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earnings

Financing

Red Robin dials up value after ‘disappointing’ quarter

 By Joe Guszkowski on Aug. 10, 2022

Following a successful $10 meal deal, the chain is queuing up happy hour and lunch specials, even as it works to keep costs down.

Financing

Sweetgreen cuts 5% of workforce after warning on sales and profits

 By Jonathan Maze on Aug. 09, 2022

The salad chain is cutting costs to get to profitability after it warned that sales and profits would be below expectations. The news sent the company’s stock price plunging.

Financing

First Watch bucks summer slowdown with 8% traffic growth

By Joe Guszkowski on Aug. 09, 2022

Same-store sales at the a.m. chain rose 13.4% in the second quarter as customers continue to flock to its restaurants.

Financing

Applebee’s tweaks its strategy for Cosmic Wings

By Joe Guszkowski on Aug. 09, 2022

The chain is adding the virtual brand’s items to its in-store menu. It’s also testing a second delivery-only brand in about 100 restaurants.

Financing

Ruth's Chris sees some relief on beef costs

By Joe Guszkowski and Jonathan Maze on Aug. 08, 2022

Earnings Roundup: Chuy's sales hurt by the Texas heat and Fat Brands looks for more acquisition targets.

Financing

As digital sales rise, Potbelly tests more tech investments

By Jonathan Maze on Aug. 08, 2022

The sandwich chain is testing new in-store technology as digital sales now represent more than a third of revenue.

Financing

Digital sales drive performance at parent of Burger King and Tim Hortons

By Jonathan Maze on Aug. 04, 2022

Brand operator Restaurant Brands International now gets a third of its sales through digital channels. Sales at Burger King and Popeyes also improve in the U.S.

Financing

In Tim Hortons, Burger King could have a model for a U.S. comeback

By Jonathan Maze on Aug. 04, 2022

The Bottom Line: While the two chains and their revitalization plans are different, the Canadian coffee brand’s strong second-quarter results give its sister brand hope of a comeback in its U.S. market.

Financing

Shake Shack sees promising early results in the drive-thru

By Joe Guszkowski on Aug. 04, 2022

The chain’s six drive-thru units generated higher average weekly sales than other restaurants, and it has plans to open many more over the next year-plus.

Financing

Meat costs continue to plague Portillo's

By Joe Guszkowski on Aug. 04, 2022

The Italian beef chain faced "unprecedented" inflation for the second straight quarter. Traffic also fell nearly 6%.

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