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April 13, 2021
Jim Tselikis and Sabin Lomac, who founded Cousins Maine Lobster, now worldwide food truck brand, want to help food truck operators who are having business difficulty.
They ll be doling out advice and insight in a reality show debuting this month on Food Network, according to a News Center report.
The reality show, called Food Truck Rehab, will air on Sundays at 11 p.m. EST.
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April 12, 2021
In a quest to get closer to its margin goals Chipotle Mexican Grill Inc. has increased prices on its steak and barbacoa items by about 4%, according to data released by Truist Securities.
The firm estimates beef is included in 25% to 30% of the chain s average check, according to a Market Watch report.
The price increase demonstrates the brand s commitment to achieving its long-term margin framework, a Truist analyst wrote in a note.
The company s stock is up 111.2% over the past year, according to Market Watch.
Domino s Pizza Inc. said some of its subsidiaries will complete a recapitalization transaction to refinance a portion of their outstanding securitization debt through a series of securitized debt, while the Ann Arbor, Michigan-based company also expects the same subsidiaries will…
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March 11, 2021
Severe weather in many areas of the U.S. in February didn t do much to resuscitate restaurant customer transactions at major chains which were already experiencing declines in the last months of 2020 and January.
Major chain transactions dipped by 13% compared to a year ago, and January brought a 9% decline, according to The NPD Group s Crest Performance Alerts. The alerts provide a weekly view of chain-specific transactions and trends for 75 quick service, fast casual, midscale and casual dining chains, according to a press release.
The month of February brought deep cold and snow and Texas was especially hit hard with a massive winter storm that knocked out power and water systems. During this period, customer transactions at major chains in Texas declined by 46% compared to year ago, according to the release.
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March 3, 2021
Although Wendy s Q4 adjusted EPS fell a penny short of analysts estimates of 18 cents per share, the company managed to exceed the previous year s quarterly result of 8 cents per share by more than 112%. Revenues of $474.3 million also fell short of estimates of $480.6 million, but were 11% higher than the year-ago quarter s figure of $427.2 million, according to results released by the company this morning.
Operationally, Wendy s Q4 systemwide sales globally grew 13.2% compared to 5.9% the previous year s quarter, helping to buoy full-year systemwide sales growth in 2020 up 4.8% versus 2019 full-year growth of 4.2%. I could not be more proud of our results and the work that was done by the Wendy s System across the globe in 2020 with all the challenges we faced and overcame during the year, Wendy s President and CEO Todd Penegor said in a press release. I am confident that we have emerged as a stronger, more unified brand that is poised to delive