Cava swings to profit just in time for first earnings report as public company

After its June IPO, the fast-casual chain came out of the gate strong, with second-quarter traffic up more than 10%.


Restaurant sales clearly decelerated last quarter

The Bottom Line: Earnings reports this period suggest a substantial slowdown in same-store sales among large chains in the second quarter. Are prices to blame? Or is it normalization?

In its first earnings call as a public company, the Korean barbecue concept’s co-CEO said that its value is a strength. It’s also been profitable for most of its history.

Six months after it started selling doughnuts at 160 McDonald’s restaurants in Kentucky, Krispy Kreme said the test is proving to be valuable. But it needs more production capacity.

The fast-casual chain pivoted quickly to lower pricing and slow the "sudden and significant" traffic declines. But now Noodles is taking a more comprehensive look at strategies to drive sales.

The operator’s stock surged again on Thursday, and is the year’s best performing, following “one of the best quarters in the company’s 63-year history.”

The burger chain cited “substantial permitting delays in the U.S.,” which it says has started to impact timelines for new unit openings.

The Miami-based burger chain is thriving outside the U.S. as operators push growth. But it is pulling back domestically as it works on a comeback.

Joth Ricci will step down at the end of the year following a transition period. The move comes just months after Barone was brought in as the drive-thru beverage chain’s president.

The company said it will look to acquire similar concepts and convert them to Twin Peaks as it aims to reach 200 locations in the next several years.

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