News
2022 State of the Restaurant Industry Report Predicts Continued Challenges
The National Restaurant Association released its 2022 State of the Restaurant Industry report that looks at how the industry has been affected by pandemic-related changes and offers insights on where it’s headed.
Sales Fared Well for Full-Service Restaurants in 2021, Though Profit Margins Shrunk
While 74% of restaurants surveyed reported they maintained or increased sales in 2021, profit margins shrunk to 10%, compared to 12% in 2019, due to the increasing costs of running a restaurant.
Former Focus Brands Exec Joins Krystal
The Atlanta-based quick-service restaurant Krystal has appointed industry veteran Manny Rodriguez as its new vice president of operations.
Foodservice Industry Performance Drops for the Third Month Â
Technomic released its December TIndex, and it showed the performance of the industry has been on a continued decline since September. Â Â Â
Bojangles’ COO To Retire, New VP of Operations Named
Bojangles announced the retirement of COO Brian Unger and the promotion of John Freeman to vice president of operations and support.
Expansion Roundup: Inspire Brands, Dine Brands and More Grow Footprints Â
Dine Brands and Inspire Brands announced overseas expansion plans for Applebee’s, IHOP and Arby’s, and Jeremiah’s Italian Ice, Wienerschnitzel and Rise Southern Biscuits and Righteous Chicken are growing domestically. Here’s a look at the details in this week’s Expansion Roundup.
Hardee’s Gets New Senior VP
CKE Restaurants picked up former Boston Market executive Eric Wyatt as its new senior vice president of Hardee's.
National Restaurant Association, Educational Foundation Announce 2022 Boards
Lance Trenary, president and CEO of Golden Corral, will serve as chair of the association's board of directors, and Kent Walrack, retired executive vice president and chief strategy officer of Lyons Magnus, will serve as chair of the educational foundation's board of trustees.
Middleby Taps President of Global and Strategic Accounts
Jaime Nau will oversee the Middleby national account teams that work with global restaurant chains, convenience stores, retail outlets, government programs and other strategic accounts.
Pieology Lands New CEO
Shawn Thompson previously served in executive roles with Supercuts, Tim Hortons and Restaurant Brands Int’l.
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