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First Watch's efforts to boost unit volumes are paying off

New units are breaking records as the daytime-dining concept evolves to serve more diners and build profitability.


Pollo Tropical starts the year off with more customers and better profits

The fast-casual chicken restaurant chain said its traffic has improved so far this year, as did its profit margins.

Sales at the first Lone Star state location are averaging a "crazy" $48,000 per day since opening in January, fueling optimism about growth across the Sun Belt.

Central business district units and catering sales have almost returned to pre-Covid levels on "traffic-driven tailwinds."

The chain expected to return to net new unit growth this year. Instead it will close more restaurants than it opens again, citing high costs and underwhelming returns.

The franchisee, which operates one out of seven Burger King restaurants in the U.S., said it generated more cash than it has in two years as more of its customers paid the full price.

Staffing changes and new grills are already paying dividends for the chain, but executives cautioned that a full turnaround will take time.

The product designed to streamline restaurant payments saw strong results in its first year, said CEO Noah Glass.

Earnings roundup: The brand collector said asking prices for restaurants are coming down. Also, PFG senses "pizza fatigue," Ruth's Chris cuts costs with tech, Chuy's wins with LTOs and profits rise for US Foods.

The pizza chain’s delivery sales are falling as consumers shift to other options. But its carryout business has become a major source of customers.

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