earnings

Financing

Domino's adds more new franchisees as store profitability improves

The pizza delivery chain added the largest number of new operators in 15 years in 2023. All of them started as delivery drivers or other employees within the system.

Financing

Portillo’s sees opportunity in catering, pickup-only stores

The Chicago-style fast casual opened 12 new restaurants in 2023, a record number, and said same-store sales rose 5.7% during the year.

The pizza chain's transactions increased late last year, largely due to the unique buy-one, get-one-free promotion and growth in its reconfigured Domino's Rewards loyalty program.

Now comes the hard work of lapping a strong first year as a public company, but the fast-casual chain is well positioned for more "normalized" growth.

The owner of Outback Steakhouse is pruning older, struggling stores in favor of new ones that generate better returns.

The drive-thru coffee chain opened more shops in its history last year as sales accelerated. And it is also opening shops in Florida.

The chain delivered another quarter of steady growth and few surprises. "Operators were in full control," said CFO Matthew Clark.

The brand’s sales have been slow so far this year due to weather and low-income consumers. But executives believe a better value offering and a new burger will change things.

The chicken wing chain’s system sales soared 27% last year as customers flocked to its restaurants for sandwiches and wings. But its stock price declined.

Guests are ordering less alcohol and more from the value side of the menu, but traffic was up 5.1% in the fourth quarter at company units.

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