earnings

Freshii promotes CFO Daniel Haroun to CEO

By Heather Lalley on May 12, 2022

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

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