How to Calculate the Right Menu Price for Each Item
Learn how to calculate menu price by analyzing ingredient costs, labor, overhead, demand, and contribution margin for stronger restaurant profits.
Jun 17, 2026
Learn how to calculate menu price by analyzing ingredient costs, labor, overhead, demand, and contribution margin for stronger restaurant profits.
Jun 17, 2026
Explore best Areas in Chicago to open a restaurant by matching neighborhood demand, concept type, costs, traffic, and customer behavior.
Jun 17, 2026
BJ's Restaurants has appointed Monika Saxena as brand president, bringing over two decades of experience from LongHorn Steakhouse and Darden Restaurants, where she helped drive 20 consecutive quarters of positive comparable sales growth.
Jun 17, 2026
Blue Bottle Coffee has introduced Kyoto-Style Espresso, a slow-drip cold espresso made without machines, launching across its 152 global locations on June 16 with seven new cold drinks designed specifically for the way modern customers order coffee.
Jun 17, 2026
Hungry Howie's has appointed Jimmy Simonte as Executive Vice President of Marketing, bringing more than 25 years of Domino's experience to the Michigan-born pizza brand as it undergoes a major technology overhaul and prepares to launch a new loyalty programme.
Jun 17, 2026
Starbucks CFO Cathy Smith is transferring her principal accounting officer role to Val Bauduin, who will continue serving as SVP of corporate finance and development while reporting to Smith amid the chain's ongoing turnaround.
Jun 17, 2026
Yum Brands has agreed to sell Pizza Hut through two separate transactions totalling $2.7 billion, with Long Range Capital acquiring the global business for $1.5 billion and Yum China Holdings purchasing the China operations for $1.2 billion.
Jun 16, 2026
Scooter's Coffee is running a buy-one-get-one drink offer from June 19 to 21, available exclusively through its mobile app after 11 a.m.- giving customers three days to treat dad to a free drink this Father's Day weekend.
Jun 16, 2026
A group of Twin Peaks franchisees has been named strategic advisor to the chain's new owners following its sale out of bankruptcy, with a clear path to acquiring the brand outright within the next 12 to 16 months.
Jun 16, 2026
Denny's is launching The Clock's Off Menu on June 24, combining breakfast, lunch, and dinner favorites available any time of day, alongside new Slammin' Meal Deals Under $10 and exciting rewards for new members.
Jun 16, 2026
Explore the recent recapitalization deal of Pinstripes and the challenges faced by the eatertainment industry. Learn how Pinstripes aims to revitalize its brand amidst financial struggles.

The recent announcement by Dale Schwartz, Pinstripes' CEO, regarding the recapitalization deal signifies a significant step in restructuring the company's financial framework. With a focus on enhancing the balance sheet and financial flexibility, this move aims to benefit various stakeholders, including investors, customers, vendors, and team members. Schwartz's emphasis on long-term potential and the reflection of investor confidence highlight a strategic vision to revitalize the Pinstripes brand.
The departure of CFO Tony Querciagrossa following the breach of loan covenants with Oaktree sheds light on the financial struggles faced by Pinstripes. Factors such as a decline in same-store sales and maintaining an acceptable net leverage ratio necessitated a shift towards considering strategic alternatives. The infusion of a significant $7.5 million loan from Oaktree, subject to strict utilization guidelines, alongside potential additional funding, underscores the urgent need for financial restructuring within the company.
Despite facing losses and operational challenges, Pinstripes' commitment to revitalization is evident through its strategic decisions. The recapitalization deal marks a crucial phase in the company's journey towards financial stability. By addressing its cash flow position and extensive debt, Pinstripes aims to navigate through turbulent times and emerge stronger in a competitive market landscape.

The story of Pinstripes reflects broader challenges within the eatertainment industry. The struggle to maintain profitability amid high operational costs and fluctuating consumer demand has been a common theme among industry players. Recent instances of delisting and operational setbacks in similar businesses like Noodles & Company and Dave and Buster's underscore the need for strategic adaptability and resilience in the face of evolving market dynamics.
The turmoil faced by Pinstripes and other eatertainment establishments serves as a reminder of the volatile nature of the industry. To thrive and sustain growth, companies must proactively address financial vulnerabilities and embrace innovative strategies to attract and retain customers. The revitalization journey of Pinstripes encapsulates the resilience required to overcome challenges and position oneself for long-term success in a competitive market environment.