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| U.S. Restaurant Employment Trends |
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| A pre-summer uptick in the restaurant industry’s prime labor pool is driving the optimistic summer employment forecast. Read more |
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| Development News |
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| Own Your Own (OYO), the newest company from Hotjobs.com founder Richard Johnson, is designed to give entrepreneurs the opportunity to open new businesses and revitalize small towns across America, starting with Burgaw, North Carolina. Read more |
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| Development News |
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| Four Corners Property Trust (NYSE:FCPT) announced the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million. Read more |
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| Development News |
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| First move-ins are slated for Fall 2024 with the retail and restaurant portions slated for completion in Fall 2025. Read more |
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| Energy Costs |
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| New industry-wide data shows just 29% of hospitality businesses feel optimistic about the next 12 months, with energy their biggest concern, prompting an alliance of trade bodies to once again make a plea for Government to direct energy suppliers to offer fair rates. Read more |
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| Staffing Crisis |
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| Responding to the publication of legal migration figures last week, UKHospitality Chief Executive Kate Nicholls said: 'If there is one thing evident from today’s figures, it’s that the immigration system is not working effectively for businesses.' Read more |
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| Management Appointment Dairy Queen |
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| American Dairy Queen Corporation (ADQ), a subsidiary of International Dairy Queen, Inc. (IDQ) and a leader in the quick-service restaurant (QSR) industry, today announced two new hires to its international business team: Chris Wren, vice president of development, international, and Greg Kirian, vice president of marketing, international. Read more |
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| Red Robin Gourmet Burgers Results |
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| Total revenues are $418.0 million, an increase of $22.4 million compared to 2022. Read more |
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