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earnings

Financing

With costs soaring, Chili’s turns to a new menu, service model and robots

 By Jonathan Maze on May 04, 2022

Parent company Brinker’s stock price plunged Wednesday as costs increase and margins thin despite higher prices. The company is looking at ways to improve efficiency.

Financing

Pizza Hut’s sales stumbled last quarter

 By Jonathan Maze on May 04, 2022

The pizza chain’s domestic same-store sales fell 6% and executives blamed a shortage of delivery drivers. Taco Bell and KFC sales both increased.

Workforce

Applebee’s parent bets tech can make up for fewer workers

By Joe Guszkowski on May 04, 2022

Dine Brands is investing in handheld server tablets and exploring robots to help ease a nagging staffing shortage.

Financing

Burger King’s same-store sales fall in the U.S. but flourish internationally

By Jonathan Maze on May 03, 2022

Tim Hortons’ Canada sales surge, Popeyes declined and Firehouse Subs beat difficult comparisons.

Financing

Starbucks is increasing wages and benefits again, but not at union stores

By Jonathan Maze on May 03, 2022

The company says it is making another $200 million in investments, including improvements to productivity and wages, but Interim CEO Howard Schultz says the company legally can’t provide them to union locations.

Financing

Outback Steakhouse plots return to unit growth behind smaller restaurants

By Joe Guszkowski on Apr. 29, 2022

A new, more profitable prototype could help the chain add 75 to 100 stores in the U.S., executives said.

Operations

First-quarter curveballs can’t stop The Cheesecake Factory

By Joe Guszkowski on Apr. 28, 2022

Despite omicron and the war in Ukraine, executives said it's been the most stable period since the start of the pandemic.

Financing

McDonald’s sales rise, thanks to digital and loyalty

By Jonathan Maze on Apr. 28, 2022

Same-store sales rose 3.5% in the U.S. in the first quarter and surged overseas. Yet the Russian invasion of Ukraine cost the company $127 million.

Financing

Chicken prices are causing big headaches for Noodles & Company

By Heather Lalley on Apr. 28, 2022

The pasta chain, where half of all customers order a dish with chicken, is adding a temporary $1 surcharge to those items because of soaring protein costs.

Financing

Inflation and staffing shortages take a bite out of Domino’s

By Jonathan Maze on Apr. 28, 2022

The pizza chain’s same-store sales declined 3.6% in the U.S. in the first quarter while earnings declined amid a number of challenges that executives warned could persist into the future.

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