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Wingstop reported domestic same-store sales growth of 1.2% in the first quarter ended March 26. The fast-casual company’s CEO Michael Skipworth said that prices of bone-in chicken wings are nearly half of last year’s record highs.
First Watch reported same-store sales growth of 27.2% in the first quarter ended March 27, and on its earnings call emphasized its newest tech innovations. The family-dining chain has been rolling out a new kitchen display system, with plans to have them in more than half of company-owned restaurants by the end of 2022.
Sweetgreen reported a same-store sales increase of 35% for the first quarter ended March 27. The fast-casual salad chain, which went public last year, said it saw positive results from price increases in the quarter.
Papa Johns reported same-store sales growth of 1.9% in North America in the first quarter ended March 27. The quick-service pizza chain also announced big development plans, with 2,000 new stores to come by the end of 2025.
Bloomin’ Brands reported domestic same-store sales increases of 9.2% at Outback Steakhouse, 11.5% at Carrabba’s Italian Grill, 21.3% at Bonefish Grill and 45.7% at Fleming’s Prime Steakhouse & Wine Bar for the first quarter ended March 27. Outback is crafting smaller prototypes, shaving as much as 16% off the typical unit’s size, as it anticipates unit growth.
Domino’s reported a domestic same-store sales decline of 3.6% for the first quarter ended March 27, one of the only quick-service pizza brands to lose momentum in the most recent period. The company blamed industry-wide challenges including price and commodity inflation, uncertain global political circumstances and labor shortages.
Texas Roadhouse reported a same-store sales increase of 16% at company restaurants and 20.4% at domestic franchise restaurants for the first quarter ended March 29. The casual-dining company, which also owns Bubba’s 33 and fast-casual Jaggers, has increased menu prices several times, most recently in April, but says it has seen little customer push-back.
The Cheesecake Factory reported same-store sales increases of 20.7% at its flagship brand and 32% at North Italia in the first quarter ended March 29. The company said its staffing levels had risen above pre-pandemic numbers despite the industry-wide labor shortage.
Noodles & Company reported a same-store sales increase of 6.4% in the first quarter ended March 29. The fast-casual restaurant chain announced that it would add a $1 surcharge to chicken dishes to combat costs, and was planning to roll out its low-carb LEANguini.
El Pollo Loco reported systemwide same-store sales growth of 7.8% for the first quarter ended March 30. The quick-service company said that it got a big boost from birria, shredded beef dipped in broth, which it launched as a limited-time offer on March 17 and called the most successful new product launch ever implemented.
Shake Shack reported same-store sales growth of 10.3% for the first quarter ended March 30. The fast-casual chain is doubling down on omnichannel experience and planning to double its number of drive-thrus this year, from five to ten.
Brinker International reported that systemwide same-store sales were up 13.5% in the third quarter ended March 30, with increases of 10.3% at Chili’s and 50.5% at Maggiano’s. The casual-dining company has been emphasizing value and taking a prudent approach to price increases, with CEO Wyman Roberts saying its pricing strategy “isn’t passive, but isn’t reckless either.”
Yum Brands’ reported the following domestic same-store sales changes for its chains in the first quarter ended March 31: a 6% decline at Pizza Hut, a 1% gain at KFC, a 5% gain at Taco Bell and a 3% gain at The Habit Burger Grill. The company said the decline at Pizza Hut was due to ongoing delivery driver shortages.
Dine Brands reported domestic same-store sales increases of 14.3% at Applebee’s and 18.1% at IHOP for the first quarter ended March 31. Executives maintained that inflation and gas prices did not deter diners from their chains, which rely on value and expect momentum as lower-income wage growth boosts consumer confidence.
Restaurant Brands International reported the following domestic same-store sales changes for the first quarter ended March 31: flat numbers at Burger King; a 4.5% increase at Firehouse Subs; and a 4.6% decrease at Popeyes. Tim Hortons had a global same-store sales of 8.4%. The company said that it continued to expand its digital sales in the first quarter, and also outlined the impact of its pulling back from Russia because of that country’s invasion of Ukraine.
McDonald’s said that its same-store sales were up 3.5% in the United States in the first quarter ended March 31. Executives at the quick-service burger giant said that customers were showing signs of trading down amid economic pressures, but that the brand continued to see delivery elevate in pace.
Chipotle Mexican Grill said that its same-store sales increased 9% in the first quarter ended March 31. The fast-casual chain had increased its menu prices again, but still has pricing power, according to CEO Brian Niccol.
Krispy Kreme reported that hub sales, defined as revenues from hub stores with spokes, divided by the average number of hub stores with spokes at the end of the five most recent quarters, increased 19.4% in the first quarter ended April 3. The quick-service brand’s omnichannel growth and menu innovation are driving the momentum, according to CEO Mike Tattersfield in an interview with Nation’s Restaurant News.
Wendy’s reported that same-store sales were up 2.4% systemwide and 1.1% in the U.S. in the first quarter ended April 3. The company has been focusing on value offerings as inflation impacts customers, though demand is “generally strong,” according to CEO Todd Penegor.
Starbucks said that its same-store sales grew 12% in the U.S. and North America markets during the second quarter ended April 3. The company announced a lot of changes in its earnings call, including a $1 billion investment in employees and in-store experience and a digital third place with plans for NFTs.
