at Chowly. This panel was a highlight of the year, sparking thought-provoking discussions and reinforcing Chowlys leadership in the space. These conversations werent one-sided.
I am proud of the progress we have made to date for the business and as a leadership team,” Tick said in a statement Thursday. “I Read our story about BJs comeback efforts here.) “I Sign Up Thanks for signing up!
Click here to complete your profile Multimedia The chicken wars enter a new phase Persian food emerges in the Middle Eastern niche Cannabis drinks make a splash at the National Restaurant Show Innovation rules at 2025 MenuMasters The Latest Leadership Chris Turner named CEO of Taco Bell owner Yum Brands Operations The real James Beard Award stars?
Editor’s note New York’s Intercontinental Exchange (ICE) recently announced that as of March 2028, arabica futures contracts will no longer be priced in US cents per pound. Instead, ICE will implement a US $/tonne (or metric ton) pricing mechanism, although a new date has not yet been confirmed for this transition. Robustas slid 3.5%
This edition of Modern Restaurant Management (MRM) magazine's Research Roundup features dining trends, hiring trends, tech trends, brunch trends, alcohol trends, and egg prices. Forty-five percent of those who said they were dining out less this year because restaurant prices are too high. million people. . "The
Accra, Ghana) Tue, 15 Jul – Lucky Cup opens 6,000th store amid China price war. Robusta prices fell to their lowest levels since May 2024 after Brazil’s crop reached 69% completion, as improved supply prospects outweighed remaining quality and demand concerns, according to Safras & Mercado.
The Cheesecake Factory rated highest for innovation with a net agreement score of 8 percent, beating out Texas Roadhouse (7 percent) and Chili’s (4 percent). And customers questioned the value they got for their money at all three chains in written reviews, citing high prices, watery drinks and dissatisfying customer service.
Prioritising People and Attracting Talent Technology decisions in hospitality used to be driven by checklists, feature sets, pricing, and demos. Without a unified view of the business, innovation slows and performance suffers. It works out of the box at a fraction of the price, with ready-made integrations and clear API docs.
. "This transaction reflects Subway's long-term growth potential, and the substantial value of our brand and our franchisees around the world," said John Chidsey, CEO of Subway, adding that there are no anticipated changes to the company's leadership team, strategic focus or operating plans.
A restaurant centric operation relies on analytics, competitor analysis, surveys, budgeting, price comparisons, and knowledge of what the marketplace is comfortable with. They look for consistent, personalized quality commitments, a “yes” attitude when special requests are made, dependability, and a pricing that makes sense.
As a proud part of the leadership team at Craveworthy Brands, the platform company behind 11 unique restaurant concepts, I lead day-to-day supply chain management, events, distribution, and of course, LTOs. The pandemic emphatically demonstrated that disruptions of food suppliers will impact the prices and availability of products.
We strongly believe that our significant experience in the QSR space, our strong digital focus, our ability to innovate, as well as our proven execution capabilities, will enable Subway to become a dominant player in the region.” . “Everstone Group is delighted to be a partner and custodian of Subway in the region.
“Superlative cuisine, an innovative cocktail program, and an atmosphere I know our customers will really enjoy. “Nothing new or innovative has been done nationally in full-service restaurants or taverns,” said Fransmart CEO Dan Rowe. “The D.C. ” Atlanta Taffer's Tavern.
Throughout his 17 years at Mood Media, he's held various customer engagement and sales leadership roles and has worked with key technology partners to optimize innovative solutions based on vertical market trends and customer feedback that deliver positive ROI to operators. Brands should also examine their content strategy.
“This acquisition is another demonstration of our strategy to acquire new companies to enhance product capabilities and extend our leadership in the vertical industries we serve,” said NCR President and Chief Executive Officer Michael D. The acquisition price for Restaurant Magic, consisted of $13.0 Lower prices.
For those who may not want to be in a manager role, the brand is introducing "Makers," a program for restaurant team members who want to elevate their passion for the brand and want leadership experience. Paris Baquette's Leadership Changes. ” I Heart Mac & Cheese is now open in Cooper City, Florida.
We look forward to continuing to innovate and find ways to make ordering plant-based at Taco Bell even more accessible at a great value,” said Taco Bell Corp Chief Food Innovation Officer Liz Matthews. We have long been a haven for vegans and vegetarians, who replace meat for beans on almost any of our menu items.
Rowe Price Associates, G Squared, Light Street Capital, Alta Park Capital, and others. Yelp is continuing its commitment to innovating on new advertising products for multi-location brands: Yelp Store Visits : ?Available ” Prior to joining Aramark, Birdwell held leadership roles with Hilton, Marriott and Wyndham Hotels.
The brand’s commitment to each guest service experience is the focal point of upcoming menu innovation, value-based choices, and a portfolio of new organic food and beverage educational content. Highest Average Ticket Price : Michelle Constantino, Naperville, IL. Best New Store Launch : Angie Lacey, Nocatee, FL.
” Following his transitional leadership role at SALIDO and NAB, Chowdhury will focus his efforts on the Bowery Engine, an early stage direct investment and incubation company that previously supported SALIDO. ” The majority of SALIDO's employees joined NAB following the acquisition to continue innovating the Restaurant OS.
Moralejo’s prior experience spans over two decades, leading global teams in various operations, franchise development and legal leadership roles at Burger King. This stylish, comfortable antimicrobial face mask incorporates an innovative Bluetooth 5.0 BioMask Bluetooth+. It's another outstanding option for our customers."
She has also held leadership roles at Sony Ericsson Mobile Communications, PepsiCo, and Frito-Lay. ” Mailender added, “On behalf of the entire Checkers & Rally’s family, I would like to thank Rick Silva for his partnership and many years of leadership. They are all in to help us succeed.
The Multicultural Foodservice & Hospitality Alliance (MFHA), 4thMVMT, and PepsiCo announced a formal collaboration to provide leadership development and increase business ownership opportunities for Black people in the restaurant industry. ” Delivering Jobs.
“This alignment, along with TouchBistro’s global market leadership and powerhouse team of restaurant industry veterans, represents a great opportunity to get the proprietary capabilities we’ve built into our guest retention solution into the hands of significantly more restaurants.” ” Tyga Bites Launches. .
. “With Flip’d by IHOP, guests don’t have to compromise – now they can get freshly-made, all-day menu items like Pancake Bowls and Egg Sandwiches along with a hand-crafted espresso beverage for a good price and in a matter of minutes.” Ordermark Adds Head of Innovation. Fourth Names New CEO and CFO.
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