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NRN editors talk about earnings calls from Yum Brands, Starbucks, Wingstop, and more restaurantsNRN editors talk about earnings calls from Yum Brands, Starbucks, Wingstop, and more restaurants

Plus, hear from Anne Mejia, senior VP of brand development for Mellow Mushroom

Holly Petre, Assistant Digital Editor

May 3, 2024

 

It’s earnings season, and the editors will be talking about it a lot over the next few weeks. So far, the outlook is mixed.

Brands like KFC and Pizza Hut have taken a big fall, while Wingstop and Chipotle are seeing big gains.

McDonald’s also had a tough quarter. While still up, the chain saw its value player status fall even further.

Starbucks also had a hard quarter. It experienced a decrease in same-store sales for the first time since the pandemic, as did Yum Brands as a whole.

Catch up on NRN’s earnings stories:

There’s also been a bit of interesting news to come out of earnings season. We finally have an idea of how California’s AB 1228 is impacting restaurants. Denny’s reported this week that the minimum wage increase helped retention at the family-dining chain because of strategies the brand has implemented previously while also not raising the minimum wage for its workers.

This week’s interview is Anne Mejia, senior VP of brand development for Mellow Mushroom.

For more on Mellow Mushroom’s rebrand, read the articles below.

 

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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