sales and profits


Ark Restaurants posts Q4 loss, citing higher labor costs

Results were also negatively affected by New York City’s massive Hudson Yards complex, the multiconcept operator said.


Restaurants are in a slow-growth era

Sales recovery this year has been tepid, and delivery hasn't provided the boost many companies had hoped for, says RB’s The Bottom Line.

An easier-to-develop Punch Bowl prototype was shuttered after four months.

The company posted a decline in comps on a drop in traffic for all three of its restaurant brands and announced an outsourcing of several headquarters functions.

The company said its comparable-store sales have increased for nine straight years, but wage inflation hurt store profits last quarter.

The underperforming stores will be shuttered by the end of the year, the chain says.

At a time of free-falling traffic for the industry, the smaller casual brands relied largely on pricing to improve results.

Carrols Restaurant Group accidentally gave customers a bigger discount than they expected, hurting the operator’s sales and profits.

The decision follows an unprofitable quarter when traffic continued to slide.

The burger chain’s revenue fell more than 26% last quarter amid temporary store closures.

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