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sales and profits

Operations

Restaurants ride a CPG wave

Post-pandemic consumers are embracing their favorite restaurant brands on retail shelves despite higher grocery inflation.

Beverage

Sober bars and zero-proof drink lists add buzz to alcohol-free socialization

More consumers want to abstain from alcohol at least some of the time, and operators are answering the call with booze-free cocktail selections that are just as buzz-worthy.

The Bottom Line: Wendy’s CEO Todd Penegor said that consumers are still eating more of their meals at home, and “it’s kind of stuck there.”

Despite sluggish sales for his category, the Papa John’s CEO believes the economy, and the company’s menu strategy, will work in its favor.

But more than a third of operators were still behind on their lease obligations, according to new research.

The sandwich chain’s owners face the ultimate challenge: Revitalizing a brand after a decade-long freefall. They are trying almost everything to bring it back to life.

The Bottom Line: Profitability concerns and fears of an economic downturn overshadowed strong overall sales.

The golf equipment maker, which acquired the golf-focused eatertainment concept in 2020, will now be known as Topgolf Callaway Brands Corp.

The Bottom Line: Domino’s, Papa John’s and Krispy Kreme all said challenges across the pond caused weakness in their results. That could portend to slowing global growth.

Following a successful $10 meal deal, the chain is queuing up happy hour and lunch specials, even as it works to keep costs down.

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