Finance

Fast-casual brand encounters permitting hurdles in 2022 development

Starbucks’ customized beverages business reached $1 billion in 2022, largely driven by Millennials and Gen Z, and especially when it comes to iced and specialty holiday offerings

Burger King operators oversubscribe in company’s plan to update U.S. system, CEO says on Q3 earnings call.

During Shake Shack's Q3 earnings call, executives noted that staffing remains a challenge as the company continues to grow its footprint.

Papa Johns reported negative sales and revenue after 12 straight quarters of outperformance, while its competitors saw positive same-store sales growth

Brinker International division says smaller store offers opportunity for less populous locales and to serve off-premises demand

Equipment supply chain and permitting slowed development in 2022, executives say on Q3 earnings call

Bipartisan politicians, the National Restaurant Association and Independent Restaurant Coalition are urging the SBA to release the unobligated funds soon

Brand deploys carrot-stick framework as it targets restoring most units to all-day service in mid-2023