Casual dining, where checks average $12 to $50 and there is some alcohol service, is still clawing out of a deep hole that saw customers trading down to quick service and fast casual.
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On Tuesday, First Watch CEO Chris Tomasso began his prepared remarks to investors by labeling 2022 "another stellar year," but the glowing description doesn't quite do it justice.
Restructuring a brand out of bankruptcy presents its own set of obstacles. Mix in a global pandemic that’s pounded the industry, and the road to recovery becomes even trickier.
Brix Holdings, which includes 85-year-old Friendly’s and a host of fast-casual concepts, has a straightforward focus for 2023. CEO Sherif Mityas boils it down to one word—growth.