The latest financial quarter saw restaurant companies struggle a bit. Same-store sales across the board were generally up a small percentage, but those increases were attributed to things like menu price increases that have taken hold throughout the past year. Traffic, broadly, was down 3.5%-4% across the industry.
There were some bright spots. Chipotle, Texas Roadhouse, Kura Sushi, and CAVA all had higher-than-average traffic increases, and CAVA continued to show nearly 50% revenue increases. Jack in the Box is seeing units in new markets outperform expectations, and at Shake Shack, labor-saving kiosks now account for more than half of all in-store orders.
Elsewhere, companies like Red Robin and Brinker are seeing changes to their numbers due to a waning emphasis on virtual brands. McDonald’s shared its plans for unit types going forward, and Domino’s executives expressed optimism.
Click through the gallery to see how 21 restaurant companies performed in their latest quarters.
