With another earnings season behind us, Nation’s Restaurant News looks at the performance of public restaurant companies.
Chains continue to see strong off-premises sales, even as consumers cautiously return to dining in amid the COVID-19 pandemic. Many have returned to unit and traffic growth as well, with Yum Brands setting a record with the former.
Of course, the common struggles on everyone’s mind are related to labor and supply chain — but those challenges don’t seem to be holding companies back. Del Taco saw growth with limited hours, and Brinker International expressed optimism for the holiday season. But that wasn’t universal, as one powerhouse saw same-store sales declines for the first time in over a decade.
Portillo’s reported for the first time since its IPO in October, Cracker Barrel continued to struggle and Shake Shack shared plans for new formats. Read about those companies and more in this quarterly roundup.