Around the Restaurant Industry at RFDC
Stagnant foot traffic, an uneven post-COVID recovery, the rise of automation, and a broad-based consumer drive for experiences over things were the key themes at this year’s Restaurant Finance & Development Conference in Las Vegas. Produced by Food On Demand...
Uber’s Revenue Up 11 Percent as Delivery, New Verticals Rise
While Uber slightly missed analyst expectations for its third-quarter 2023 financial results, the delivery, freight and rideshare provider posted growth in active users and gross bookings, boosting its share price from the low 40’s to approximately $50/share. ...
DoorDash Posts Best Quarter Since IPO
DoorDash’s shares have maintained their post-earnings jump after the San Francisco-based delivery giant reported its third-quarter financial results showing double-digit increases in total orders and revenue, among others. Its shares rose approximately 20 percent...
Nestle Invests $100M in Wonder
New York-based Wonder Group has now received approximately $950 million in funding over its three-year history after receiving a $100-million investment from Nestle, according to CNBC. The nine-figure investment comes in the wake of a succession of big-ticket...
Domino’s Sees Delivery Sales Fall After Incentivizing Customer Pickup
A year and a half after a national ad campaign incentivized Domino’s customers to pick up their pizzas rather than having them delivered, the pizza giant’s customers have followed suit as its pickup sales rise and delivery sales fall. During its third-quarter 2023...
Streaming Now
Off Premises University is a new digital content series designed to inform and educate restaurant operators on some of the most critical off-premises issues affecting their business and the best practices to address them.