Another restaurant company has filed for bankruptcy. BurgerFi International, the owner of its flagship fast-casual burger chain and Anthony’s Coal-Fired Pizza, declared Chapter 11 bankruptcy with up to $500 million in liabilities and less than $100 million in assets.
Dave & Buster’s is doing great, so long as you don’t look at its sales. Net income at the food-and-games chain increased 12% in the second quarter and the company generated more cash, which it either used to invest back in the business or return cash to shareholders.
Menu inflation continued its stubborn streak in August, with new data from the Bureau of Labor Statistics showing that limited-service menu prices were up 4.3% year-over-year, while full-service prices were up 3.8%.
Carvel is jumping into Texas with a new concept. A fine-dining operator in Houston has opened the first of 10 fast-casual restaurants it intends to open in collaboration with Carvel, the soft-serve ice cream concept concentrated in the Northeast.
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