sales and profits

Leadership

Cracker Barrel's new CEO airs her roadmap back to better times

Julie Masino wants to accelerate the family dining chain's rejuvenation efforts and menu evolution.

Financing

Financial roundup: Olo, US Foods, Ark Restaurants, newcomer Pinstripes, Chuy's

This earnings season brought the addition of newly public food-and-games concept Pinstripes. Here in brief are how it and several other public companies fared during the latter part of 2023.

A Keke's unit was opened for the first time outside of Florida, to encouraging results, the company said. It sports a new look and menu, as well as alcoholic beverages.

The distributor said it saw a slight deflation in prices during the end of 2023, but foresees a "very slight" climb toward mid-year.

But the National Restaurant Association projects in its annual State of the Industry Report, margins will be squeezed by high inflation.

The fast-growing sushi chain projects that it will be helped later this year by a major change in California's wage requirements.

The three multi-concept restaurant operators showed significant declines, with at least one blaming more serious consumers.

Reality Check: The retail component of the family dining concept drew off sales and profits during the brand's most recent quarter. Maybe it's time to leave the shops out of future Cracker Barrels.

The Bottom Line: Burger King operator Carrols, Cava and Wingstop were the big winners. But there were plenty of concepts that would rather have that one back.

The Bottom Line: After “pent-up demand” kept customers coming back in 2022, restaurants have to work harder in 2023 to get customers coming in the door.

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