When is the right time to raise menu prices? Right now, said Fred LeFranc, the CEO of Results Thru Strategy, during an inflation-focused sessi…
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A pair of damning reports predict some dark times ahead for the restaurant industry. Paul Westra, an analyst with Stifel, issued a report that announced the firm is taking a bearish stance on all restaurants and issued a “restaurant recession outlook.”
It's a good time to be Charlie Morrison, Wingstop's CEO—two stock offerings, sales surging beyond expectations, international growth on multiple continents, and 133 net new stores in the last four quarters capping 12 consecutive years of same-store sales growth. He asserts that simplicity is the key to the brand's success. Having no direct competition, he adds, is the cherry on top.
All of a sudden, Del Taco came on the public radar screen in 2015 as a company poised for national growth. The concept went public in a merger when a buyout company owned by long-time restaurateur Larry Levy sought a growth brand. The deal included $120 million in private equity to pay off debt.