Restaurant Inflation: Final CPI Report of 2022
Prices consumers paid for food away from home (meals from restaurants) increased 8.5 percent year-over-year in November, according to the final Consumer Price Index (CPI) report of 2022. The data remains almost unchanged to the prior month’s 8.6 percent index....
Virturant Unveils Reconciliation Update
Virturant, a virtual restaurant provider, has launched a new upgrade to its software-as-a-service platform aimed at helping restaurant operators reconcile their third-party delivery orders. Called Rapid-Reconcile, it is designed to instantly process thousands of...
Panelists Discuss Next-Generation Pricing Strategies
When it comes to pricing, it’s the “topic on every restaurant, every company, and every CEO’s mind,” said Dylan Bolden, managing director and senior partner at Boston Consulting Group. Moderated by Alan Hickok of Boston Consulting Group,...
Olo Increases Revenue as Net Loss Widens
Olo’s third-quarter financial results brought a mixed bag of milestones for the New York-based delivery integration provider. Total revenues increased 26 percent year-over-year to $47.3 million, but its net loss was $14.6 million, which compares to a net loss of $11.3...
Presto Goes Public in SPAC Deal with Vow to Automate More Restaurants
Presto Automation has merged with shell company Ventoux to go public in one of the few successful SPAC deals in recent months, raising about $120 million from the public as well as a strategic investment from Cleveland Avenue and others and an infusion from...
Outstanding Operators
Food On Demand Outstanding Operators features restaurant brands with innovative operations that are taking creative paths to success with delivery and all things off-premises.
