Krispy Kreme reported 18.4% growth in same-store sales in the third quarter, and revenue growth of 10.1% attributed to e-commerce sales.
Dutch Bros Coffee reported same-store sales increases of 1.7%, driven by 9.1% price increases taken over the last year. The company also saw record store openings, with 38 new cafes opening in the third quarter.
Sweetgreen saw a 6% increase in same-store sales in the third quarter, largely thanks to menu-price increases. The company is testing two fully automated restaurants, operated by Spyce technology.
Noodles & Company generated a same-store sales increase of 3.4% in the third quarter. The fast-casual company said it had gained some momentum from lower chicken costs, and expected that momentum to continue into Q4.
Dine Brands Global reported same-store sales increases of 3.8% at Applebee’s Neighborhood Grill & Bar and 1.9% at IHOP in the third quarter. Casual-dining Applebee’s is continuing to test pickup windows to serve off-premises consumers, with brand president John Cywinski planning to expand the project and weigh its future by the middle of the next year.
First Watch reported a same-store sales increase of 12% for Q3, bucking industry trends as traffic growth also increased 3.7%. The family-dining chain, which has now completed its first full year as a public company, attributes much of its growth to its focus on menu innovation and people.
Portillo’s same-store sales increased 5.8% in the third quarter. The fast-casual company, facing permitting and construction hurdles, is clustering as many as five new restaurant openings into the final two months of the year.
Starbucks reported same-store sales growth of 7% for the third quarter, largely driven by Millennial and Gen Z consumers. The coffee giant is seeing big results as its customer base gets younger and keeps ordering personalized drinks.
Restaurant Brands International reported systemwide global same-store sales increases of 10.3% at Burger King, 9.8% at Tim Hortons and 3.1% at Popeyes. The company said its “Reclaim the Flame” investment program has ignited Burger King franchisee interest as operators are oversubscribing in the plan to update the U.S. system.
Shake Shack reported a same-store sales increase of 6.3% for the third quarter, along with a nearly 18% jump in revenue. The fast-casual company is ramping up its labor efforts to support the growth, noting that staffing remains a challenge as the chain’s footprint grows.
Papa Johns reported a same-store sales slowdown of -1% in the third quarter following 12 straight quarters of positive growth, despite QSR pizza competitors Pizza Hut and Dominos both growing sales. The company’s strategy of unit growth and development has posed a challenge recently because real-estate permitting is still behind, but CEO Rob Lynch is confident in Papa Johns’ 6-8% development outlook moving forward.
Brinker International reported same-store sales increases of 3.8% at Chili’s Grill & Bar and 18.2% at Maggiano’s Little Italy. The casual-dining company opened a smaller Chili’s unit this month dedicated to delivery and carryout, offering an opportunity for less populous locales to serve off-premises demand.
Same-store sales at The Cheesecake Factory increased 1.1% in the third quarter as the casual-dining chain said it would push new units into 2023. The equipment supply chain and permitting slowed development this year.
Denny’s reported a systemwide same-store sales increase of 1.5% for the third quarter. The family-dining chain is incentivizing franchisees to return to 24/7 operating hours, targeting mid-2023 for most units to return to round-the-clock service.
Yum Brands reported same-store sales growth of 7% at Taco Bell, 2% at KFC U.S. and 1% at Pizza Hut U.S., generating a strong quarter by balancing value and “premium value” offerings across the board. CEO David Gibbs said menu offerings across the company are broad enough to appeal to consumers across every demographic.
Bloomin’ Brands reported same-store sales growth of 2.3% at Outback Steakhouse, 1.3% at Fleming’s Prime Steakhouse and 0.7% at Carrabba’s Italian Grill, and a same-store sales decline of 0.9% at Bonefish Grill. The parent company is leaning into technology for the kitchen, service and sales, with waiter handhelds to be rolled out systemwide by year’s end.
Texas Roadhouse reported a same-store sales increase of 8.2% at company-owned restaurants and 6.7% at domestic franchise restaurants in the third quarter. Executives at the casual-dining company feel good about the health of the consumer as demand continues to stay strong.
McDonald’s reported a same-store sales increase of 6.1% for the third quarter, its ninth consecutive quarter of comp sales growth in the U.S. and 22nd out of the past 23 quarters. Much of that lift comes from higher menu prices, but McDonald’s is also reaping the benefits of a large marketing investment it made in the second quarter of 2020.
Wingstop reported domestic same-store sales growth of 6.9% for the third quarter, reversing the decline it saw in Q2. The company said it benefitted from wing-price deflation, expanded delivery and systemwide introduction of chicken sandwiches.
Chipotle Mexican Grill reported a 7.6% increase in same-store sales in Q3, driven largely by higher menu prices designed to offset inflation. Chipotle’s menu offerings are 13% higher than they were last year and about 20% higher versus 2020, outpacing many of its industry peers but leaving it a relative value versus categorical competitors.
Domino’s same-store sales turned positive with a 2% increase in the third quarter as staffing improved and the carryout business expanded.