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NRN editors discuss the major themes from the Q3 restaurant earnings seasonNRN editors discuss the major themes from the Q3 restaurant earnings season

Plus, hear a recent episode of DrinkedIn Live

Holly Petre, Assistant Digital Editor

August 11, 2023

 

On this week’s episode of Extra Serving, a Nation’s Restaurant News podcast, NRN editors Holly Petre, Sam Oches and Leigh Anne Zinsmeister spoke about themes in this month’s earnings.

One of the major themes was a desire to grow traffic. While that may seem obvious, this quarter overlapped a quarter last year that was semi-normal, so the year-over-year traffic numbers are relatively evened out. How are brands pursuing traffic increases?

Also, the NRN editors noticed that everyone is trying to grow — exponentially. Last quarter, Chipotle announced it was trying to double its store count to 7,000. That came before a quarter where Burger King announced it was also going after more store openings, and the king of them all, McDonald’s, is trying to grow in the U.S.

This week’s interview is from our LinkedIn Live series DrinkedIn Live. This show is hosted by senior editor Ron Ruggless once a month. The episode you’re about to hear features Jeff Carcara, CEO of the casual-dining chain Sixty Vines, and John Olney, head winemaker and chief operating officer at Ridge Vineyards.

 

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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