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sales and profits

Financing

Sales rebound puts Cheesecake Factory on route to $12M AUV

Staffing challenges aren't hampering sales, which are running 10% over pre-pandemic levels.

Financing

Restaurant sales recover, but the industry is a lot different now

Restaurants generated more than $70 billion in sales last month as it has recovered from the pandemic. But how consumers use restaurants is different, says RB’s The Bottom Line.

The Japan-based chain is resuming its penetration of the U.S. market now that its current 32 units are fully open.

Olive Garden’s sales increased relative to 2019, while the casual dining operator’s fine dining concepts see improvements.

The upscale steak chain’s same-store sales have been up over 2019 so far this quarter as consumers returned to in-restaurant dining.

With more of its eatertainment locations reopening, the chain expressed optimism as it released its Q1 earnings Thursday.

Telecommuting has been in decline as pandemic worries ease. That could help some restaurants, but commercial areas may never be the same, says RB’s The Bottom Line.

Because of a new approach to hiring and training, the casual chain should be fully staffed by early summer, CEO Paul Murphy told investors.

The company has a new franchise sales effort and is opening in REEF Kitchens, but it allowed operators to close underperforming locations last quarter.

The chain’s sales “significantly exceeded” expectations in the first quarter as morning sales did well, but customers came in the rest of the day, too.

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