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NRN editors talk about earnings from CAVA, Chipotle, Shake Shack, and moreNRN editors talk about earnings from CAVA, Chipotle, Shake Shack, and more

Plus, hear from Blaze Pizza CEO Beto Guajardo

Holly Petre, Assistant Digital Editor

November 10, 2023

 

This week, on the Extra Serving podcast, NRN editors Holly Petre, Sam Oches, Leigh Anne Zinsmeister, and Alicia Kelso continued their discussion of earnings season.

After the barrage of earnings last week, this week seems calm in comparison, but the NRN editors saw several interesting chains report and are starting to get more color on the season as a whole.

Traffic remains a big throughline of earnings season, and this week we saw CAVA buck all trends and post 7.8% increases in traffic while maintaining profitability.

On the other hand, Sweetgreen is yet to become a profitable company several years after it debuted on the stock market.

At some brands, name recognition is the number one priority. Dutch Bros is aiming to become a household name by quintupling its unit count over the next few years, and El Pollo Loco is trying to be a national brand again.

The NRN editors also talked about Shake Shack, The Cheesecake Factory, Noodles & Company, Bloomin’ Brands, and RBI. As Alicia Kelso says, stay tuned.

This week’s interview is Blaze Pizza CEO Beto Guajardo.

 

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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