earnings

Financing

Red Robin's recovery gets off to a fast start

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

Technology

One-click checkout is paying off for Olo

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.

Quick-service pizza delivery chains like Domino's and Papa Johns have reported weaker sales and traffic as consumers look for other options, or simply decide to stay home.

The drive-thru coffee chain, which raised prices 11% in 2022, said it plans to hold the line in 2023, particularly after it made changes to its loyalty program.

The fast-casual chain is also looking to cut $10 million from support center costs in effort to be more nimble and efficient.

The chicken chain attributed fourth quarter comp sales increase of 8.7% entirely to transactions.

The company will open up to 16 North Italias, Flower Childs and other brands from its Fox Restaurant Concepts division.

One of the industry's biggest menus is getting smaller, but executives said they don't foresee it hurting sales.

  • Page 32