Chicago-style hot dogs, Italian beef sandwiches, and burgers
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.
March 24, 2026
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.
March 24, 2026
While Chipotle missed estimates and Sweetgreen's stock cratered 27.7%, CAVA posted $331.8M in revenue and 10.8% same-restaurant sales growth in Q1 2026. Here's what the Mediterranean chain is doing differently and why it matters for the fast-casual sector.
March 24, 2026
Blackstone paid $8 billion for a majority stake in Jersey Mike's, making it one of the most expensive QSR acquisitions in history. Now the private equity giant is executing a textbook franchise growth play: 400+ new units in 2026, international expansion into the UK and Ireland, and whispers of an IPO before the decade ends.
March 24, 2026
Portillo's reported $732 million in fiscal 2025 revenue across 102 locations, but same-restaurant sales declined 3.3% in Q4. The Chicago icon is rethinking its expansion playbook under new leadership, and the numbers tell a complicated story.
March 20, 2026
941 locations, $2.66M AUV, and Goldman Sachs pushing expansion. Can Zaxby's compete with Raising Cane's and Chick-fil-A in an overcrowded chicken segment?
March 20, 2026