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Restaurant Industry News 12 October 2025 - 16 November 2025

Freddy’s Frozen Custard Franchisee M&M Custard Files Chapter 11, Putting 32 Dairy Queen Rival Locations at Risk

Freddy’s Frozen Custard Franchisee M&M Custard Files Chapter 11, Putting 32 Dairy Queen Rival Locations at Risk

OVERLAND PARK, Kan. — One of the largest operators of Freddy’s Frozen Custard & Steakburgers has filed for Chapter 11 bankruptcy protection, sending fresh shockwaves through the already-stressed frozen dessert and fast-casual sector on Sunday, November 16, 2025. M&M Custard LLC, an Overland Park–based franchisee that runs 32 Freddy’s locations across six states, submitted its voluntary Chapter 11 petition to the U.S. Bankruptcy Court for the District of Kansas on Friday, November 14. Court filings show roughly $5–$5.2 million in assets against about $27.7–$28 million in liabilities, and list between 100 and 199 creditors.  The Sun+3ET Now+3The Economic Times+3 The case
16 November 2025
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Wendy’s to Close 200–350 U.S. Restaurants as ‘Project Fresh’ Accelerates — What We Know Today (Nov. 10, 2025)

Wendy’s to Close 200–350 U.S. Restaurants as ‘Project Fresh’ Accelerates — What We Know Today (Nov. 10, 2025)

Wendy’s will shutter a mid‑single‑digit percentage of its U.S. restaurants, equal to roughly 200–350 locations, as part of a turnaround dubbed “Project Fresh.” Here’s the latest for Monday, Nov. 10. Nation’s Restaurant News+1 What’s new today (Nov. 10) Industry outlets added color to Wendy’s plan this morning, noting the closures are one piece of a broader effort to regain U.S. traffic while competitors posted quarterly gains. Executives also highlighted a sharper marketing focus and a push to win new customers — not just repeat value seekers — under Project Fresh. Restaurant Dive+1 How many stores, and where? Wendy’s guided to
10 November 2025
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Sweetgreen (NYSE: SG) Cuts 2025 Outlook, Sells Spyce Robotics to Wonder for $186.4M After Weak Q3 — 11/7/2025

Sweetgreen (NYSE: SG) Cuts 2025 Outlook, Sells Spyce Robotics to Wonder for $186.4M After Weak Q3 — 11/7/2025

What happened Sweetgreen reported third‑quarter FY2025 revenue of $172.4 million, down 0.6% year over year. Same‑store sales fell 9.5%, driven by an 11.7% drop in traffic and product mix, partly offset by 2.2% of price increases. Digital remained a majority of sales (61.8%), with 35.3% coming through owned digital channels. Restaurant‑level profit margin compressed to 13.1% from 20.1% a year ago, and adjusted EBITDA swung to ‑$4.4M from +$6.8M. The company opened six net new restaurants in the quarter. Business Wire Management cut full‑year guidance, now expecting $682–$688M in revenue, comps of ‑8.5% to ‑7.7%, restaurant‑level margins of 14.5%–15%, and
7 November 2025
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Chipotle Stock Tumbles on Third Forecast Cut — Can the Burrito Chain Bounce Back?

Chipotle Stock Craters After Tepid Q3 Earnings – What’s Next for CMG?

Disappointing Q3 & Guidance Trim Drag Shares Chipotle’s official earnings release confirmed a mixed quarter. Revenue rose to $3.0 billion (+7.5% YoY) but narrowly missed expectations (~$3.03 billion), as comp sales growth (0.3%) failed to offset weaker traffic ts2.tech ir.chipotle.com. EPS came in at $0.29 (GAAP and adjusted), beating last year’s $0.28 ir.chipotle.com but just matching analysts’ consensus marketbeat.com. The report noted softer transactions – partly self-inflicted and largely driven by budget-conscious consumers – among households earning <$100k (40% of Chipotle’s sales) and 25–35-year-olds. CEO Scott Boatwright acknowledged “a massive pullback of our core audience,” saying “we’re not losing [those customers] to
30 October 2025
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Chipotle Stock Tumbles on Third Forecast Cut — Can the Burrito Chain Bounce Back?

Chipotle Stock Tumbles on Third Forecast Cut — Can the Burrito Chain Bounce Back?

Chipotle’s Recent Stock Movement Chipotle’s shares have drifted lower through October. After opening the month near $42–43, the stock slipped amid broader market volatility and lingering doubts about consumer spending. By Oct. 29, CMG traded around $40.40 stockanalysis.com, a level not seen since mid-summer. As TS2.Tech notes, the stock has now fallen about 31% since January ts2.tech, underperforming the S&P 500 by a wide margin. This pullback partly reflects repeated earnings disappointments: for instance, Reuters observed that Chipotle shares “slumped 13%” in July after weak demand caused sales to miss forecasts ts2.tech. In 2025, Chipotle has already trimmed its full-year sales
29 October 2025
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Olive Garden ‘Holiday Shutdown’ Hoax Debunked – Shocking Thanksgiving 2025 Weather Forecast Revealed

Olive Garden ‘Holiday Shutdown’ Hoax Debunked – Shocking Thanksgiving 2025 Weather Forecast Revealed

Rumors vs. Reality at Olive Garden On social media and clickbait sites (notably a Sun tabloid story), claims circulated that Olive Garden would “close all 900 of its restaurants” on Thanksgiving and Christmas calcoasttimes.com. In truth, Olive Garden’s official policy has long been to close every location on those holidays – a practice explicitly noted on the chain’s FAQ page olivegarden.com. As CalCoast Times reports, the viral shutdown story is baseless: “Contrary to viral reports, Olive Garden is not closing all 900 restaurants nationwide in a two-phase shutdown” calcoasttimes.com. Industry observers emphasize this isn’t a new development, but simply the
14 October 2025
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Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

Mexican Dining Crisis: Beloved Chains File Bankruptcy and Close Doors as Industry Hits Breaking Point

In summary, a squeeze on mid-tier Mexican chains is underway: beloved sit-down restaurants are shuttering locations or reorganizing under bankruptcy, even as fast-casual Mexican concepts (like Chipotle) remain popular. Oversupply of similar full-service concepts, plus inflation and labor costs, have forced chains like Abuelo’s to downsize dramatically ibtimes.co.uk calcoasttimes.com. Experts say the fallout is a wake-up call – legacy diners must adapt or consolidate. On the bright side, overall demand for dining out is not collapsing (Sysco reports only a ~1% dip in traffic industry-wide ts2.tech), and consumer surveys show that most people still enjoy eating at restaurants restaurant.org. If
12 October 2025
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