The Wendy's Company (NASDAQ:WEN), the US fast-food chain, faces a longer and more expensive turnaround as Jefferies cuts earnings forecasts and lowers its price target to $6.50 from $7.50. The broker maintains a 'hold' rating, arguing that soft quick-service restaurant (QSR)…
(CNN)– Wendy’s has revealed a turnaround effort dubbed Dave’s Way, in a nod to its founder, Dave Thomas. The multiyear plan will include improvements to Wendy’s menu marketing and delivery. It comes after the 56 year old fast food chain just…
Launches Dave's Way, a multi-year strategy focused on growing customer traffic and market share while strengthening restaurant profitability, with actions underway and early signs of improving performance Reported revenues of $547.0 million and global systemwide sales of approximately $3.3 billion Generated net…
Wendy’s reported its seventh consecutive quarter of declining sales, prompting the company to reveal a turnaround plan while rejecting a massive takeover offer. Thursday’s earnings caps off a tumultuous period for the 56-year-old chain, which included hundreds of closures, leadership…
Red Robin Gourmet Burgers has announced a major portfolio restructuring: 108 company-owned restaurants sold to three franchise operators for a combined $89.4 million, alongside preliminary Q3 results showing comparable restaurant revenue up +3.9%. The transactions, disclosed November 3, 2026, also include a $115 million debt refinancing and…
After nearly two years in Ybor City, Tampa chef Suzanne “Suz” Lara says she will close Lara Apothecary Bar & Bazaar (stylized “LARA”) after the final service on Sunday, Nov. 22. In a Wednesday afternoon social media post. Chef Suz did not…
The national rate of commercial mortgage-backed securities (CMBS) in distress has increased to 11.2% in October, according to loan data from CRED iQ. The commercial real estate analytics platform reported that of the $617 billion in conduit and single-asset, single-borrower (SASB) loans,…
Russo's New York Pizzeria & Italian Kitchen. The Rim appears to have lost another restaurant after its property manager, Big V Property Group, locked out a New York-style pizzeria over alleged unpaid rent, leaving a vacancy in the popular San Antonio…
Submitted by QTR's Fringe Finance I‘ve been harping on the problems in commercial real estate for years now, and one of the more interesting developments over the last several months has been how little anybody seems to be talking…
Ombu Buffet, 3202 S. Sherwood Forest Blvd., Baton Rouge, has permanently closed. Pictured here on Oct. 28, 2026. Newly renovated seating at Ombu Buffet on November 14, 2024. The restaurant plans to open next week. The buffet area at Ombu Buffet Ombu Buffet in Baton Rouge…
Goodbyes and going-out-of-business.
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