earnings

Financing

Red Robin's profits soar, and so does its stock

The casual-dining burger chain more than doubled its earnings before interest, taxes, depreciation and amortization, or EBITDA, in the first quarter. Its stock price doubled as well.

Financing

What pullback? Cava guests remain resilient

Bucking first-quarter trends, the fast-casual chain reported same-store sales up 10.8%, including a 7.5% increase in traffic.

The fast-casual chain is one of the last to report first-quarter results on Thursday. This traffic-tracking research firm says visits were up 20%.

The fast-food chicken chain believes better-run restaurants are key to improving sales. So the chain has acquired more locations to show franchisees the way it’s done.

The Bottom Line: The food-and-golf concept’s sales have struggled over the past 18 months. Its parent company is now trying more value offers. But that move comes with big risks.

With same-store sales weak so far this year amid a difficult economy, operators are boosting marketing, adding new menu items and turning back to what worked. They’re also discounting more.

Tech Check: Sales rumors, acquisitions and a nine-digit fundraise dominated the headlines, allowing some other developments to fly under the radar.

The drive-thru beverage chain is expanding rapidly into new markets. Advertising and pacing of store openings have helped those markets generate strong sales.

Winter weather hampered the casual-dining chain in February, but business has picked up since, allaying concerns about a weaker steak consumer.

The Week in Restaurants: The latest episode of the restaurant news discussion podcast examines Krispy Kreme’s delay of its McDonald’s deal, a depressing set of earnings, DoorDash and Wonder.

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