sales and profits

Financing

How will high gas prices affect restaurants?

The Bottom Line: Oil prices have soared and gas prices are following, which could affect restaurant sales at an otherwise sensitive time. But other issues may be more concerning.

Financing

Subway pulls back on its free sub offer

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast also features discussions on Wendy’s and Wingstop, along with the technology companies are buying and data from Technomic.

A Deeper Dive: Michelle Korsmo, CEO of the National Restaurant Association, joins this week’s episode of the restaurant finance podcast to talk about the group’s State of the Industry Report.

Projections suggest the restaurant industry can expect a better year, buoyed by easier comparisons and tax law changes. But many other factors could inhibit that growth, and not everybody will benefit.

The food-and-games chain said that its same-store sales improved as the quarter progressed and into November, sending the company’s stock soaring despite a wider loss and revenue decline.

After a third quarter that "ended with a whimper," negative sales trends are expected to continue, said one report. Restaurant chains with a big presence in Washington, D.C. will be hit hardest.

Nearly 30% of commercial foodservice traffic was on a deal over the past 12 months, the highest rate in 50 years, according to data from Circana.

The Bottom Line: The coffee shop giant is closing stores and laying off workers as it deals with a surprisingly persistent decline in traffic.

The drive-thru salad chain is closing locations in Houston, Austin and San Antonio. The closures represent more than a quarter of the chain’s units.

According to the National Restaurant Association, median profitability at all restaurants remains lower than it was before the pandemic, despite historic increases in menu prices.

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