earnings

Financing

IHOP unit growth stunted by permitting, construction delays

The pancake chain will push as many as 30 unit openings into next year but said its pipeline is still in good shape.

Financing

Chili’s content with less traffic if it means more profits

Traffic was down nearly 7% at the chain after it cut back on discounts, but executives say the new strategy is helping the bottom line.

Just more than half of the family-dining chain’s restaurants are open all night and executives are taking steps to get Denny’s back to being a 24-hour diner.

The chain has doubled down on value and is getting good results: Three-year same-store sales set a new record in the third quarter.

The pizza chain’s sales improved last quarter as a lot more of its restaurants worked with delivery aggregators.

The casual-dining chain said consumers are accepting of price hikes even as sales slowed. It will need to take even more to fight off inflation.

It’s a conversation that came up during the Great Recession, said Chipotle CFO Jack Hartung.

Delivery sales increased during the company’s third quarter even as more people returned to its dining rooms. “The customer has a habit,” CEO Dave Deno said.

The brand now believes it can have 900 restaurants in the U.S. That footprint combined with robust sales put it on pace to pass its competitors.

Camp McDonald’s helped propel digital sales at the burger giant, though the strong dollar caused some headaches. The company also warned of a potential recession in the U.S. and Europe.

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