Wingstop appoints new CFO

Michael Mravle joins the company from Bloomin’ Brands, where he held several positions, including most recently group vice president of Financial Planning & Analysis and US CFO.

FEATURES


Good news: Restaurant sales, unit growth, financing up

Total unit growth for the Top 100 restaurant chains was 1.8 percent in 2012, the highest since 2007.

Restaurants adapt to 'new normal' with efficiency, innovation

Mergers and acquisitions market won't be as active in 2012.

Wrestling with a million dollar baby - skimming

The restaurant industry is rife with ways to lose profitability. Just when you think you have things buttoned up, a new twist comes along that can threaten your business and you may not even know about it.

Fast Casual Executive Summit: CEO Roundtable Part 2

In this session from the 2011 Fast Casual Executive Summit, attendees heard from operators large and small about the ways they are growing sales, integrating creative marketing techniques and (re)shaping the industry. Panelists included: Ed Rensi, co-founder, Tom & Eddie's;...

Disproving the Top 3 employee tax credit misconceptions

Technology has transformed the process of qualifying employees for tax credits and collecting Uncle Sam’s incentives. What was a manual, red tape-ridden process ripe with high potential for errors has become a streamlined digital transaction. In my last column, I...

New concept matches franchisees to lenders

Boefly has attracted many big-name chains as they seek various funding options for growth.

Wall Street Investors Demand ROI - Return on Innovation

Return on Innovation (ROI), and not Return on Investment is the new demand (and expectation) of Wall Street Investors.

Fast casual success: How Wingstop rose above the competition

To build a strong ROI, Wingstop executives built in four pillars for success.

CIT Group: Expect M&A to pick up in 2011

Private equity firms attracted to strong growth potential.

CIT podcast touts restaurant-capital rebound

After a few years of conservatism, capital is slowly becoming more accessible for restaurant-industry operators.

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NEWS


JAB Holding Company affiliate to acquire Einstein Noah Restaurant Group for $374 million

An affiliate of JAB Holding Company will acquire Einstein Noah Restaurant Group for approximately $374 million.

Garden Fresh Restaurant Corp. names two new senior executives

The senior executive additions are part of Garden Fresh's revitalization strategy for Souplantation and Sweet Tomatoes.

Fund established to encourage pro athletes into franchising

The Playbook Solutions Group Franchise Income Fund has been formed to help professional athletes get into franchising. The fund was founded by Steve Levenson and NFL veteran Leonard Marshall is a partner. "The franchise industry is continuing to flourish and...

Jimmy John's sale rumored

Sources say Jimmy John's is considering selling a major stake in the company and has hired a boutique investment bank to advise on a potential deal.

Chanticleer Holdings acquires The Burger Company

Chanticleer Holdings has finalized the purchase of The Burger Company in Charlotte, N.C.

Zoe's Kitchen estimates Q2 comps increase of more than 7.3%

Zoe’s Kitchen, Inc. recently announced estimated increased comps of between 7.3 percent and 7.5 percent for Q2 and between 6.4 percent and 6.5 percent YTD.

Panera CFO resigns

Panera Bread Company today announced that Roger Matthews, executive vice president and chief financial officer, has resigned his position to pursue other opportunities. Effective Wednesday, Bill Moreton, the executive vice chairman of the company, will serve as interim chief financial...

Einstein Noah squeezes out same-store sales increase, cuts staff by 10%

Einstein Noah Restaurant Group Inc., parent company of Einstein Bros. Bagels, Noah's New York Bagels and Manhattan Bagel brands, reported financial results for the second quarter ended July 1.

McAlister’s Deli secures $15 million for expansion

McAlister's Deli has secured $15 million in funding to drive its nationwide expansion plans. The funding comes from Benetrends. "McAlister’s continues to be recognized as a top fast casual concept with high-quality food and excellent service, and we consistently experience...

Tropical Smoothie Café commits $20 million for franchisee financing

Tropical Smoothie Café, with the backing of private equity firm BIP Capital, has launched a financing program to help existing franchisees open additional restaurants nationwide by providing up to $20 million in loans. The Franchisee Financing Program provides qualified existing...

Restaurant industry health and outlook hits a two-year peak

Driven by stronger sales and traffic levels and an increasingly optimistic outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose to its highest level in more than two years.  The RPI – a monthly composite index that tracks the health of and outlook for the U.S.

Franchise Assoc. CEO: Economy is on track to full recovery

Franchising growth is expected to grow significantly this year, according to new reports. FRANdata, which has been analyzing franchising activity for more than 25 years, reports that demand for franchise units is expected to increase by more than 12 percent...

Restaurant traffic continues on a positive trajectory

Driven by improving same-store sales and customer traffic and a positive outlook among restaurant operators, the National Restaurant Association’s Restaurant Performance Index rose for the second consecutive month. The RPI stood at 101.7 in April, up 0.3 percent from March...

Noodles & Co. acquires 16 franchised locations

Noodles & Company has entered into an agreement to purchase 16 franchised restaurants for approximately $13.4 million. The acquisition is expected to close in early July 2014.

Strong majority of Chipotle shareholders vote against execs' pay packages

At Chipotle’s annual meeting in Denver Thursday, 77 percent of shareholders voted against the compensation packages of co-CEOs Steve Ells and Monty Moran. Last year, they received $25.1M and $24.4M, respectively.

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