Restaurant business

Beyond plummeting retail meat sales as restaurant operations pick up

Shares of Beyond Meat Inc. fell about 11% in after-hours trading on Feb. 24 after the release of fourth-quarter results that beat Wall Street expectations.The El Segundo-based plant-based meat products maker reported a net loss of $80.4 million, or $1.27 per share on revenue of $100.7 million. Analysts had expected a net loss of 71 […]

Restaurant business

Beyond plummeting retail meat sales as restaurant operations resume

Shares of Beyond Meat Inc. fell about 11% in after-hours trading on Feb. 24 after the release of fourth-quarter results that beat Wall Street expectations.The El Segundo-based plant-based meat products maker reported a net loss of $80.4 million, or $1.27 per share on revenue of $100.7 million. Analysts had expected a net loss of 71 […]

Restaurant management

Restaurant Management Software Market Quality and Quantity Analysis

JCMR recently announced Restaurant Management Software Industry Study with 200+ Market Data Tables and Figures spread across pages and easy-to-understand detailed TOC on “Restaurant Management Software Industry restaurant. The Restaurant Management Software industry report lets you get different methods to maximize your profits. The research study provides estimates for the Restaurant Management Software industry forecast […]

Restaurant management

How does inflation affect restaurants? | modern restaurant management

You can’t scroll through the news sites without seeing more articles on inflation, but does this mean for restaurants? Modern Restaurant Management (MRM) magazine interviewed expert Kathryn Petralia, co-founder of Kabbage, an American Express company, for her analysis of what restaurant owners need to understand about inflation. How does inflation affect restaurants? Changing costs always […]

Restaurant management

How AI will save the restaurant industry | modern restaurant management

According to a study by the National Restaurant Association Research and Knowledge Group, the restaurant industry will likely look dramatically different by 2030. Within a decade, it could be possible for an individual to approach a drive-thru in a vehicle autonomously, order via an AI-powered voice command assistant and eat food prepared by robots. One […]

Restaurant management

Bringing loyalty to the new normal level and beyond | Modern restaurant management

The pandemic has called into question the relationship between the restaurant owner and the customer. Brands that have shifted to a more customer-centric approach understand that loyalty is earned, not sold. Modern Restaurant Management (MRM) magazine asked Suzi Tripp, VP of Insights at digital transformation firm Brooks Bell, how restaurant loyalty programs are evolving and […]

Restaurant management

Diversification of the franchise portfolio: trends take shape in 2022 | Modern restaurant management

The COVID-19 pandemic has caused a lot of chaos and accelerated several trends within the restaurant industry. From full service to casual fast food brands to old fast food brands, the only constant was disruption. Many brands have been able to take advantage of blocks and social distancing commands by shifting operations to drive-thru, delivery, […]

Restaurant management

Six trends expected to impact restaurants in 2022 | modern restaurant management

Mondelēz International Foodservice has identified key trends that are expected to elevate the foodservice industry in 2022 and beyond. When the pandemic emerged in early 2020, the entire restaurant industry faced rapid and unexpected changes. Across all segments, operators have been forced to quickly adjust their operations, first to stay afloat and then to achieve […]

Restaurant management

Drive-Thru customer experience revolutionized with AI | Modern restaurant management

The current COVID-19 crisis has not only transformed the global social, political and economic climate, but has also changed the way businesses operate. Restaurants have been hit particularly hard, and as the dust settles on the pandemic’s impact on the industry, they are forever changed. As a result, many beloved restaurants have closed for good, […]

Restaurant management

Cocktail Trends 2022 (Infographic) | Modern restaurant management

Bacardi Limited has released its third annual Bacardi Cocktail Trends Report, examining key trends impacting the cocktail business in 2022. The report is created in collaboration with The Future Laboratory (TFL) and is based on research led by Bacardi and externals to unveil the undercurrents that transform everything from desired drinks, flavor expectations and opportunities […]

Restaurant management

Introducing 7shifts Academy: Free Online Restaurant Management Courses

Working in a restaurant, bar, cafe, or any other place that serves food and drink is a hectic and always-on career. You need to constantly think, make quick and informed decisions to keep your business running smoothly. On the 7 teams blog and social media, we seek to provide actionable and informative content to help […]

Restaurant management

Key Considerations To Consider When Buying An Ice Maker Modern restaurant management

Ice makers are the backbone of many operations in a commercial food service establishment. Whether it’s a hotel or a restaurant, ice makers help you keep costs down and ensure your customers are happy with your service. The ice is not only deployed at the bar or in the refreshment bar but is also used […]

Restaurant management

Restaurant Supply Chain Management: New Era, New Measures | Modern restaurant management

The turmoil caused by the pandemic has disrupted global supply chains more than any time in recent history. He highlighted the critical importance of evolving supply chain systems to be more responsive and agile in the face of the changing dynamics around us – which have been significant over the past two years. As diners […]

Restaurant management

Four Ways to Reduce Burnout and Improve Employee Retention | Modern restaurant management

The high turnover common in the restaurant industry has only accelerated in the past nine months. During the first months of the COVID-19 pandemic, many restaurant chains saw their activity decline and had to lay off or reduce the hours of their employees. Longtime food and hospitality workers left the industry, choosing to seek positions […]

Restaurant business

A reformulated taste of Colorado amid the evolution of downtown dining – CBS Denver

DENVER (CBS4) – A Taste of Colorado is back after a year-long hiatus due to the pandemic. It’s reworded and moved, but should still attract a crowd. (credit: CBS) “We decided to bring it all to the heart of downtown, showcase our local businesses,” said Sharon Alton, senior vice president of downtown experiences for the […]

Restaurant business

This past terrible year could change the restaurant industry for the better | Opinion

By Peter Sedereas So much has been written about the challenges those of us in the restaurant business have faced over the past year. Like so many industries, the pandemic has taken a toll on our customers and staff, making things we took for granted that much harder. And yet, in some ways, many of […]

Restaurant business

Building a Future-Ready Catering Business in the UAE: How to

Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. The COVID-19 pandemic has impacted all sectors, with one of the hardest hit being the restaurant industry. Therefore, now more than ever, restaurants are looking for ways to optimize costs in an effort to increase […]

Restaurant business

TravelCenters of America completes sale of self-catering business

WESTLAKE, Ohio – TravelCenters of America Inc. (TA) is no longer a stand-alone restaurant business. The travel center operator has completed the sale of 42 locations primarily under the Quaker Steak & Lube brand for aggregate proceeds of $5 million. “This strategic divestment is an important step in supporting TA’s strategy to be a more […]

Restaurant entrepreneur

Restaurant entrepreneur wants to thank every nursing home worker in Canada with a free meal

Mohamad Fakih built a restoration empire from the ground up, and COVID-19 nearly destroyed it. Yet in a surprising contradiction, her kitchens are buzzing right now. Many of its Canada-based Paramount Middle Eastern Kitchen restaurants remain closed, particularly those located at airports and food courts. And virtually all of the seats inside the dining rooms […]

Restaurant service

More restaurants, service layoffs likely looming in SC amid COVID

From restored jobs to rebounds in manufacturing and commerce, much of South Carolina’s economy rebounded sharply in the second half of this year, with the exception of one important sector, which could get worse before it gets better. The state’s hospitality and entertainment industry, which includes restaurants, bars and a wide range of other service-oriented […]

Restaurant entrepreneur

Leading restaurant entrepreneur sets up new business to take over dead department stores

The founder of one of the world’s largest Mexican restaurant chains has set up a new venture to take over former UK department stores and transform them into thriving mixed-use spaces designed as a public version of Soho House. Tortilla founder Brandon Stephens is leading the new business and is in advanced talks with owners […]

Restaurant service

Coronavirus Slows Driving Restaurant Service Times, Study Finds | Business

(FOX NEWS) – If your fast food seems a little slower these days, it’s not just your imagination – and the coronavirus pandemic may be to blame. Drive-thru times at 10 of the nation’s top fast food restaurants are up almost 30 seconds on average from a year ago, according to a report by market […]

Restaurant service

Coronavirus slows drive-through restaurant service times, study finds

If your fast food seems a little slower these days, it’s not just your imagination – and the coronavirus pandemic may be to blame. Drive-through times at 10 of the nation’s top fast-food restaurants have increased by an average of nearly 30 seconds from a year ago, according to a report by market research agency […]

Restaurant business

How some third-party delivery services are hampering the restaurant industry

Delivery isn’t a bad thing to offer, but for restaurants, some delivery services can mean bad business for them. May 6, 2020 5:36 p.m. Job : May 6, 2020 5:36 p.m. Update: May 6, 2020 7:02 p.m. MADISON, Wis. – We all appreciate the convenience of having food delivered to your doorstep. But, meals that […]

Restaurant business

Limited capacity could destroy restaurant business

When cases of COVID-19 were first reported in Memphis, Tennessee, in early March, Kelly English was quick to shut down dine-in service at her three restaurants. But on April 27, when Memphis Mayor Jim Strickland announced a tentative reopening plan for the city, which includes reopening restaurants to diners, English did not begin planning for […]

Restaurant service

Houston service workers struggle as coronavirus disrupts bar and restaurant service – Houston Public Media

A sign on the door of the Midtown bar Axelrad, announcing its closure. Bars and nightclubs are closed in a bid to stop the spread of coronavirus, and restaurants have been told to limit service, leading to layoffs and uncertainty among service workers. Lonne Martinec worked for a Goode Company restaurant for almost nine years. […]

Restaurant business

How the coronavirus is affecting the restaurant industry, in a graph

In addition to its high cost to human life, the novel coronavirus has wreaked havoc on a number of industries, including airlines, cruises and conferences. As people, governments and public health experts stress the importance of social distancing as a way to stem the spread of contagion, restaurants are seeing a major drop in footfall. […]

Restaurant business

Five Ways to Drive Traffic to Your Restaurant Business

Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. While the UAE’s tourism sector is still booming (and Expo 2020 is just around the corner), the country continues to dominate the F&B market in the Middle East region, ranking second behind Paris in terms […]

Restaurant business

The future of catering, in 3 IPOs

A national restaurant chain has not gone public in the United States through traditional channels since 2015. But that doesn’t mean the industry isn’t a priority for investors. Indeed, a trio of recent initial public offerings paint a picture of the evolution of the restaurant industry. These deals – plant-based burger maker Beyond Meat, delivery […]

Restaurant entrepreneur

A young restaurant entrepreneur has his eyes on the future | News, Sports, Jobs

TR FILE PHOTO Garrett Goodman, from Marshalltown, owns the Flying Elbow, 35 N. Center St. The building housing the restaurant was destroyed in the July 19 tornado and was demolished last week. The July 19 tornado brought down Garrett Goodman’s business, but not. After demolition, only the basement walls of The Flying Elbow, 25 N. […]

Restaurant business

Why private equity is good for the restaurant industry

Private equity investors can be infuriating. They have limited timeframes for ownership, which can come with a short-sighted view of a company’s future. They sometimes decide that a brand is better off as a cash cow than a brand that was primed for growth, keeping it alive only to pay off the huge debt, used […]