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earnings

Operations

Portillo's rides out traffic declines with 'transaction arbitrage'

 By Lisa Jennings on Nov. 02, 2023

Moves into high-population-growth states are driving revenue growth that company officials say will help the Chicago-based chain manage through ebbs and flows of consumer behavior.

Financing

Record demand drove strong Starbucks sales last quarter

 By Jonathan Maze on Nov. 02, 2023

The chain’s U.S. same-store sales rose 8% as more customers ordered more products and more add-ons and its loyalty membership hit a record.

Operations

Red Robin expects to save $5M a year by hand-breading its chicken

By Joe Guszkowski on Nov. 02, 2023

The move will help offset some of the $8 million per quarter the chain is spending on better food and staffing.

Operations

El Pollo Loco president and CEO Larry Roberts steps down

By Lisa Jennings on Nov. 02, 2023

He will stay on as consultant through Dec. 28 as the company searches for a replacement. COO Maria Hollandsworth will take leadership in the interim.

Operations

Sweetgreen plans to open more automated restaurants next year

By Lisa Jennings on Nov. 02, 2023

The salad chain expects to open as many as nine of its Infinite Kitchen locations in 2024 while two to four existing units will be retrofitted with the robotic make lines. More are planned for 2025.

Financing

Taco Bell and KFC International fuel Yum Brands

By Jonathan Maze on Nov. 01, 2023

Same-store sales at Taco Bell rose 8% in the third quarter while sister chain KFC continued to aggressively open new units around the globe.

Operations

Facing headwinds, consumers turn to Wingstop chicken sandwiches

By Lisa Jennings on Nov. 01, 2023

A year after debuting 12 flavors of chicken sandwiches, the fast-casual chain is winning new customers who spend more and keep coming back.

Operations

Chicken tenders and commercials drive sales at Chili's

By Joe Guszkowski on Nov. 01, 2023

The chain’s year-over-year traffic turned positive in October, a sign that its turnaround efforts are working. Now the challenge is sustaining it.

Financing

California's new fast-food law will hit Habit Burger hard

By Jonathan Maze on Nov. 01, 2023

Parent company Yum Brands said the chain’s operating loss will be $10 million in the fourth quarter, which it blamed on anticipated impacts of legislation that will raise wage rates next year.

Financing

First Watch shifts its growth engine into high gear

By Jonathan Maze on Nov. 01, 2023

The breakfast-and-lunch chain recently opened its 500th location and has many others under development as it works to expand its presence.

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