earnings

Financing

Wingstop serves up two-year same-store sales of more than 45%

With another unprecedented quarter under its belt, the Dallas-based brand plans to triple its domestic restaurant count and reach an average unit volume of $3 million.

Financing

Starbucks sees a (profitable) future in smaller cities

The coffee shop giant plans to increase the pace of its new store builds despite weak transactions. Yet its focus will be on cities with fewer Starbucks locations.

The coffee shop giant’s U.S. same-store sales fell 2% as its stores lost 6% of their customers. Same-store sales plunged in China amid a tough economy there and growing competition.

U.S. same-store sales at the burger chain declined for the first time in four years as traffic declines offset higher digital sales. Global results weren’t any better.

Inflation led to higher prices, which has hurt customer traffic this year and now sales are falling. The company says franchisees have the finances to "invest" in more value this year.

The steakhouse chain saw impressive growth on both the top and bottom line in the second quarter as it continued to defy industry trends.

But customer concerns over portions did little to slow the burrito chain in Q2, when same-store sales soared by more than 11%.

The company’s same-store sales rose 4.8%, thanks to profitable traffic growth, but its stock plunged amid issues with one of its global operators.

Sales at MTY Food Group concepts Wetzel’s and Cold Stone are outperforming other chains. But the economic environment is holding back its other brands.

The bowling-and-bocce eatertainment chain’s sales were strong in April. But investors hammered the stock after it reported weak profitability.

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