QSR INDEXMCD 292.41 +0.8%SBUX 84.12 −1.2%YUM 148.77 +0.4%QSR 68.90 +1.1%CMG 48.15 −0.3%DPZ 421.55 +2.1%WING 244.63 +3.4%SHAK 96.20 −0.7%WEN 14.02 +0.2%69 CHAINS TRACKED · UPDATED DAILY

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Finance & EconomicsMAR 24, 20267 MIN READ

Trump Lifts Select Food Tariffs: What the Executive Order Means for Restaurant Operators

President Trump signed an executive order removing tariffs on select food and beverage imports, including beef, coffee, tropical fruit, and fertilizers. Operators running beef-forward menus or premium coffee programs get real relief. Chicken, pork, and dairy operators are still on their own.

Industry AnalysisMAR 24, 20266 MIN READ

KFC's American Decline: How the Original Chicken Chain Fell to Fifth Place

KFC, the chain that invented fast-food fried chicken in America, has fallen to fifth place among US chicken chains. Consumer spending dropped 4% to $4.34 billion as Raising Cane's and Wingstop surged past the Yum Brands stalwart, exposing structural problems no LTO can fix.

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OneRyan Global Acquires Mr. Gatti's Pizza: A Dallas Family Office Bets on the Pizza Buffet's Second Act

OneRyan Global, the family investment office of tax consulting titan Brint Ryan, has acquired a controlling interest in Mr. Gatti's Pizza, capping a transition to a fully franchised system and positioning the 57-year-old pizza buffet brand for an unconventional expansion into Walmart stores and convenience locations.

Industry AnalysisMAR 24, 20268 MIN READ

Layne's Chicken Fingers Signs 44-Unit West Texas Deal as Franchise Surge Accelerates

A College Station chicken finger brand that once operated a single restaurant near Texas A&M is now chasing statewide saturation. A 44-unit deal with C5 Restaurants signals Layne's may be on a trajectory similar to Raising Cane's early expansion years. Whether the crowded chicken QSR segment leaves room for another ascent is the central question operators and investors should be asking.

Finance & EconomicsMAR 24, 20268 MIN READ

Logan's Roadhouse Has a Third Owner in Six Years. Does SSCP Management Have a Plan That Actually Works?

SSCP Management's quiet acquisition of Logan's Roadhouse from SPB Hospitality is the latest chapter in the struggling steakhouse chain's ownership saga. With this being SSCP's third distressed-brand buy in five years, the question for investors and franchisees is whether the collect-and-rehabilitate strategy produces real turnarounds or just delays inevitable decline.

Industry AnalysisMAR 24, 20268 MIN READ

Zaxby's Crosses 1,000 Restaurants and Sets Its Sights on a National Footprint

Zaxby's quietly surpassed 1,000 restaurants in January 2026, operating across 22 states with 60+ new openings planned for the year. The brand's Modern Farmhouse prototype and Goldman Sachs-backed expansion push raise a core question for the industry: can a deeply regional chain scale to national relevance without losing what made it work?

Operations & ManagementMAR 24, 20269 MIN READ

Portillo's Strategic Reset: How a Chicago Icon Choked on Its Own Expansion

Portillo's raised $466 million in its 2021 IPO on promises of 920 locations. Four years later, the stock has lost 90% of its value, a CEO is gone, and an activist investor forced a full strategic pivot. The story of what went wrong is a lesson every regional chain operator needs to read.

Finance & EconomicsMAR 24, 20266 MIN READ

The Great Restaurant Stock Divergence: Why CAVA and Wingstop Trade at Premium Multiples While Legacy Chains Stall

Public restaurant equities have split into two distinct tiers. Growth names like CAVA and Wingstop command premium valuations on the strength of traffic gains and unit expansion; legacy QSR and casual dining stocks are trading at distressed multiples or heading private. Here is what separates the winners from the losers, and whether current prices are justified.

Operations & ManagementMAR 24, 20267 MIN READ

Texas Roadhouse Keeps Defying Gravity: Traffic Gains, Tech Upgrades, and the 50th Bubba's 33

Texas Roadhouse posted 3.5% comp growth in Q1 2026 while peers bleed traffic, opened its 50th Bubba's 33, and keeps proving that from-scratch food and equity-driven management are the most durable competitive advantages in casual dining. Here's what operators at every price point can learn from their model.

Marketing & GrowthMAR 24, 20268 MIN READ

Chick-fil-A's Spring 2026 Menu Offensive: Seven New Items and the Jalapeño Ranch Gambit

Chick-fil-A launched seven new menu items on March 9, 2026, capping a period in which the chain quietly rolled out six additional sandwiches earlier in the year. The headline move is a Jalapeño Ranch Club sandwich lineup that signals something more than a seasonal refresh.

Technology & InnovationMAR 24, 20267 MIN READ

The Cheesecake Factory Finally Goes Digital: 26 New Restaurants and a First-Ever Mobile App

The Cheesecake Factory is launching its first-ever dedicated mobile app in Q2 2026, making it one of the last major full-service chains to close the digital gap. Combined with plans to open up to 26 new restaurants across its multi-brand portfolio, the company is betting that a diversified growth model can outpace rivals anchored to a single concept.

Industry AnalysisMAR 24, 20267 MIN READ

Dave's Hot Chicken and Roark Capital: A Billion-Dollar Bet on Becoming the Next Wingstop

Roark Capital paid roughly $1 billion for a 245-unit Nashville hot chicken chain in June 2025. The math only makes sense if you understand the Wingstop playbook Roark has already run once before, and why Dave's Hot Chicken might be the one brand positioned to repeat it.

Industry AnalysisMAR 24, 20266 MIN READ

19-Unit Starbird Signs 36-Store Texas Deal to Triple Its Footprint

A California super-premium chicken chain just signed its biggest development deal ever, with a Texas auto dealership empire as the franchisee.

Industry AnalysisMAR 24, 20266 MIN READ

Gong cha Buys Back 170 U.S. Franchise Locations to Fuel National Push

Gong cha's acquisition of master franchise rights covering 170 U.S. locations signals a structural shift in how the global bubble tea leader plans to control its American growth.

Technology & InnovationMAR 24, 20266 MIN READ

Bojangles Scales AI Drive-Thru to Nearly 500 Stores With 96% Accuracy

Bojangles has deployed Hi Auto's voice AI system across nearly 500 locations, maintaining 96% order accuracy at scale and cutting drive-thru employee workload by a third.

Finance & EconomicsMAR 24, 20268 MIN READ

Fat Brands Sets April 3 Bid Deadline as 120+ Buyers Circle 18 Restaurant Chains

With a court-ordered sale process now live, more than 120 potential buyers are evaluating Fat Brands' 18 chains and 2,300-plus locations. CEO Andy Wiederhorn is out, the April 3 deadline is set, and franchisees are running out of runway to protect themselves.

Finance & EconomicsMAR 24, 20266 MIN READ

Red Lobster Burns Through Cash as Post-Bankruptcy Turnaround Stalls

With $2.1 million in projected net income across 550 locations and results that Bloomberg calls 'little improved from before its bankruptcy,' Red Lobster's celebrated comeback may be more press release than reality.

People & CultureMAR 24, 20267 MIN READ

Chicken Salad Chick's Millennial and Gen Z Franchisee Surge Signals a New Franchise Model Preference

Chicken Salad Chick named Jill Thomas CMO as the brand reports a record 2025 with nearly 100 new franchise deals and a pipeline surpassing 300 units, driven by younger entrepreneurs seeking structured ownership.

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