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earnings

Financing

Staffing issues, remodels disrupt Pollo Tropical’s sales

 By Heather Lalley on May 13, 2022

The chicken chain said it has raised prices more than 13% in recent months but has taken a phased approach so as not to upset value-minded diners.

Financing

How big Burger King franchisee Carrols plans to combat historic inflation

 By Jonathan Maze on May 12, 2022

The company’s labor issues have improved, but food costs have risen 17% over the past year, thanks to high beef costs. It says pricing alone won’t fix the problem.

Financing

Krispy Kreme finds that Twix can lift sales

By Jonathan Maze on May 12, 2022

The doughnut chain said that its attention-getting doughnuts, such as one stuffed with a Twix bar, and more locations can generate sales without major price hikes.

Leadership

Freshii promotes CFO Daniel Haroun to CEO

By Heather Lalley on May 12, 2022

The health-focused chain’s founder, Matthew Corrin, becomes executive chairman, while Victor Diab joins the Toronto-based brand as CFO.

Financing

Wendy’s sales grow, but margins take a hit

By Jonathan Maze on May 11, 2022

Company-operated stores’ profits declined on higher costs, but the chain had one of its best years for unit growth in its history.

Financing

High dairy costs and low sales give Dutch Bros heartburn

By Jonathan Maze on May 11, 2022

The drive-thru beverage chain’s stock price plunged 30% Wednesday after the company said sales declined in April due to rising gas prices and profits thinned because of higher dairy costs.

Financing

Sales rise at First Watch, and margins follow

By Joe Guszkowski on May 10, 2022

A March surge helped its restaurants run more efficiently. Now it’s staffing up to meet the higher demand.

Financing

Stocks enter bear territory and restaurants go right with it

By Jonathan Maze on May 09, 2022

Shares of restaurant companies have lost nearly a quarter of their value so far this year amid higher interest rates and recession fears. Winners remain few.

Technology

DoorDash leads the way in resilient delivery market

By Joe Guszkowski on May 06, 2022

The company is taking share from its competitors as demand for delivery remains strong.

Financing

Earnings roundup: Ruth’s Chris, STK, Chuy’s, El Pollo Loco, RAVE

By Joe Guszkowski and Heather Lalley on May 06, 2022

Sales are up, but inflation and supply chain issues continue to cause stress for smaller, publicly traded restaurant chains.

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