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Noodles & Company could close up to 20 underperforming restaurants

 By Lisa Jennings on Aug. 07, 2024

As the fast-casual chain's turnaround effort unfolds, CEO Drew Madsen said a portfolio review could result in some units being shuttered.

Financing

Applebee's says it's losing lower-income diners to grocery stores

 By Joe Guszkowski on Aug. 07, 2024

The casual-dining chain plans to be even more aggressive on value as inflation catches up with consumers. But it lowered its outlook for the rest of the year.

Financing

California holds some surprises for Jack in the Box

By Jonathan Maze on Aug. 07, 2024

Profitability for the burger chain and its sister concept, Del Taco, declined in the quarter, thanks to the state’s fast-food wage. But California was one of the company’s best sales markets.

Financing

Amid headwinds, Portillo's focuses on throughput and eye-catching ads

By Lisa Jennings on Aug. 06, 2024

The fast-casual chain is improving drive-thru speeds and will be advertising during Bears games to focus on what can be controlled.

Financing

Outback Steakhouse turns to value as traffic falls

By Joe Guszkowski on Aug. 06, 2024

The casual-dining steak chain is hoping a $14.99 three-course meal will pull in choosy consumers, and it is planning more value offers this year.

Financing

Taco Bell stands out in a tough market

By Jonathan Maze on Aug. 06, 2024

The Mexican chain’s same-store sales rose 5% last quarter, thanks to Cantina Chicken, even as customers reduce visits to other fast-food chains, including other Yum Brands concepts.

Financing

Fat Brands sees a buyer's market for restaurant M&A

By Joe Guszkowski on Aug. 05, 2024

Earnings roundup: BJ’s is upping its marketing spend, Bad Daddy’s smash burgers are a hit, and El Pollo Loco guests are trading up and down.

Financing

The Cheesecake Factory sees no change from consumers

By Joe Guszkowski on Aug. 01, 2024

Traffic has remained steady for the casual-dining chain, despite a tough environment for full-service restaurants.

Financing

Breakfast continues to drive Wendy's sales

By Jonathan Maze on Aug. 01, 2024

But the fast-food chain expects to push more value this year as it loses customers amid concern about high prices.

Financing

Shake Shack's new CEO Rob Lynch plans to push speed, value and drive-thrus

By Lisa Jennings on Aug. 01, 2024

In his first Shake Shack earnings call, CEO Rob Lynch outlined plans for the next phase of growth. He is focused on operations and making the premium fast-casual brand a more frequent choice for guests at all income levels.

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