earnings

Financing

High cheese prices give Papa John’s some indigestion

The company’s sales increased last quarter despite weakening demand. But its food costs rose 18% and corporate store margins took a big hit.

Financing

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

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.

The Mexican fast-food chain’s same-store sales rose 8% last quarter. But sister chains KFC and Pizza Hut did not fare nearly as well.

The diner chain, which earlier this year said it was easing up on value, is embracing it again amid a difficult economy.

The Outback Steakhouse parent is adding new technology and equipment to make restaurants more productive and will likely raise prices again to ease higher costs for just about everything.

The chain is joining Uber Eats and expanding chicken sandwiches nationwide after same-store sales fell 3.3%.

The noodle chain’s profits missed expectations as inflation ate into margins, but company executives believe that commodity prices have peaked.

The chain’s traffic fell slightly in the second quarter, which executives said is typical for summer. The decline came entirely on the to-go side of the business.

Regional spikes are having an impact on the chain’s top line. Meanwhile, it continues to battle higher costs for food and labor.

Nearly one-third of sales in the fast-food burger chain’s biggest markets came from digital, while profits were hurt by Russia closures and rising costs for food and labor.

  • Page 25