facebook pixal

earnings

Financing

Pizza Hut’s embrace of third-party delivery works in its favor

The pizza chain’s sales improved last quarter as a lot more of its restaurants worked with delivery aggregators.

Financing

The Cheesecake Factory puts faith in higher prices

The casual-dining chain said consumers are accepting of price hikes even as sales slowed. It will need to take even more to fight off inflation.

The brand now believes it can have 900 restaurants in the U.S. That footprint combined with robust sales put it on pace to pass its competitors.

It’s a conversation that came up during the Great Recession, said Chipotle CFO Jack Hartung.

Delivery sales increased during the company’s third quarter even as more people returned to its dining rooms. “The customer has a habit,” CEO Dave Deno said.

Camp McDonald’s helped propel digital sales at the burger giant, though the strong dollar caused some headaches. The company also warned of a potential recession in the U.S. and Europe.

The chain will acquire the restaurants early next year as its corporate locations continue to outperform franchisees.

Domestic same-store sales were up 6.9%, mostly on increased transactions, and the fast-casual chain sees room for growth with new sandwiches and expansion of delivery.

But higher-income diners remain undeterred by price increases and third-quarter results remain strong.

The casual-dining chain, owned by Fat Brands, has seen strong sales this year. And its sales are up in Florida.

  • Page 3