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earnings

Operations

Shake Shack reinvents the labor deployment model

 By Lisa Jennings on Sep. 05, 2024

The burger chain joins a growing number of fast-casual chains using AI-driven technology to better manage staffing.

Financing

Tim Hortons' sales take a big hit in China

 By Jonathan Maze on Aug. 29, 2024

The coffee chain, which had been expanding aggressively in the country, has seen sales plunge there amid growing competition.

Financing

Starbucks is sued over its bad earnings results

By Jonathan Maze on Aug. 29, 2024

A shareholder has filed a class-action lawsuit accusing the coffee shop giant of making overly rosy projections late last year before its sales, particularly in China, turned starkly south.

Operations

Shake Shack to close 9 underperforming units

By Lisa Jennings on Aug. 28, 2024

The restaurants to be shuttered are in California, Ohio and Texas. The company blamed changes in the trade areas and cannibalization from its nearby restaurants.

Financing

Winners and losers from a weird earnings season

By Jonathan Maze on Aug. 26, 2024

The Bottom Line: Some restaurant chains did extremely well, others less so. And even those that seemingly did well did not do well, at least if you ask Wall Street.

Financing

Struggling BurgerFi hires a chief restructuring officer

By Lisa Jennings on Aug. 23, 2024

In addition, three board members have resigned from the parent company of BurgerFi and Anthony's Coal-Fired Pizza, indicating bankruptcy could be coming.

Financing

Red Robin's comeback spoiled by traffic troubles

By Joe Guszkowski on Aug. 23, 2024

Customers say they’re more satisfied with the burger chain’s food and service, but fewer are choosing to visit. That has dimmed the chain's near-term outlook.

Financing

Inflation-weary consumers are trading down, up and over to Cava

By Lisa Jennings on Aug. 22, 2024

For the second quarter, the Mediterranean chain reported industry-busting traffic growth of 9.5%. Why? It's perceived as a good value.

Financing

BurgerFi says it may file bankruptcy

By Lisa Jennings on Aug. 16, 2024

The parent of BurgerFi and Anthony's Coal Fired Pizza said there's substantial doubt about the company's ability to continue to operate.

Financing

Acting like a fast-food chain gives Chili's a 14.8% sales bump

By Peter Romeo on Aug. 14, 2024

The main operation of Brinker International said traffic jumped 5.9%, in part on the strength of drawing first-time guests. Investors were still not pleased.

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