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earnings

Financing

BJ's to trim menu by 10% as part of cost-cutting efforts

 By Joe Guszkowski on Feb. 21, 2023

One of the industry's biggest menus is getting smaller, but executives said they don't foresee it hurting sales.

Financing

Papa Murphy's owner hopes the brand's tough 2022 is in the past

 By Jonathan Maze on Feb. 16, 2023

The take-and-bake pizza chain "closed a lot of stores" last year amid lower franchisee profits. But parent company MTY Food Group says 2023 has started out much better.

Financing

Texas Roadhouse sets a traffic record

By Joe Guszkowski on Feb. 16, 2023

Traffic is up 10% through the first seven weeks of 2023. Executives aren’t sure why, but they have a few ideas.

Financing

Facing another year of inflation, Bloomin' comes up with $50M in savings

By Joe Guszkowski on Feb. 16, 2023

The Outback Steakhouse parent says new tech and kitchen equipment should help profits this year. But much will depend on traffic.

Financing

Customers returned to Shake Shack in January

By Lisa Jennings on Feb. 16, 2023

The fast-casual, "better burger" chain is positioning itself to capture trade-down diners with truffles and more plant-based options. It is also working to rebuild profit margins.

Leadership

Josh Kobza named CEO of Restaurant Brands International

By Jonathan Maze on Feb. 14, 2023

The 11-year company veteran, who had been COO, will take over for José Cil on March 1. Cil will remain with the Burger King and Tim Hortons parent company for one year as an advisor.

Financing

Yum Brands opened a massive number of restaurants last year

By Jonathan Maze on Feb. 09, 2023

The owner of Taco Bell, KFC, Pizza Hut and Habit has opened a new restaurant every hour over the past two years, despite challenges in its two biggest markets.

Financing

Taco Bell's sales grow, thanks to Mexican Pizza and Pete Davidson

By Jonathan Maze on Feb. 08, 2023

Same-store sales at the Mexican fast-food restaurant chain rose 11% in the fourth quarter. The company sold 45 million Mexican Pizzas last year. And breakfast improved following new ads featuring the comedian.

Operations

Chipotle to test a robotic makeline and new grills

By Lisa Jennings on Feb. 07, 2023

The fast-casual Mexican restaurant chain reported a disappointing fourth quarter but said its "back to basics" focus is paying off with positive transactions in January.

Financing

Starbucks still has faith in its China business

By Jonathan Maze on Feb. 03, 2023

Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain's second-biggest market. But Starbucks still has big plans for the country.

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