earnings

Financing

Outback Steakhouse plots return to unit growth behind smaller restaurants

A new, more profitable prototype could help the chain add 75 to 100 stores in the U.S., executives said.

Financing

McDonald’s sales rise, thanks to digital and loyalty

Same-store sales rose 3.5% in the U.S. in the first quarter and surged overseas. Yet the Russian invasion of Ukraine cost the company $127 million.

The pizza chain’s same-store sales declined 3.6% in the U.S. in the first quarter while earnings declined amid a number of challenges that executives warned could persist into the future.

Despite omicron and the war in Ukraine, executives said it's been the most stable period since the start of the pandemic.

The pasta chain, where half of all customers order a dish with chicken, is adding a temporary $1 surcharge to those items because of soaring protein costs.

The burrito giant’s revenue and same-store sales grew during the first quarter but its margins took another hit because of soaring commodity and labor costs.

As its restaurants staffed up again, sales followed, helping the chain generate its highest revenues ever for the period.

The two chains said they are starting to see some efficiencies after joining forces last year, but development was slowed by COVID.

The food-and-games operator said it’s seeing significant pent-up demand for gathering in its restaurants and is working to boost its late-night business.

The restaurant group generated $30 billion last year, a double-digit increase, and each of its six brands set growth records of their own.

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