sales and profits

Financing

Restaurants want to do more business in less space

Inflation is driving up the cost of operating a restaurant, making efficiency more important than ever. So chains are shrinking the size of their restaurants and reorganizing their kitchens.

Financing

Why 2023 will be a year of weaker sales and higher margins

Fitch Ratings expects modest restaurant growth this year. But recent price increases and an improving inflationary environment should help with profits.

The multiconcept operator has drastically raised prices, but doesn't know how much more can be passed along.

Industry leaders took reporters behind the numbers for a clearer, more nuanced picture of hospitality's ongoing rebound from the pandemic.

The eatertainment chain operator’s stock fell 7% after saying sales slowed down so far this quarter.

The Bottom Line: Other winners included Potbelly and third-party delivery, while Freshii, quick-service pizza and lower-income consumers were left out.

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

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.

  • Page 4