earnings

Financing

At Jack in the Box, weak sales and higher commodity costs hit profits

Same-store sales at the fast-food burger chain declined 7.4% last quarter as customers came in less often and spent less money when they did. Higher commodities also hit profit margins.

Financing

Topgolf to be acquired by private equity firm Leonard Green & Partners

The long-awaited spinoff deal has finally been announced. Parent Topgolf Callaway Brands plans to drop "Topgolf" from its name when the $1.1 billion deal is completed in early 2026.

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at challenges in the fast-casual sector, Starbucks’ holiday sales and takeaways from RFDC.

The Bottom Line: Full-service restaurant chains are winning, slightly, in a weak overall market. Brands are rethinking unit count, focusing on service and pushing a lot of value.

The casual-dining chain’s $9.99 Big Yummm meal continues to draw in price-conscious customers, though sales and traffic were still lower than last year.

The fast-casual chain's sales woes deepened in the third quarter. Expect to hear more about value. And protein.

Sales and traffic continue to rise for the steak chain, but an unexpected rise in beef prices took a bite out of its bottom line. They’re expected to remain elevated for the foreseeable future.

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast looks at the sale of Denny’s, the potential sale of Pizza Hut and a big week of earnings.

The fast-food burger chain is working with franchisees to either fix, sell or close weaker restaurants, implying that hundreds of locations could close starting late this year.

The fast-food pizza chain’s same-store sales declined 3% last quarter. The company is planning to cut “non-customer-facing” costs and will speed up refranchising.

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