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sales and profits

Financing

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.

Financing

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.

Financing

Punch Bowl-Cracker Barrel partnership hits a speed bump

By Peter Romeo on Nov. 26, 2019

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

Financing

Luby’s losses deepen to $9.1M for Q4

By Peter Romeo on Nov. 26, 2019

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.

Financing

Jack in the Box reports best same-store sales in 4 years

By Jonathan Maze on Nov. 20, 2019

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

Financing

Chuy’s closes units

By Peter Romeo on Nov. 18, 2019

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

Financing

In brief: Q3 results for Ruth’s Chris, Chuy’s, J. Alexander’s, STK

By Peter Romeo on Nov. 08, 2019

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

Financing

A discounting mistake cost a big Burger King operator $8M last quarter

By Jonathan Maze on Nov. 07, 2019

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

Financing

Red Robin suspends refranchising

By Peter Romeo on Nov. 05, 2019

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

Financing

Steak ‘n Shake traffic and sales keep falling

By Jonathan Maze on Nov. 01, 2019

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

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