Mendocino Farms masters a meaty Philly cheesesteak sandwich—without the meat

Reality Check: The FTC wants the business to change several longstanding operating conventions. Has it heard why that's a bad idea?

The Bottom Line: A combination of rising costs and weakening sales, and more expensive debt, has caused real problems for restaurant chains. But the industry is also really difficult.

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.