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Financing

Staffing issues, remodels disrupt Pollo Tropical’s sales

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

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.

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.

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

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

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.

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

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.

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

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

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