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Financing

Key takeaways from the ICR Conference

 By Jonathan Maze and Lisa Jennings on Jan. 11, 2024

California challenges, salad's growth, catering, bowl popularity and more chicken are among the issues restaurant chain executives discussed at the event in Orlando this week.

Operations

BurgerFi says turnaround is coming later this year

 By Lisa Jennings on Jan. 09, 2024

Comp sales in 4Q were down 9% in preliminary results for the better-burger brand, but CEO Carl Bachmann said the foundation is in place for recovery.

Financing

Earnings roundup: Recent months prove tough for Ark, Good Times, RCI

By Peter Romeo on Dec. 19, 2023

The three multi-concept restaurant operators showed significant declines, with at least one blaming more serious consumers.

Operations

Shake Shack's C-suite will look different for the next phase of growth

By Lisa Jennings on Dec. 11, 2023

The chain was already looking for a new COO. Now the search is on for a new CEO. If an activist investor has its way, the leaders will have strong operational experience in limited service.

Financing

Cracker Barrel traffic took a big hit last quarter

By Peter Romeo on Nov. 30, 2023

Same-store sales at the family dining chain slipped 0.5% despite a 6.8% rise in menu prices.

Financing

Jack in the Box wades through uncertainty, thanks to California

By Jonathan Maze on Nov. 22, 2023

The burger chain says it expects to counter wage hikes in the state with a combination of price, margin and loyalty. But how will it affect transactions?

Operations

BurgerFi's 3Q performance is 'unacceptable,' CEO says

By Lisa Jennings on Nov. 15, 2023

The Florida-based company has closed five underperforming restaurants and more may be shuttered. Meanwhile, chicken is coming to the menu to help turn things around.

Operations

Red Lobster goes overboard with endless shrimp deal

By Joe Guszkowski on Nov. 09, 2023

Owner Thai Union Group said the all-you-can eat shrimp was priced too low, resulting in better traffic but significant losses.

Financing

Margins soar at Burger King franchisee Carrols, and so does its stock

By Jonathan Maze on Nov. 09, 2023

The 1,000-unit operator said sales and traffic were better than expected and margins increased by 530 basis points. And its stock took off.

Financing

Dutch Bros' strong margins give the company flexibility as wages are set to soar

By Jonathan Maze on Nov. 08, 2023

The drive-thru beverage chain’s shop profit margins soared last quarter, to 31%, thanks to a combination of price hikes and efficiency. It will help with California wages set to increase next year.

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