Meet the Meal-Kit Delivery Service Trying to Compete with Blue Apron

Winter weather and understaffing savaged February's restaurant industry outlook. Andy Wiederhorn, Fat Brands President and CEO, told Cheddar he anticipates a rebound come spring, but warned that rising wages will continue to pose a challenge for the margin-strapped industry. "Everyone wants their employees to make more money, but there's a cost to it. It isn't free," Wiederhorn said.

Tonya Garcia, MarketWatch retail reporter, says the meal-kit delivery service, which saw shares pop after its latest earnings report, could survive amid all the competition, but it must be a stand-out.

Blue Apron reported earnings for the first time since going public in June, and it's cooking up some losses. Zoe Henry, reporter at Inc. Magazine, explains why investors should be worried about its 9% decline in customers from the last quarter. Plus, she reacts to the report that Blue Apron spends $400 per customer to retain them. In addition, Zoe predicts what Snap needs to do in order to push Facebook aside.