4h ago
Cracker Barrel to upgrade chicken, hamburger and steak dinners as it pays down debt
Cracker Barrel said it plans to upgrade three popular dinner items—chicken, hamburgers and steak. The company also completed a sale-leaseback deal involving 26 company-owned restaurants, generating about $77 million in net proceeds to repay debt and partially offset $150 million of 0.625% convertible senior notes that matured and were repaid in June. Total debt ended the quarter at $337.2 million, down $147.4 million from the prior year. The CFO said the average guest check is about $16, underscoring the chain’s value proposition.
4h ago
4h ago
McDonald’s to provide about $8.5 billion in franchisee support through 2036 under NEXT modernization plan
McDonald’s has rolled out its NEXT growth strategy, planning to provide franchisees about $8.5 billion in support through 2036, including roughly $5 billion through 2030, to fund restaurant modernization, technology deployment and operational improvements. The company is targeting about 250 basis points of restaurant-level gross margin improvement, translating to about $100,000 in annual cash flow benefits for the average restaurant. It also expects unit expansion to contribute nearly 2.5% to systemwide sales growth in 2027, easing to about 2% by 2030.
4h ago
2d ago
Tesla reopens next-generation Roadster reservations with $50,000 refundable deposit
Tesla has reopened reservations for its long-delayed next-generation Roadster, requiring customers to put down a $50,000 fully refundable deposit. The process begins with a $5,000 credit-card payment, followed by a $45,000 wire transfer within 10 days. The car was previously pitched at a $200,000 base price, with a $250,000 limited “Founders Series,” and Tesla has cited performance targets including 0–60 mph in 1.9 seconds and a 620-mile range. Tesla plans to unveil the redesigned vehicle on Oct. 1 at an event in Texas.
2d ago
2d ago
Major Wendy’s franchisee Meritage Hospitality Group files for Chapter 11 bankruptcy
Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., has filed for bankruptcy protection after rising beef costs and a dispute with Wendy’s corporate parent. Store-level earnings fell 48% in 2025, while the company posted a $31.5 million net loss and revenue declined 7.6% to $617.7 million. Wendy’s franchising unit has asserted $146.9 million in claims, including past-due royalties and fees and Continuous Operations Fees.
2d ago
9-16
Ford refreshes 2027 F-150 with hands-free towing and first Carhartt edition
Ford Motor Company has unveiled a refreshed 2027 F-150 featuring hands-free towing via BlueCruise, usable across more than 130,000 miles of compatible highways while pulling trailers up to 10,000 pounds. The update also introduces the first-ever F-150 Carhartt package in partnership with the Michigan-based workwear brand. Ford said the lineup receives styling and powertrain revisions shaped by customer feedback and real-world truck use.
9-16
9-14
U.S. diesel average hits record $6.20 a gallon, adding pressure ahead of November midterms
The U.S. average price of diesel has climbed to a record $6.20 per gallon, up sharply from $3.69 in January 2025. The rise has been driven by the war between the United States and Iran, which has disrupted oil shipping through the Strait of Hormuz and stoked fears of supply interruptions. Because diesel is a key industrial fuel, the surge could lift supply-chain costs and become a political flashpoint ahead of the midterm elections.
9-14
9-11
O’Charley’s, a 55-year-old casual dining chain, reportedly shuts its remaining company-run restaurants nationwide
O’Charley’s, a 55-year-old U.S. casual dining chain, has reportedly permanently closed all of its remaining company-operated restaurants nationwide. Parent company Cannae Holdings holds a 65.4% equity interest, and its SEC filings show guest counts fell 23.8% year over year in Q2 2026 while comparable-store sales dropped 13.1%. Comparable-store sales were down 12.8% over the first six months of 2026.
9-11