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:
- Chipotle
- McDonald’s
- Texas Roadhouse
- FAT Brands
- Wendy’s
- Shake Shack
- Wingstop
- Starbucks
- Yum Brands
- Denny’s
- RBI
- Brinker International
- Domino’s Pizza
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.
- Mellow Mushroom kicks off its largest-ever rebrand
- A look at some of Mellow Mushroom’s new branding elements