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Financing

Bloomin' Brands to close 41 restaurants and open up to 45 more

 By Joe Guszkowski on Feb. 23, 2024

The owner of Outback Steakhouse is pruning older, struggling stores in favor of new ones that generate better returns.

Financing

Rapidly expanding Dutch Bros is opening another support center in Arizona

 By Jonathan Maze on Feb. 22, 2024

The drive-thru coffee chain opened more shops in its history last year as sales accelerated. And it is also opening shops in Florida.

Financing

In an uncertain economy, The Cheesecake Factory remains predictable

By Joe Guszkowski on Feb. 22, 2024

The chain delivered another quarter of steady growth and few surprises. "Operators were in full control," said CFO Matthew Clark.

Financing

Jack in the Box puts its faith in the Smashed Jack

By Jonathan Maze on Feb. 22, 2024

The brand’s sales have been slow so far this year due to weather and low-income consumers. But executives believe a better value offering and a new burger will change things.

Financing

Wingstop's next challenge: High expectations

By Jonathan Maze on Feb. 21, 2024

The chicken wing chain’s system sales soared 27% last year as customers flocked to its restaurants for sandwiches and wings. But its stock price declined.

Operations

Even blizzards didn't keep guests away from Texas Roadhouse

By Lisa Jennings on Feb. 16, 2024

Guests are ordering less alcohol and more from the value side of the menu, but traffic was up 5.1% in the fourth quarter at company units.

Operations

Shake Shack stock jumps 26% after better-than-expected year-end report

By Lisa Jennings on Feb. 15, 2024

Traffic for the fast-casual chain was up 1.4% in Q4. And the burger brand is testing combo meals for the first time.

Financing

Wendy's new CEO hits the ground running

By Jonathan Maze on Feb. 15, 2024

Kirk Tanner announced $100 million worth of investments in breakfast marketing and digital upgrades in a bid to kick-start the fast-food chain’s growth.

Financing

Franchisee profitability soars for Burger King and its sister chains

By Jonathan Maze on Feb. 13, 2024

Sales were positive at Restaurant Brands International concepts, including Tim Hortons, Popeyes and Firehouse Subs. At Burger King, operator profitability increased 46%.

Financing

Krispy Kreme looks to expand its doughnut-making capacity

By Jonathan Maze on Feb. 13, 2024

The chain, which wants to sell its doughnuts out of more McDonald's locations, is now looking to open new shops to build capacity while it also works to improve manufacturing and logistics.

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