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earnings

Financing

Restaurant sales clearly decelerated last quarter

 By Jonathan Maze on Aug. 14, 2023

The Bottom Line: Earnings reports this period suggest a substantial slowdown in same-store sales among large chains in the second quarter. Are prices to blame? Or is it normalization?

Financing

Why big price hikes aren't on the menu at Gen Korean BBQ

 By Jonathan Maze on Aug. 14, 2023

In its first earnings call as a public company, the Korean barbecue concept’s co-CEO said that its value is a strength. It’s also been profitable for most of its history.

Operations

Consumers to Noodles & Co.: Your prices were too high

By Lisa Jennings on Aug. 10, 2023

The fast-casual chain pivoted quickly to lower pricing and slow the "sudden and significant" traffic declines. But now Noodles is taking a more comprehensive look at strategies to drive sales.

Financing

For big Burger King franchisee Carrols, 8 months makes a world of difference

By Jonathan Maze on Aug. 10, 2023

The operator’s stock surged again on Thursday, and is the year’s best performing, following “one of the best quarters in the company’s 63-year history.”

Financing

Krispy Kreme ponders expansion amid a successful McDonald's test

By Jonathan Maze on Aug. 10, 2023

Six months after it started selling doughnuts at 160 McDonald’s restaurants in Kentucky, Krispy Kreme said the test is proving to be valuable. But it needs more production capacity.

Financing

Wendy's wants to open new locations, if it can only get the permits

By Jonathan Maze on Aug. 09, 2023

The burger chain cited “substantial permitting delays in the U.S.,” which it says has started to impact timelines for new unit openings.

Financing

Burger King, an international powerhouse, looks to translate some of that success back home

By Jonathan Maze on Aug. 08, 2023

The Miami-based burger chain is thriving outside the U.S. as operators push growth. But it is pulling back domestically as it works on a comeback.

Leadership

Dutch Bros names Christine Barone CEO

By Jonathan Maze on Aug. 08, 2023

Joth Ricci will step down at the end of the year following a transition period. The move comes just months after Barone was brought in as the drive-thru beverage chain’s president.

Financing

Fat Brands readies Twin Peaks for 2024 IPO

By Joe Guszkowski on Aug. 07, 2023

The company said it will look to acquire similar concepts and convert them to Twin Peaks as it aims to reach 200 locations in the next several years.

Financing

Steak n Shake's sales and profit improve, but stores keep closing

By Jonathan Maze on Aug. 07, 2023

While the brand has been selling stores to operating partners, traditional franchisees keep closing units. So does the company.

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