earnings

Financing

Noodles & Company got hit by a COVID one-two punch

The combined impacts of the delta and omicron surges cost the fast casual $8 million in estimated revenue from temporary closures and reduced hours during the fourth quarter.

Financing

Ruth’s Chris could buy more restaurants as it gets back to growth

The steakhouse chain is ramping up development with plans to open five to seven new locations a year.

The chain is focusing on building traffic and staff while doing its best to manage rising costs.

Olo Pay will enable one-click payment for customers at hundreds of restaurant brands. Both moves are part of the company's efforts to streamline technology.

The chain will make multiple small adjustments in coming quarters to see how customers react.

Off-premise is booming at the 219-unit chain, but executives want to see it keep growing before airing major development plans.

The chain was hit harder than most by the COVID-19 variant in December and January, when an “unprecedented” number of its workers got sick.

Strong sales paired with higher prices have the chain set up for a big year, executives said.

The fast-casual burger brand said there is too much uncertainty to predict when it might return to pre-pandemic sales trends.

Half of the chain’s restaurants have returned to around-the-clock service, and those stores are performing well. But it’s unclear when the rest will get there.

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