News

Cloud Kitchens Become Green Shoots Within Restaurants

Cloud kitchens, also known as ghost kitchens, are virtual restaurant brands that have distinct listings on food delivery apps, yet share a physical kitchen with other “restaurants.” For example, the…

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Restaurant Owners Describe Their New Reality

“I was literally about to start the process of trying to set up my restaurant this year, and this all happened,” says Sarah Moody. In Ohio, the most recent poll…

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One-Third of Congress Supports the Restaurants Act of 2020

A $120 billion bill to support restaurants is advancing through Congress. As of today, the Real Economic Support That Acknowledges Unique Restaurant Assistance Needed to Survive (R.E.S.T.A.U.R.A.N.T.S.) Act of 2020…

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New Restaurant Survey Results

  Restaurant owners are taking every opportunity to voice their concerns. The trade association New York City Hospitality Alliance surveyed 500 restaurants, finding 83% cannot pay their regular July rent,…

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Restaurant News: Champagne Sales Down -33%; PizzaExpress Closes 15% of Locations; Impressive Texas Roadhouse Earnings

Not the Year for Champagne Celebrations Less party, less bubbly. Champagne bottle sales have fallen by one third during the first half of the year. Sales collapsed as low as…

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Enterprise Resource Planning (ERP) Systems for Restaurant Inventory Management

Restaurant owners implement Enterprise Resource Planning (ERP) solutions for inventory management and real-time low stock notifications. For example, when chefs order an ingredient, the stock counts in their ERP systems…

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Updated Restaurant Industry Sales Numbers

Two months since our last report on restaurant statistics, restaurant industry sales continue to whipsaw. In April, sales from Food Services & Drinking Places (NAICS code 722) totaled $30 billion,…

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California Pizza Kitchen Bankrupt

After a five-month battle against the COVID-19 pandemic, California Pizza Kitchen has lost. According to today’s statement from CEO Jim Hyatt, the company has filed for bankruptcy protection. The company…

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More Pizza Hut Closures Ahead of July 30 Earnings Announcement

In a banner year for the pizza delivery industry, Pizza Hut has struggled. Its competitors are at all-time highs. Just this year, Papa John’s (NASDAQ:PZZA) has rallied 44% to date….

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McDonald’s Earnings Disappoint, Starbucks Beats

It is earnings week; more blue chip companies report second quarter fiscal results this week than any other week. Today on national radio, senior restaurant analyst Michael Halen discussed disappointing…

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