earnings

Financing

Applebee's and IHOP are ready to open new restaurants again

Parent Dine Brands is winding down a process that led to hundreds of closures over the past several years, and sees fertile ground for growth coming out of the pandemic.

Financing

Shake Shack is almost getting back to 2019 growth

The fast casual’s same-store sales remained down significantly over 2019, but have improved in October, with suburban restaurants soaring above all others.

The chain’s sales have recovered from the pandemic and accelerated, while more than a quarter of them are for takeout and delivery.

The chain raised menu prices 4.2% as commodity inflation hit 14% in the third quarter, driven largely by beef.

The company says the wage increases it is planning to make next year will hurt margins. But executives say the investments are important as it expects customer count to return.

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