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Financing

As sales and profits flag, Cracker Barrel tries pricier food and more tech

 By Joe Guszkowski on Jun. 07, 2022

The chain wants to attract different types of guests, particularly younger people who spend more.

Financing

Despite a record quarter, Dave & Buster’s waits for its events business to pick up

 By Heather Lalley on Jun. 07, 2022

The food-and-games chain reported same-store sales growth of 10.9% over 2019, but food and beverage sales are down and so are special events.

Financing

Here is how Jack in the Box is fighting labor and commodity inflation

By Jonathan Maze on May 26, 2022

The burger chain, which also operates Del Taco, said it is getting traction with efforts to improve profits and recruit and retain more workers, such as self-cleaning shake machines.

Financing

Multiconcept operator Ark Restaurants is looking to make an acquisition

By Heather Lalley on May 18, 2022

In a significant reversal of its pandemic struggles, the owner of 17 full-service restaurants and an equal number of quick-service ones said it had a great quarter and is looking at adding another concept to its fold.

Financing

Staffing issues, remodels disrupt Pollo Tropical’s sales

By Heather Lalley on May 13, 2022

The chicken chain said it has raised prices more than 13% in recent months but has taken a phased approach so as not to upset value-minded diners.

Financing

How big Burger King franchisee Carrols plans to combat historic inflation

By Jonathan Maze on May 12, 2022

The company’s labor issues have improved, but food costs have risen 17% over the past year, thanks to high beef costs. It says pricing alone won’t fix the problem.

Financing

Krispy Kreme finds that Twix can lift sales

By Jonathan Maze on May 12, 2022

The doughnut chain said that its attention-getting doughnuts, such as one stuffed with a Twix bar, and more locations can generate sales without major price hikes.

Leadership

Freshii promotes CFO Daniel Haroun to CEO

By Heather Lalley on May 12, 2022

The health-focused chain’s founder, Matthew Corrin, becomes executive chairman, while Victor Diab joins the Toronto-based brand as CFO.

Financing

Wendy’s sales grow, but margins take a hit

By Jonathan Maze on May 11, 2022

Company-operated stores’ profits declined on higher costs, but the chain had one of its best years for unit growth in its history.

Financing

High dairy costs and low sales give Dutch Bros heartburn

By Jonathan Maze on May 11, 2022

The drive-thru beverage chain’s stock price plunged 30% Wednesday after the company said sales declined in April due to rising gas prices and profits thinned because of higher dairy costs.

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