earnings

Financing

Inflation hits McDonald’s and its European operators

The burger giant expects thinner margins this year and it is spending up to $150 million to support franchisees in Europe hit by higher costs.

Financing

Fogo de Chao in rare form ahead of planned IPO

With double-digit AUVs and strong traffic growth, the Brazilian steakhouse chain is building momentum as it prepares to return to Wall Street.

Sales and traffic improved significantly at the chain as guests came back for the popular promotion.

The eatertainment chain operator’s stock fell 7% after saying sales slowed down so far this quarter.

The burger chain’s stock was hammered Tuesday as inflation and investments ate into its profits. The company is taking operational steps to improve margins, such as new cheese pumps.

The drive-thru beverage chain’s same-store sales rose 1.7% last quarter. But the company is working to improve results in one of its biggest markets.

But Canadian office traffic was still down 60% in third quarter on average, and the tailwind will more likely be felt next year.

The operator is watching its commodity costs soar even as beef costs are flat. Wage rate inflation, meanwhile, has slowed this year but is expected to settle at a higher-than-normal rate.

The product is already the chain's top-selling item in the morning, leading to a "meaningful acceleration" in breakfast sales.

Using the Spyce technology acquired last year, the fast-casual concept said the robotic makelines could be “transformative.”

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