Corporate Operations: Page 48


  • Chipotle CFO: 'Our worst days have passed'

    By revamping its business around online advertisements and free delivery, Chipotle has weathered the pandemic better than many restaurant chains. But what will its dining experience look like next year?

    By Jane Thier • April 24, 2020
  • Image attribution tooltip
    Thai Phi Le
    Image attribution tooltip

    Potbelly will return $10M in PPP funding

    The Treasury Department issued guidance April 23 requesting that publicly traded companies repay their Paycheck Protection Program loans by May 7. Returned funds will be allocated for new loans for other qualified applicants.

    By Updated April 27, 2020
  • A photograph of chefs in a kitchen. Explore the Trendline
    Image attribution tooltip
    sam edwards via Getty Images
    Image attribution tooltip
    Trendline

    Menu development

    Restaurants big and small are experimenting with their menus to align with the preferences of on-the-go diners and mitigate the impact of rising food costs, supply chain disruption and shrinking consumer discretionary funds. 

    By Restaurant Dive staff
  • Denny's gets into gaming with presence on multiplayer platforms

    The casual dining chain's Dennys247 account is on Nintendo's Switch, Microsoft's Xbox and Sony's PS4.

    By Robert Williams • April 23, 2020
  • Red Lobster offers custom Zoom backgrounds, Spotify playlist for date nights
    Image attribution tooltip
    Courtesy of Red Lobster
    Image attribution tooltip

    Red Lobster offers custom Zoom backgrounds, Spotify playlist for date nights

    The restaurant hopes to drive sales by offering takeout menus and virtual ambience for those looking to recreate the experience of eating out on a date.

    By Dianna Christie • April 23, 2020
  • Image attribution tooltip
    Industry Dive
    Image attribution tooltip

    Chipotle to pay $25M in largest-ever food safety fine

    The settlement with the Department of Justice stems from the company's foodborne illness outbreaks that sickened more than 1,100 people between 2015 and 2018. 

    By Alicia Kelso • April 22, 2020
  • The Cheesecake Factory receives $200M private equity investment

    The cash from Roark Capital will provide the dining chain, which furloughed 41,000 workers in March, with much needed funding to get through the novel coronavirus pandemic.

    By April 21, 2020
  • Shake Shack is returning its $10M in PPP funding

    The burger chain, which laid off or furloughed more than 1,000 employees last week, said Sunday that it has access to capital to fill the gap instead.

    By Alicia Kelso , April 20, 2020
  • Starbucks sustainable cups
    Image attribution tooltip
    Courtesy of Starbucks
    Image attribution tooltip

    Starbucks will phase out Catastrophe Pay as US stores reopen

    The chain said that it will start to open locations May 4 on a community-by-community basis, but will phase out some of its additional benefits in June. 

    By April 17, 2020
  • Potbelly Sandwich Shop in National Harbor, Maryland, taken by Julie Littman of Restaurant Dive
    Image attribution tooltip
    Julie Littman/Restaurant Dive
    Image attribution tooltip
    Column

    Shift Change: McDonald's, Potbelly, MOD and Jack in the Box make C-suite hires

    After a lull across restaurants over the last few weeks, several major chains made big executive appointments.

    By April 17, 2020
  • Aussie Grill by Outback Steakhouse exterior
    Image attribution tooltip
    Courtesy of Bloomin' Brands
    Image attribution tooltip

    Bloomin' Brands will open 1st drive-thru Aussie Grill in May

    The new Florida location marks the third U.S. store for the fast casual Outback concept, but the first to feature a drive-thru and indoor seating.

    By Lauren Manning • April 17, 2020
  • Olde Dutch Restaurant in Logan, Ohio, is closed until further notice due to the coronavirus pandemic.
    Image attribution tooltip
    Keck, Dan. (2020). "Olde Dutch Restaurant" [Photograph]. Retrieved from Flickr.
    Image attribution tooltip

    Sales at over 77% of restaurants have declined by 50%

    Two-thirds of those surveyed say they are uncertain that takeout or delivery will be enough to sustain their businesses until they are able to reopen, according to a James Beard Foundation report.

    By April 17, 2020
  • Jack in the Box names new CEO

    Darin Harris, former CEO of Cici's Pizza, will face an uphill battle at the QSR, which has been battered by poor franchisee relations and must now survive the novel coronavirus crisis. 

    By April 17, 2020
  • ChowNow partnered with Instagram in April 2020 to add "Order Food" buttons to stories and profiles.
    Image attribution tooltip
    Permission granted by ChowNow
    Image attribution tooltip

    ChowNow, Instagram launch commission-free online food ordering

    Online ordering platform ChowNow partnered with the social media platform to enable restaurants to add "Order Food" buttons to their profiles and Stories.  

    By Alicia Kelso • April 16, 2020
  • MOD Pizza
    Image attribution tooltip
    Permission granted by MOD Pizza
    Image attribution tooltip

    Potbelly, MOD Pizza hire CFOs in show of mid-pandemic optimism

    The two fast casual companies have their eyes on the future with the naming of new finance chiefs. MOD Pizza's Josh Guenser shares how he's balancing his onboarding with crisis planning.

    By Jane Thier • April 16, 2020
  • Chick-fil-A goes cashless at some store locations

    Restaurants in Florida, Indiana, Georgia, Virginia and Maryland are only accepting credit cards to stem the spread of COVID-19.

    By Lauren Manning • April 15, 2020
  • Judge denies McDonald's motion to dismiss $500M sexual harassment suit

    The chain had argued the class-action lawsuit's claims were too broad and the allegations at one restaurant couldn't stretch to complaints of systemwide culture issues. 

    By Sheryl Estrada • Updated July 21, 2021
  • Yelp cuts about 35% of employees

    CEO Jeremy Stoppelman wrote in a letter to employees that consumer interest in restaurants, the platform's most popular category, plummeted 64% since March 10, sparking layoffs and furloughs.

    By April 9, 2020
  • Bloomin' Brands, Jana Partners end dispute

    The casual dining company will add two independent directors to the board, effective July 1, ending a months-long battle with the activist investor. 

    By April 9, 2020
  • Starbucks sustainable cups
    Image attribution tooltip
    Courtesy of Starbucks
    Image attribution tooltip

    Starbucks to offer $10M relief to global partners

    In addition to catastrophe pay, this funding will provide one-time grants to partners around the world facing financial difficulties due to the novel coronavirus pandemic.

    By Lauren Manning • April 9, 2020
  • Starbucks will reopen 90% of stores by June

    The first stage will involve only 30 cafes, and the chain will monitor their performance before moving forward, COO Rosalind Brewer said on a company earnings call.

    By Updated April 29, 2020
  • McDonald's expects April US sales to be down 20%

    Even with drive-thru making up 90% of its U.S. sales, the company expects sales to flag as diners only leave their homes when necessary. 

    By Updated April 30, 2020
  • Toast Inc. point of sale device
    Image attribution tooltip
    Courtesy of Toast Inc.
    Image attribution tooltip

    Toast lays off half its staff due to coronavirus impact

    Despite previous projected growth prior to the pandemic, the POS and technology provider cut about 1,300 employees this week.

    By April 8, 2020
  • Panera grocery website screenshot
    Image attribution tooltip
    Permission granted by Panera Bread
    Image attribution tooltip

    Panera, Subway sell groceries to fight coronavirus sales slump

    Legacy chains are taking cues from independent restaurant strategies to open up new revenue streams, offering pantry items from cheese to frozen soup. 

    By April 8, 2020
  • Image attribution tooltip
    John Hazard
    Image attribution tooltip

    Shaquille O'Neal ads drive engagement for Papa John's

    The NBA star's endorsement is helping the pizza chain rebuild its image and lift delivery orders following founder John Schnatter's ouster.

    By Dianna Christie • April 7, 2020
  • Coronavirus restaurant aid by state
    Image attribution tooltip
    Nami Sumida/Restaurant Dive
    Image attribution tooltip

    Tracking coronavirus restaurant aid by state

    This week, Texas Gov. Greg Abbott announced a $50 million relief fund for small businesses in partnership with San Antonio-based nonprofit LiftFund and the Goldman Sachs 10,000 Small Businesses Program.

    By Thai Phi Le, , Updated April 15, 2020