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GEN Korean BBQ Opens 12th Texas Location in Waco
Globenewswire· 2025-07-10 12:00
Expansion Throughout Texas Proves Strong, Continued Growth in the StateCERRITOS, Calif., July 10, 2025 (GLOBE NEWSWIRE) -- GEN Restaurant Group, Inc. (“GEN” or the “Company”) (Nasdaq: GENK), owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature “grill at your table” experience, today announced the opening of its Waco, Texas location. This opening represents the Company’s 8th new restaurant in 2025. “Continuing our expansion in Texas is a result of our strong perf ...
X @Bloomberg
Bloomberg· 2025-07-10 11:20
Smoothie King, the Dallas-based restaurant chain, sells a minority stake to consumer investor Main Post Partners https://t.co/ytHRPcjRDk ...
Happy Belly's Heal Wellness QSR Expands Alberta Footprint as Existing Multi-Unit Franchisee Increases Commitment from 10 to 15 Locations
Newsfile· 2025-07-10 10:00
Core Insights - Happy Belly Food Group Inc. has expanded its franchise agreement with an existing multi-unit franchisee in Alberta from 10 to 15 units for its Heal Wellness brand, which specializes in fresh smoothie bowls and smoothies [1][3][5] - The expansion reflects strong organic support from the franchisee base, indicating a growing interest in multi-unit ownership among existing operators [3][5] - Heal Wellness is recognized as Canada's first national smoothie bowl brand, with a scalable, asset-light model that supports its growth and enhances value for franchise partners and investors [5][6] Company Overview - Happy Belly Food Group Inc. is a leader in acquiring and scaling emerging food brands across Canada [9] - The company has a total of 616 retail locations under contract, which includes development, construction, and operational stages, indicating a robust franchise pipeline [5][6] Brand Performance - Heal Wellness has seen significant growth since its initial five-unit agreement in October 2023, doubling to 10 units by May 2024, and now expanding to 15 units [3][5] - The brand is experiencing increasing brand awareness and customer loyalty, contributing to its expanding national footprint with additional units under construction in Alberta, Ontario, and Prince Edward Island [5][6] Strategic Growth - The company is focused on a strategic blend of organic growth and targeted acquisitions to accelerate the momentum behind Heal Wellness and its broader portfolio [5][6] - By aligning with experienced operators and securing prime real estate, Happy Belly aims to strengthen its long-term fundamentals and deliver sustained growth through 2026 and beyond [6]
The Keg Royalties Income Fund announces July 2025 cash distribution
Globenewswire· 2025-07-10 00:29
Company Overview - The Keg Royalties Income Fund is a limited purpose, open-ended trust established under Ontario law, owning trademarks and related intellectual property used by Keg Restaurants Ltd. [2] - Keg Restaurants Ltd. operates over 100 restaurants and has annual system sales exceeding $700 million, making it the leading operator and franchisor of steakhouse restaurants in Canada [3] Financial Performance - The Fund declared a distribution of $0.0946 per unit for July 2025, payable to unitholders of record as of July 21, 2025, with payment scheduled for July 31, 2025 [1] Operational Highlights - Keg Restaurants Ltd. employs approximately 10,000 individuals and continues to expand its restaurant system through both corporate and franchised locations [3] - KRL has been recognized as the number one restaurant company to work for in Canada according to Forbes' "Canada's Best Employers 2025" survey [3]
Portillo's Announces Second Quarter 2025 Earnings Webcast
Globenewswire· 2025-07-09 20:30
Company Overview - Portillo's, Inc. (NASDAQ: PTLO) has expanded from a small hot dog trailer in Chicago to over 90 restaurants across 10 states [2] - The brand is recognized for its unique menu, which includes Italian beef sandwiches, Chicago-style hot dogs, char-grilled burgers, fresh salads, and chocolate cake [2] - Portillo's operates a company-owned model that focuses on creating experience-oriented destinations, offering dine-in, drive-thru, takeout, and delivery services [2] Upcoming Events - Portillo's will host a Q2 2025 Earnings Webcast on August 5, 2025, at 10 a.m. EST [1] - The earnings release for Q2 2025 will be available before the market opens on the same day [1] - The webcast will be accessible for replay on the Portillo's Investor Relations website [1]
Elmhurst Man Threatens Restaurant Workers: Cops
Elmhurst, IL Patch· 2025-07-09 19:14
Summary of Key Points Core Perspective - An Elmhurst man has been accused of making numerous threats against employees of a Western Springs restaurant, leading to multiple arrests and charges related to harassment and battery [3][4]. Incident Details - The suspect, a 25-year-old man, allegedly made between 150 to 200 threatening phone calls to Hillgrove Tap, stating, "Your chef is going to die tonight" [5]. - The police report indicates that the man had a personal issue with someone at the restaurant, possibly related to a former girlfriend [6]. Legal Actions - The suspect was arrested on charges of telephone harassment and criminal damage, although a felony charge requested by Western Springs was denied by a Cook County prosecutor [4]. - Following the threatening calls, the suspect was arrested on four counts of battery after allegedly assaulting two sisters at his home [4].
These Analysts Boost Their Forecasts On Kura Sushi USA Following Upbeat Q3 Results
Benzinga· 2025-07-09 16:33
Financial Performance - Kura Sushi USA reported quarterly earnings of 5 cents per share, exceeding the analyst consensus estimate of a loss of 1 cent per share [1] - The company achieved quarterly sales of $73.965 million, surpassing the analyst consensus estimate of $71.832 million [1] - Kura Sushi raised its FY2025 sales guidance from a range of $275 million to $279 million, now set at $281 million [1] Management Commentary - Hajime Uba, President and CEO, expressed satisfaction with the third quarter's performance, highlighting the rollout of a new reservation system, exploration of new market opportunities, and development of the IP pipeline [2] - Uba emphasized the team's efforts to capitalize on the summer season and prepare for a strong fiscal 2026 [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Kura Sushi shares fell by 13.2%, trading at $75.00 [2] - Roth Capital analyst George Kelly reiterated a Buy rating and raised the price target from $89 to $106 [8] - Lake Street analyst Mark Smith maintained a Buy rating and increased the price target from $62 to $98 [8] - Barclays analyst Jeffrey Bernstein kept an Equal-Weight rating and raised the price target from $71 to $75 [8]
X @Investopedia
Investopedia· 2025-07-09 16:00
Starbucks reportedly has attracted offers for a potential stake sale in its Chinese business that value it between $5 billion and $10 billion. https://t.co/6fW0EgZ8WT ...
餐饮业破局“内卷”:透明化溯源与品质升级成竞争新方向
Xin Hua Cai Jing· 2025-07-09 15:44
Core Viewpoint - The Chinese catering industry is actively seeking breakthroughs in the face of homogenized competition and price wars, shifting focus towards food safety and quality assurance through source control and process transparency [1][2][3]. Group 1: Industry Trends - Catering enterprises are increasingly collaborating with delivery platforms to enhance food safety and quality, moving away from inefficient price competition [1]. - The industry is witnessing a shift towards value competition centered on trust and quality, as highlighted by various industry leaders [1][2]. - The Chinese Catering Association has issued an initiative to resist "involution-style" competition, advocating for quality-first principles and the rejection of irrational price wars [3]. Group 2: Technological Innovations - Leading companies are leveraging digital tools to strengthen food safety measures, with Hai Di Lao implementing a management information system for food safety risk identification [2]. - Meituan's "Raccoon Kitchen" project aims to establish a food safety mutual trust mechanism, focusing on traceable supply chains and transparent operations [2][3]. - The initiative includes plans to invest in 1,200 "Raccoon Kitchens" nationwide over the next three years to enhance the quality of takeout food [2]. Group 3: Quality and Supply Chain Management - High-quality standards are emphasized as essential for navigating multiple market cycles, with a focus on flavor, nutrition, and emotional delivery [2]. - Supply chain management is identified as a core element for the survival and legacy of traditional Chinese brands amid increasing competition [2]. - The industry is encouraged to innovate in new business models and technologies to enhance overall efficiency and profitability [4].
Approaching Decade Low, Wendy's Falls Into Contrarian Value Range
Seeking Alpha· 2025-07-09 14:43
Group 1 - The Wendy's Company (NASDAQ: WEN) was initially viewed unfavorably due to an unsustainable dividend and typical fast food chain characteristics [1] - The analysis emphasizes the importance of identifying underappreciated companies that can return value to investors [1] Group 2 - The author has extensive experience in investment analysis, focusing on deep-discount value plays and contrarian investment philosophy [1]