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earnings

Financing

Jack in the Box wades through uncertainty, thanks to California

 By Jonathan Maze on Nov. 22, 2023

The burger chain says it expects to counter wage hikes in the state with a combination of price, margin and loyalty. But how will it affect transactions?

Operations

BurgerFi's 3Q performance is 'unacceptable,' CEO says

 By Lisa Jennings on Nov. 15, 2023

The Florida-based company has closed five underperforming restaurants and more may be shuttered. Meanwhile, chicken is coming to the menu to help turn things around.

Operations

Red Lobster goes overboard with endless shrimp deal

By Joe Guszkowski on Nov. 09, 2023

Owner Thai Union Group said the all-you-can eat shrimp was priced too low, resulting in better traffic but significant losses.

Financing

Margins soar at Burger King franchisee Carrols, and so does its stock

By Jonathan Maze on Nov. 09, 2023

The 1,000-unit operator said sales and traffic were better than expected and margins increased by 530 basis points. And its stock took off.

Financing

Dutch Bros' strong margins give the company flexibility as wages are set to soar

By Jonathan Maze on Nov. 08, 2023

The drive-thru beverage chain’s shop profit margins soared last quarter, to 31%, thanks to a combination of price hikes and efficiency. It will help with California wages set to increase next year.

Operations

What to learn from two brands dubbed 'the next Chipotle'

By Lisa Jennings on Nov. 08, 2023

Cava, the newly public fast-casual chain called "the next Chipotle" by investors, and Noodles & Co., which held that title a decade ago, just reported two very different quarters that are a study in contrasts—and offer a warning for Cava.

Financing

Cava drives double-digit comps with the help of a 7.6% increase in traffic

By Lisa Jennings on Nov. 07, 2023

The honeymoon continues for the newly public fast-casual Mediterranean chain, but officials say there are challenges ahead.

Technology

4 tech stars from restaurants' third quarter

By Joe Guszkowski on Nov. 06, 2023

These investments may not be flashy, but chains say they're getting the job done.

Operations

Restaurant chains paint rosier picture of labor and staffing

By Lisa Jennings on Nov. 06, 2023

Midway through 3Q earnings, it appears wage inflation is still a challenge, but restaurants are fully staffed, turnover is low and efforts to optimize efficiency are paying off.

Financing

Wendy's convinces franchisees to open more restaurants

By Jonathan Maze on Nov. 03, 2023

The burger chain said its incentive programs are convincing more operators to build locations, an important goal for a company intent on unit growth.

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