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Iconic family restaurant chain down to just 3 locations
Yahoo Finance· 2026-02-06 04:17
Back in the 1980s, restaurants made an effort to appeal to families by offering promotions like "kids eat free" after a sports team victory. This pretty benign promotion worked to drive traffic to family-friendly chains. One chain, however, offered a promotion that might not work today because standards have dramatically changed. Despite that, the offer was brought back last summer, albeit with a major caveat. "Tuesdays Kids Pay What They Weigh at The Ground Round," the chain shared on its Facebook pag ...
X @Bloomberg
Bloomberg· 2026-02-06 04:10
Centurium has consolidated its holding in Luckin Coffee to tighten control over China’s biggest coffee chain https://t.co/j9fjlGuqEZ ...
Starbucks wins dismissal of Missouri lawsuit over DEI policies
Yahoo Finance· 2026-02-06 00:28
Core Viewpoint - A federal judge dismissed a lawsuit from Missouri alleging that Starbucks used diversity, equity, and inclusion initiatives as a cover for discrimination based on race, gender, and sexual orientation, stating that the case did not prove any discrimination against Missouri residents [1][6]. Group 1: Lawsuit Details - The lawsuit claimed that Starbucks unlawfully linked executive compensation to achieving racial and gender hiring quotas [2]. - It accused Starbucks of favoring certain groups for additional training and job advancement, and of implementing a quota system for board diversity [3]. - The lawsuit sought to compel Starbucks to cease alleged discriminatory practices, rehire affected employees, and pay unspecified damages [6]. Group 2: Context and Background - The lawsuit was filed in the wake of Starbucks' policy changes following the murder of George Floyd in 2020, which prompted many companies to reassess their employment practices [5]. - Starbucks employs over 200,000 people in the U.S. and 360,000 globally [5]. - Previous legal challenges to Starbucks' diversity policies have also been dismissed, indicating a trend of courts refraining from intervening in such public policy matters [6].
Starbucks Shares Are Up 13.7% Year-to-Date: Is It a Buy?
Yahoo Finance· 2026-02-05 23:50
Shares of international coffeehouse giant Starbucks (NASDAQ: SBUX) are up 13.7% in 2026 so far, as Wall Street reacted favorably to the company's Q4 2025 earnings report. From growing same-store sales to a 5% bump in global revenue and the opening of 128 net new coffeehouses around the world, it was the most triumphant earnings report since former Chipotle Mexican Grill CEO Brian Niccol took the helm of Starbucks in September 2024. I own shares in Starbucks, but despite the recent positive news, I won't ...
Super Bowl LX's Super Schools Scores Big for Bay Area Students
Prnewswire· 2026-02-05 23:37
Core Insights - GENYOUth, a national nonprofit organization, celebrated the completion of its Super Schools community initiative, which provided nutrition equipment grants and NFL FLAG-In-School kits to 60 schools in the Bay Area, enhancing access to school meals and physical activity opportunities for students [1][2][3] Group 1: Initiative Impact - The Super Schools initiative has increased access to approximately 9 million school meals annually and expanded physical activity opportunities for over 33,000 students in the Bay Area [3][8] - The initiative included the distribution of essential equipment such as Grab-and-Go mobile meal carts, insulated milk coolers, and point-of-sale systems to improve access to healthy meals [6][7] Group 2: Community Engagement - The celebration event featured interactive activities for students and parents, including taste tests, food packing initiatives, and an NFL FLAG-In-School flag football clinic, emphasizing the connection between nutrition and physical activity [4][8] - The event was supported by various corporate sponsors, including Amazon Access, Domino's, the NFL Foundation, Pacific Gas and Electric Company, and the PepsiCo Foundation, highlighting a collaborative effort to improve student well-being [3][8] Group 3: Organizational Commitment - GENYOUth has supported over 77,000 U.S. schools, focusing on equitable access to nutrition and physical activity, and aims to end student hunger [11] - The organization is the official charitable partner of Taste of the NFL, which raises funds to combat hunger and food insecurity, with the previous event generating $2.2 million to benefit approximately 1,000 schools and 540,000 students [9][11]
平湖市市场监管局 经开分局 开展年夜饭专项检查
Xin Lang Cai Jing· 2026-02-05 23:23
(来源:南湖晚报) 转自:南湖晚报 护航"舌尖上的年味" N通讯员 胡丹磊 行动开展过程中,经开分局执法人员对辖区内餐饮单位年夜饭承接情况进行摸底,掌握预订量、最大供 餐能力等关键信息。随后上门指导,督促餐饮单位严格落实食品安全主体责任,认真开展自查自纠。现 场要求其严把人员健康关、原料采购关、加工制作关,并提醒经营者科学评估接待能力,避免超负荷运 营,从源头上防范风险。 此外,执法人员还重点检查了餐饮单位从业人员健康管理、食材采购储存、食品加工操作规范、餐具饮 具清洗消毒及"明厨亮灶"落实等情况。针对检查中发现的个别问题,执法人员现场提出整改意见,责令 限期改正,并建立问题台账跟踪督办。 截至目前,经开分局已累计出动执法人员12人次,检查餐饮经营主体18家次。下一步,经开分局将延伸 监管链条,常态化开展"回头看"复查,督促餐饮单位严格履行主体责任,全力保障人民群众度过一个安 心、祥和的新春佳节。 春节临近,为保障群众年夜饭用餐安全,营造放心消费环境,近日,平湖市市场监管局经开分局(以下 简称"经开分局")组织对辖区内承接年夜饭的餐饮服务单位开展专项监督检查。 ...
Good Times(GTIM) - 2026 Q1 - Earnings Call Transcript
2026-02-05 23:02
Financial Data and Key Metrics Changes - Total revenues decreased approximately 10% for the quarter to $32.7 million [15] - Net income to common shareholders for both the current quarter and the prior year quarter was $0.2 million or $0.02 per share [25] - Adjusted EBITDA was $1.3 million for both the first quarters of 2026 and 2025 [25] Business Line Data and Key Metrics Changes - Bad Daddy's total restaurant sales decreased $2.9 million to $23.2 million for the quarter, with same-store sales decreasing 1.2% [15][16] - Good Times total restaurant sales decreased approximately $0.7 million to $9.2 million for the quarter, with same-store sales decreasing 3.1% [20][21] Market Data and Key Metrics Changes - The average menu price during the quarter was 1.7% higher than Q1 2025 for Bad Daddy's [16] - Good Times expanded pricing tiers based on testing and measuring price elasticity, allowing for more precise pricing adjustments [21] Company Strategy and Development Direction - The company aims to prioritize paying down remaining debt, building cash reserves, and resuming share repurchases [29] - The company is focused on developing additional Bad Daddy's locations while being selective about site choices [29][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving sales trends at both brands, despite challenges from weather and operational disruptions [6][34] - The company is adapting its menu and promotional strategies to better meet customer preferences and market trends [12][13] Other Important Information - The company experienced significant weather-related disruptions, losing 28 full restaurant operating days due to storms [7] - Labor costs decreased by 60 basis points compared to the prior year quarter, attributed to reduced incentive compensation [18] Q&A Session Summary Question: Plans for cash deployment after buying back franchises - Management's first priority is paying down remaining debt, followed by building cash reserves and resuming share repurchases, with Bad Daddy's development as a third priority [29] Question: General feedback on company performance - Management received positive feedback on the company's turnaround efforts and expressed gratitude for the team's contributions [31]
Good Times(GTIM) - 2026 Q1 - Earnings Call Transcript
2026-02-05 23:02
Financial Data and Key Metrics Changes - Total revenues decreased approximately 10% for the quarter to $32.7 million [14] - Net income to common shareholders for both the current quarter and the prior year quarter was $0.2 million or $0.02 per share [24] - Adjusted EBITDA was $1.3 million for both the first quarters of 2026 and 2025 [24] Business Line Data and Key Metrics Changes - Bad Daddy's total restaurant sales decreased $2.9 million to $23.2 million for the quarter, with same-store sales decreasing 1.2% [14][15] - Good Times total restaurant sales decreased approximately $0.7 million to $9.2 million for the quarter, with same-store sales decreasing 3.1% [19] Market Data and Key Metrics Changes - The average menu price during the quarter was 1.7% higher than Q1 2025 for Bad Daddy's [15] - Good Times' average menu price for the quarter was approximately 0.7% higher than the prior year quarter [19] Company Strategy and Development Direction - The company is focusing on paying down remaining debt as a priority, followed by building additional cash and resuming share repurchase [28] - The company plans to develop additional Bad Daddy's locations, being selective about site choices [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued improvement in sales trends at both brands, despite challenges from weather and market conditions [5][33] - The company is adapting its loyalty program to better understand guests and drive incremental traffic [10] Other Important Information - The company experienced significant weather impacts, losing 28 full restaurant operating days due to storms [6] - Labor costs decreased by 60 basis points compared to the prior year quarter, attributed to reduced incentive compensation [17] Q&A Session Summary Question: Plans for cash deployment after buying back franchises - Management's first priority is paying down remaining debt, followed by building cash and resuming share repurchase, with Bad Daddy's development as a third priority [28] Question: General feedback on company performance - Management received positive feedback on the turnaround efforts and expressed gratitude for the team's contributions [30]
Good Times(GTIM) - 2026 Q1 - Earnings Call Transcript
2026-02-05 23:00
Financial Data and Key Metrics Changes - Total revenues decreased approximately 10% for the quarter to $32.7 million [14] - Net income to common shareholders for both the current quarter and the prior year quarter was $0.2 million or $0.02 per share [22] - Adjusted EBITDA was $1.3 million for both the first quarters of 2026 and 2025 [22] Business Line Data and Key Metrics Changes - Bad Daddy's total restaurant sales decreased $2.9 million to $23.2 million for the quarter, with same-store sales decreasing 1.2% [14][15] - Good Times total restaurant sales decreased approximately $0.7 million to $9.2 million for the quarter, with same-store sales decreasing 3.1% [18][19] - Restaurant level operating profit for Bad Daddy's was approximately $3.2 million for the quarter, or 13.7% of sales [17] - Good Times restaurant level operating profit was flat quarter-over-quarter at $0.9 million, with a percentage of sales increase to 10.3% [21] Market Data and Key Metrics Changes - Same-store sales at both brands remained negative for the quarter but showed sequential improvement from the previous quarter [5] - The average menu price during the quarter was 1.7% higher than Q1 2025 for Bad Daddy's [14] - Good Times expanded pricing tiers based on testing and measuring price elasticity, allowing for more targeted pricing adjustments [19] Company Strategy and Development Direction - The company aims to prioritize paying down remaining debt, building cash reserves, and resuming share repurchases, with a focus on Bad Daddy's development [27][28] - The company is shifting to a Burger of the Month platform to allow for more flexible promotional items [11][12] - The company continues to emphasize a guest-first mindset to enhance customer experience and drive long-term sales and profit gains [13] Management's Comments on Operating Environment and Future Outlook - Management noted that underlying sales trends have continued to improve into the second quarter, despite challenges from winter storms impacting operations [5] - The company is optimistic about the effectiveness of its loyalty program, which has seen an increase in loyalty attachment rates [9][10] - Management acknowledged the unpredictable economic environment and the need for liquidity [27] Other Important Information - Food and beverage costs for Bad Daddy's were 30.2% for the quarter, a 130 basis point decrease from the previous year [16] - Labor costs for Good Times decreased to 35%, a 170 basis point decrease from the prior year [20] - General and administrative expenses were $2.1 million during the quarter, or 6.3% of total revenues, a decrease of 80 basis points from the prior year [21] Q&A Session Summary Question: What is the plan to deploy cash after buying back the remaining franchises of Good Times? - Management's first priority is paying down remaining debt, followed by building cash reserves, and then resuming share repurchases, with a focus on Bad Daddy's development [26][27]
Pizza Hut Is Shutting 250 Restaurants. Here's Why.
Investopedia· 2026-02-05 21:31
Core Insights - Yum! Brands is conducting a strategic review of Pizza Hut, which may include selling the brand due to declining same-store sales [1][1] - The company plans to close 250 out of 20,000 U.S. Pizza Hut locations in the first half of the year as part of this review [1][1] - Pizza Hut's core operating profit is projected to decline by 15% in the first quarter as Yum! Brands invests in marketing and other initiatives to boost sales [1][1] Financial Performance - Yum! Brands reported $2.5 billion in revenue, a 6% increase year-over-year, slightly below analyst expectations [1][1] - Adjusted earnings per share were approximately $1.73, aligning with consensus estimates [1][1] Market Context - Increased competition and consumer demand for value offerings have negatively impacted Pizza Hut's sales, which saw a 3% year-over-year decline in domestic same-store sales in the fourth quarter [1][1] - The brand experienced prior declines of 6% and 5% in same-store sales in earlier quarters of the year [1][1]