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sales and profits

Financing

Higher prices and more locations drove chain restaurant sales last year

 By Jonathan Maze on Apr. 16, 2024

Technomic Top 500: Chain restaurants continued to record strong growth last year, but mostly without higher traffic. And there were wide variations in performance throughout the ranking.

Financing

Fast-growing Crumbl's unit volumes and store profitability took a hit last year

 By Jonathan Maze on Apr. 11, 2024

Average unit volume for the cookie chain declined 37% last year even as location count grew 41%. Per-store profits were cut by 58%.

Leadership

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

By Peter Romeo on Feb. 27, 2024

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

By Peter Romeo on Feb. 22, 2024

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.

Financing

After shutting 60 namesake units, Denny's readies Keke's for expansion

By Peter Romeo on Feb. 13, 2024

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.

Financing

PFG expects food costs to climb again toward June

By Peter Romeo on Feb. 08, 2024

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

Consumer Trends

Restaurant sales expected to top $1T for the first time in 2024

By Peter Romeo on Feb. 06, 2024

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

Financing

Kura Sushi USA sees a rise in traffic, but profits remain elusive

By Peter Romeo on Jan. 05, 2024

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

Financing

Earnings roundup: Recent months prove tough for Ark, Good Times, RCI

By Peter Romeo on Dec. 19, 2023

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

Operations

Should Cracker Barrel get out of the gift shop business?

By Peter Romeo on Dec. 01, 2023

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.

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