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Marketing

Chili's bets more TV ads will help traffic

 By Joe Guszkowski on Aug. 16, 2023

After a successful return to the airwaves earlier this year, the chain plans to invest up to $60 million in more commercials.

Operations

Cava swings to profit just in time for first earnings report as public company

 By Lisa Jennings on Aug. 15, 2023

After its June IPO, the fast-casual chain came out of the gate strong, with second-quarter traffic up more than 10%.

Financing

Why big price hikes aren't on the menu at Gen Korean BBQ

By Jonathan Maze on Aug. 14, 2023

In its first earnings call as a public company, the Korean barbecue concept’s co-CEO said that its value is a strength. It’s also been profitable for most of its history.

Financing

Restaurant sales clearly decelerated last quarter

By Jonathan Maze on Aug. 14, 2023

The Bottom Line: Earnings reports this period suggest a substantial slowdown in same-store sales among large chains in the second quarter. Are prices to blame? Or is it normalization?

Financing

For big Burger King franchisee Carrols, 8 months makes a world of difference

By Jonathan Maze on Aug. 10, 2023

The operator’s stock surged again on Thursday, and is the year’s best performing, following “one of the best quarters in the company’s 63-year history.”

Financing

Krispy Kreme ponders expansion amid a successful McDonald's test

By Jonathan Maze on Aug. 10, 2023

Six months after it started selling doughnuts at 160 McDonald’s restaurants in Kentucky, Krispy Kreme said the test is proving to be valuable. But it needs more production capacity.

Operations

Consumers to Noodles & Co.: Your prices were too high

By Lisa Jennings on Aug. 10, 2023

The fast-casual chain pivoted quickly to lower pricing and slow the "sudden and significant" traffic declines. But now Noodles is taking a more comprehensive look at strategies to drive sales.

Financing

Wendy's wants to open new locations, if it can only get the permits

By Jonathan Maze on Aug. 09, 2023

The burger chain cited “substantial permitting delays in the U.S.,” which it says has started to impact timelines for new unit openings.

Leadership

Dutch Bros names Christine Barone CEO

By Jonathan Maze on Aug. 08, 2023

Joth Ricci will step down at the end of the year following a transition period. The move comes just months after Barone was brought in as the drive-thru beverage chain’s president.

Financing

Burger King, an international powerhouse, looks to translate some of that success back home

By Jonathan Maze on Aug. 08, 2023

The Miami-based burger chain is thriving outside the U.S. as operators push growth. But it is pulling back domestically as it works on a comeback.

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