earnings

Sweetgreen to bring reward program to in-restaurant guests

By Lisa Jennings on Jul. 28, 2023

So far, the two-tiered loyalty program has been digital only. In the next few months, the loyalty perks will also apply for in-store purchases.

Financing

McDonald's sales soar, thanks to Grimace

By Jonathan Maze on Jul. 27, 2023

The burger giant’s same-store sales rose 10.3% in the second quarter as digital and marketing continued to drive demand.

Financing

McDonald's, eager to open more restaurants, plans a new concept called CosMc

By Jonathan Maze on Jul. 27, 2023

The burger giant plans to open the new, smaller-format concept in select markets as it looked for alternative strategies to bolster its growth.

Operations

Chipotle is putting more workers on the front line to speed service

By Lisa Jennings on Jul. 26, 2023

The fast-casual burrito chain is working to find the right balance between its customer-facing and digital makelines as it works to improve throughput in the restaurants.

Financing

Olive Garden's parent is preparing for a slowing economy

By Joe Guszkowski on Jun. 22, 2023

Stagnant spending will keep a lid on growth at Darden Restaurants over the next 12 months, but it still expects to outpace the industry.

Operations

With IPO capital in hand, Cava looks onward to growth

By Lisa Jennings on Jun. 15, 2023

The 263-unit Mediterranean chain plans to reach 1,000 locations across the U.S. by 2032 and sees an opportunity to grow sales with new formats, catering and building loyalty.

Operations

Cava raises $318M in its IPO

By Lisa Jennings on Jun. 14, 2023

On the eve of its debut on the New York Stock Exchange, the fast-casual chain's initial stock price hit $22 per share, well above earlier projections. The price gives the company a $2.5 billion valuation.

Operations