earnings

Financing

Firehouse Subs ends a big year on a strong note

The sub chain, bought for $1 billion by Burger King owner Restaurant Brands International, generated nearly 25% two-year same-store sales in the fourth quarter.

Financing

Yum Brands opened a record number of restaurants last year

The owner of KFC, Taco Bell, Pizza Hut and Habit opened nearly 4,200 new restaurants worldwide last year, which the company says is an industry record.

The variant led to staffing headaches at Chili’s and Maggiano’s in January, putting a kink in their comeback from COVID.

The coffee giant is getting more business through convenience channels, is selling more cold beverages and has a thriving loyalty program.

His total pay package topped $20 million in 2021, up 39% over 2020, as the company’s sales and stock price strength returned.

Operator cash flow is up 50% in the past three years after the company shifted away from its value focus. But higher labor and food costs loom.

U.S. same-store sales hit a record in 2021, driven in part by price increases and the company’s promotions, including its new loyalty program.

The latest COVID surge has meant reduced sales for the fast casual in recent weeks as it is forced to temporarily close restaurants and limit store hours.

The fast-casual chicken chain said decreased staffing levels forced it to cut operating hours and sales channels last quarter.

The company’s results were improving in the fourth quarter but worsened in the last two weeks of December.

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