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earnings

Financing

M&A market is looking up for Fat Brands

 By Joe Guszkowski, Peter Romeo and Jonathan Maze on Feb. 24, 2023

Earnings roundup: The brand collector said asking prices for restaurants are coming down. Also, PFG senses "pizza fatigue," Ruth's Chris cuts costs with tech, Chuy's wins with LTOs and profits rise for US Foods.

Financing

Carryout carries Domino's through a tough period

 By Jonathan Maze on Feb. 24, 2023

The pizza chain’s delivery sales are falling as consumers shift to other options. But its carryout business has become a major source of customers.

Financing

Inflation and consumer shifts take a bite out of pizza demand

By Jonathan Maze on Feb. 23, 2023

Quick-service pizza delivery chains like Domino's and Papa Johns have reported weaker sales and traffic as consumers look for other options, or simply decide to stay home.

Financing

Dutch Bros wants to give customers a break on price hikes this year

By Jonathan Maze on Feb. 23, 2023

The drive-thru coffee chain, which raised prices 11% in 2022, said it plans to hold the line in 2023, particularly after it made changes to its loyalty program.

Operations

Sweetgreen to slow the pace of growth to focus on profitability

By Lisa Jennings on Feb. 23, 2023

The fast-casual chain is also looking to cut $10 million from support center costs in effort to be more nimble and efficient.

Operations

Deflation and bucking industry trends helped Wingstop end 2022 on a high note

By Lisa Jennings on Feb. 22, 2023

The chicken chain attributed fourth quarter comp sales increase of 8.7% entirely to transactions.

Financing

Cheesecake Factory ramps up growth of non-Cheesecake brands

By Joe Guszkowski on Feb. 22, 2023

The company will open up to 16 North Italias, Flower Childs and other brands from its Fox Restaurant Concepts division.

Financing

BJ's to trim menu by 10% as part of cost-cutting efforts

By Joe Guszkowski on Feb. 21, 2023

One of the industry's biggest menus is getting smaller, but executives said they don't foresee it hurting sales.

Financing

Papa Murphy's owner hopes the brand's tough 2022 is in the past

By Jonathan Maze on Feb. 16, 2023

The take-and-bake pizza chain "closed a lot of stores" last year amid lower franchisee profits. But parent company MTY Food Group says 2023 has started out much better.

Financing

Facing another year of inflation, Bloomin' comes up with $50M in savings

By Joe Guszkowski on Feb. 16, 2023

The Outback Steakhouse parent says new tech and kitchen equipment should help profits this year. But much will depend on traffic.

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