earnings

Financing

Krispy Kreme finds that Twix can lift sales

The doughnut chain said that its attention-getting doughnuts, such as one stuffed with a Twix bar, and more locations can generate sales without major price hikes.

Leadership

Freshii promotes CFO Daniel Haroun to CEO

The health-focused chain’s founder, Matthew Corrin, becomes executive chairman, while Victor Diab joins the Toronto-based brand as CFO.

The drive-thru beverage chain’s stock price plunged 30% Wednesday after the company said sales declined in April due to rising gas prices and profits thinned because of higher dairy costs.

Company-operated stores’ profits declined on higher costs, but the chain had one of its best years for unit growth in its history.

A March surge helped its restaurants run more efficiently. Now it’s staffing up to meet the higher demand.

Shares of restaurant companies have lost nearly a quarter of their value so far this year amid higher interest rates and recession fears. Winners remain few.

The company is taking share from its competitors as demand for delivery remains strong.

Sales are up, but inflation and supply chain issues continue to cause stress for smaller, publicly traded restaurant chains.

The 71-unit Italian beef chain is working to find more operational efficiencies as “unprecedented” inflation continues to hit its bottom line.

Shake Shack raised menu prices another 3.5% in March and said more price hikes could be on the way.

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