This week on the Extra Serving podcast, a product of Nation’s Restaurant News, NRN editors Holly Petre, Leigh Anne Zinsmeister and Joanna Fantozzi talked about earnings season.
A slew of restaurant companies have reported, and we’re here to talk about them. These chains span from McDonald’s to Starbucks to Cheesecake Factory to BJ’s. One throughline we’ve seen is that traffic numbers are down. McDonald’s, the bellwether, showed a slight dip in traffic throughout the quarter while standouts Starbucks, Wendy’s, Chipotle, and Texas Roadhouse bucked that trend during the first part of earnings season.
Many brands saw double-digit sales, increases including McDonald’s and Taco Bell, while others such as BJ’s, Dine Brands, and Brinker are looking to boost sales and traffic.
Wingstop is set to launch a new technology platform in the next quarter, putting the technologically savvy brand ahead of the curve.
What are the other big themes of this earnings season? Listen to find out.
This week’s guests are Lauren Fernandez, founder of Full Course and Sahil Rahman, co-founder of RASA.