Chipotle’s Q4 2023 results far exceeded expectations, as well as the industry at large, with Tuesday’s report showing a same-store sales increase of 8.4%. Revenue increased 15.4% to $2.5 billion, while restaurant level operating margin increased...
Chipotle’s Q4 results included a same-store sales increase of 8.4% and a 7.4% increase in transactions, versus a 1.6% decline industrywide.
The National Restaurant Association is forecasting a record $1.1 trillion in sales in 2024 and the addition of 15.7 million jobs.
McDonald’s reported mixed results from its Q4 and full-year earnings report Monday morning. The company’s quarterly same-store sales, at 3.4%, fell short of expectations and were weighed down by the war in the Middle East...
The restaurant company is navigating transaction reductions from consumers making $45,000 and below and believes those headwinds will continue this year.
Plus, hear from Derrick Hayes, founder and CEO of Big Dave’s Cheesesteaks
Restaurant company reports net income of $600K for Dec. 24-ended Q2 2024