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...
Toast Launches App to Manage Restaurant Operations On-the-Go
POS giant Toast has launched a mobile app for restaurant operators—a highly requested tool among users. The Toast Now app allows operators to run restaurant operations from their phones by gaining visibility into real-time sales, traffic and labor data. The app...
Mini Melts Ice Cream Explores All Channels in Growth Push
For a category typically associated with theme parks, destination malls and kiosks placed in buzzing locations, beaded ice cream maker Mini Melts and its competitors are already accustomed to meeting their energetic customers where they’re at. In the shadow of its...
Craveworthy and C3 Partner to Franchise Mediterranean Fast-Casual Brand
Craveworthy Brands CEO Gregg Majewski said he is excited to partner with C3 for the first time and work with Sam Nazarian’s digital restaurant company to launch the franchising platform for an emerging Mediterranean fast-casual brand he is convinced has enormous...
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...
TGI Fridays Using C3, Krispy Rice Sushi to Expand its Menu
Editor’s note: Brandon Coleman, who TGI Fridays promoted to CEO in August, has resigned for personal reasons, the company announced October 31. Weldon Spangler, a longtime TGI Fridays board member, has been appointed CEO effective immediately. Spangler...
Captain AI Secures $2.1 Million Seed Round, Amid Accelerated Growth in North America
Captain AI, a delivery logistics startup, has secured $2.1 million in seed funding, to further streamline in-house delivery operations for restaurants through AI-driven software solutions. The funding, led by firm GreenSky Ventures, will advance the company’s product...
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.