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earnings

Financing

High dairy costs and low sales give Dutch Bros heartburn

 By Jonathan Maze on May 11, 2022

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.

Financing

Wendy’s sales grow, but margins take a hit

 By Jonathan Maze on May 11, 2022

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

Financing

Sales rise at First Watch, and margins follow

By Joe Guszkowski on May 10, 2022

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

Financing

Stocks enter bear territory and restaurants go right with it

By Jonathan Maze on May 09, 2022

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.

Technology

DoorDash leads the way in resilient delivery market

By Joe Guszkowski on May 06, 2022

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

Financing

Earnings roundup: Ruth’s Chris, STK, Chuy’s, El Pollo Loco, RAVE

By Joe Guszkowski and Heather Lalley on May 06, 2022

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

Financing

More price increases are on the menu for Portillo’s

By Heather Lalley on May 05, 2022

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

Financing

Shake Shack: Cities are bouncing back, but inflation persists

By Heather Lalley on May 05, 2022

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

Financing

Sweetgreen says pandemic recovery is neither ‘linear nor consistent’

By Heather Lalley on May 05, 2022

But the salad chain reported Thursday that its same-store sales climbed 35% during the first quarter and earnings rose 67% over the year before.

Financing

Papa John’s plans to open as many as 1,800 more stores by 2025

By Jonathan Maze on May 05, 2022

The pizza chain, whose sales continue to outperform its rivals, is raising its development outlook as operators speed up unit growth.

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