50-60平方米的小堂食门店， 将会是"堂上堂"拓店的主力店型。 文 ｜ 钟艺璇 封面来源 ｜ 企业供图 36氪获悉，包子连锁品牌"堂上堂"近期完成数百万元Pre-A轮融资，投资方为属地国资合肥建投资本、老股东番茄资本。堂上堂创始人朱超告诉36氪，本轮 融资资金将用于供应链建设、组建人才团队等关键环节。 堂上堂是36氪持续关注的一家连锁餐饮品牌，门店包子主打现包现蒸，1比1面馅比，出炉仅售2小时，在售包子SKU9个，十分精简。成立5年，堂上堂已在 安徽合肥开设超过20家门店，目前是大众点评包子品类中唯一一家连续三年上榜的必吃榜品牌，也是美团外卖必点榜品牌。 图源官方 相较于一般包子铺，堂上堂包子的零售价并不低，猪肉包3.5元一个，小炒黄牛肉包则卖到6元。在这种前提下，堂上堂却打破了包子仅限于早餐场景的限 制，成为一个全时段产品，朱超告诉36氪，目前堂上堂三餐占比为早上50%、中午10%以及晚上40%，晚餐时分还经常需要排队。 究其原因，朱超认为，堂上堂突破了人们对包子品质的传统认知，包子不仅可以"裹腹"，也可以是一种为了"好吃"而买单的产品，"好吃不好吃，顾客一口 就能尝出来"。 堂上堂现有门店存在三种模型， ...

Company Performance & Strategy - Starbucks' stock experienced volatility after the earnings report, initially tumbling, then rising, and finally settling flat [1][2] - Headline numbers were weaker than expected, but overall results were encouraging due to turnaround efforts [2] - Brian Nickel's hiring as CEO led to a 25% stock jump, based on his turnaround success at Chipotle [3] - Starbucks is focused on solving the throughput problem with a goal of processing orders in less than four minutes and improving the in-store experience [5] - The company's Green Apron service model, aimed at improving the in-store experience, is being scaled up across US stores ahead of schedule [13][16] Financial Results & Analysis - Global same-store sales were down 2%, while Wall Street expected a 13% decline [7] - Starbucks earned 50 cents per share, while Wall Street expected 65 cents, but one-off items impacted earnings [7][8] - Excluding one-off items, earnings per share would have been 61 cents [8] Regional Performance - North America performed better than expected, with the US in line with expectations [10] - China showed improvement with same-store sales up 2%, driven by a 6% increase in transactions [10] - The rest of the international business had flat comps, while Wall Street expected a 22% increase [11] Strategic Considerations - Starbucks is evaluating options for its Chinese business, with significant interest from over 20 parties, but aims to retain a meaningful stake [18] - The company is focused on winning the morning day part and ensuring correct staffing levels throughout the day [15]

Financial Data and Key Metrics Changes - System-wide sales decreased by 3.3% to $181.9 million compared to the previous year [19] - Total revenue for the quarter was $87.8 million, a 4.1% decrease from $91.6 million in the prior year [20] - Net loss for the quarter was $20.8 million, compared to a loss of $10.7 million in the previous year [26] - Adjusted EBITDA decreased to $5.2 million from $7 million in the prior year [26] Business Line Data and Key Metrics Changes - Twin Peaks revenue increased by 5.8% to $51.1 million, driven by new lodge openings, despite a decline in same-store sales [20] - Smoky Bones revenue decreased by 15.2% to $36.7 million due to strategic conversions and temporary closures [21] - Restaurant level contribution margin for Twin Peaks decreased to 17.7% from 18% in the prior year [25] - Smoky Bones restaurant level contribution margin decreased to 4.9% from 9% in the prior year [25] Market Data and Key Metrics Changes - The second quarter experienced softer sales and traffic due to less favorable sports calendaring, impacting engagement [20] - The absence of key market teams in the NBA and NHL playoffs contributed to lower sales [20] Company Strategy and Development Direction - The company is focusing on operational excellence, reducing complexity, and enhancing guest experience [7][8] - A streamlined menu is being tested to improve execution and speed of service [10] - The company plans to accelerate growth with a robust pipeline of 100 committed lodges, with 75% from existing franchise partners [14] - The strategy includes positioning Twin Peaks as a premier destination for sports events and enhancing community engagement [15][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the brand's strength and the potential for growth despite current challenges [17] - The company anticipates stronger revenue gains in the second half of the year due to an improved sports calendar [14][16] - Management is committed to protecting the brand's core values while exploring new opportunities for innovation [17] Other Important Information - The US Department of Justice dropped all charges against FAT Brands, the parent company, which is seen as a positive development [18] - Twin Peaks ranked 97th on the 2025 Technomic Top 500 list of the largest restaurant chains in the US [29] - The company raised over $100,000 for Texas flood relief efforts, highlighting its commitment to community support [29] Q&A Session Summary Question: What is the outlook for Smoky Bones over the next six months? - Management indicated there will be moderate changes, with minimal adjustments expected until performance assessments are completed [35][36] Question: What is the increase in General and Administrative (G&A) expenses attributed to? - The increase in G&A expenses was primarily due to equity grants following the public listing, which is expected to decrease significantly going forward [41][42] Question: Is there room for improvement in store-level margins? - Management expressed confidence in finding improvements in sales and bottom-line performance as the sports calendar improves [43][44]

Financial Data and Key Metrics Changes - Total revenues for Q2 2025 were $146.8 million, a 3.4% decrease from $152 million in the same quarter last year, primarily due to the closure of underperforming locations and lower same-store sales [25] - General and administrative expenses increased to $44.4 million from $29.6 million, largely due to non-cash share-based compensation related to the public listing of Twin Hospitality Group [25] - Net loss attributable to FAT Brands was $54.2 million or $3.17 per diluted share, compared to a net loss of $39.4 million or $2.43 per diluted share in the prior year quarter [26] Business Line Data and Key Metrics Changes - The closure of five underperforming Smoky Bones locations impacted revenue, while new Twin Peaks Lodges partially offset this decline [25] - Adjusted EBITDA for the quarter remained flat at $15.7 million, comparable to the previous year [26] - The snacks segment, including Great American Cookies and Marble Slab Creamery, showed consistent strength, with digital sales for Great American Cookies increasing to 25% of total sales [13][14] Market Data and Key Metrics Changes - Domestic system-wide sales outperformed international sales, although there were positive signs internationally, particularly for Fatburger locations in Canada [12][13] - The company operates approximately 2,300 locations across 49 states and 35 countries, with 80% in domestic markets and 20% internationally [7] Company Strategy and Development Direction - The growth strategy is anchored by three pillars: organic expansion, targeted acquisitions, and increasing manufacturing capacity, particularly in cookie dough production [14] - The company plans to open 100 new locations in 2025, with a robust development pipeline of approximately 1,000 locations committed by franchisees over the next five to seven years [15] - The company is also focusing on enhancing the guest experience through innovation and menu development, as well as revitalizing existing locations through a Store Refresh program [18][22] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future following the resolution of legal issues, which will save approximately $30 million annually in litigation costs [11][26] - There are encouraging signs of improved consumer confidence, particularly in the snack brands, while QSR brands face challenges [34][54] - The company is working towards achieving cash flow positive status in the coming quarters while continuing strategic deleveraging efforts [12][41] Other Important Information - The company has reached a settlement in the Delaware derivative cases, which is subject to court approval [6] - The Georgia production facility generated $10.3 million in sales with a 37% margin, currently operating at 45% capacity, indicating significant growth potential [21] Q&A Session Summary Question: Update on SEC civil action following DOJ announcement - Management is hopeful the SEC investigation will also conclude favorably following the DOJ case, and they have filed for recovery of legal fees through insurance [29][30] Question: Increase in G&A costs and future expectations - The increase in G&A costs is a one-time event related to the Twin Peaks spin-off, and costs are expected to decrease moving forward [30][31] Question: Timing for the rollout of the new manufacturing contract - The new manufacturing contract is currently in production and is expected to be fully rolled out within the next 30 to 60 days [32][33] Question: Observations on restaurant industry traffic - Different brand categories are experiencing varied performance, with snack brands performing well while QSR brands face challenges [34] Question: Current liquidity situation - The company has retained notes valued between $130 million and $150 million for liquidity, and is focused on identifying further savings across all brands [41][42]

Shares of Wingstop surged more than 25% Wednesday after the chicken chain posted better-than-expected quarterly results and raised its global unit growth rate outlook. https://t.co/Th3tTFK4Fu ...

DALLAS, July 30, 2025 /PRNewswire/ -- Brinker International, Inc. (NYSE: EAT) has scheduled its earnings conference call at 10 a.m. Eastern Time on Wednesday, August 13, 2025, to review fourth quarter fiscal 2025 earnings, which will be announced before the market opens on August 13, 2025. The company may also provide other business updates.The live audio webcast can be accessed through Brinker's investor relations website. A replay of the conference call will be available on the website for two weeks after ...

Q2 2025 Financial Highlights - System-wide sales decreased by 37% to $5922 million in Q2 2025 compared to $6147 million in Q2 2024[7, 10] - Same-store sales declined by 39% system-wide[7] - Total revenue decreased to $1468 million in Q2 2025 from $1520 million in Q2 2024[7, 10] - Adjusted EBITDA remained flat at $157 million in both Q2 2025 and Q2 2024[7, 10] Strategic Focus - The company aims to accelerate the build-out of a new store pipeline of over 1,000 units[13] - The company plans to grow factory production to utilize approximately 60% excess capacity through expanded organic channels and third-party manufacturing[13] - The company is targeting approximately $10 million in Adjusted EBITDA growth from new stores and approximately $5 million from the factory[13] - The company intends to re-franchise 57 Fazoli's company-owned restaurants[13] Q2 2025 Statement of Operations - Royalties decreased to $22169 thousand in Q2 2025 from $23318 thousand in Q2 2024[21] - Restaurant sales decreased to $102388 thousand in Q2 2025 from $107410 thousand in Q2 2024[21] - Net loss attributable to FAT Brands Inc was $(54188) thousand in Q2 2025 compared to $(39359) thousand in Q2 2024[21, 23]

Market Overview - Trading in the S&P 500 index has seen reduced volatility, leading to fewer opportunities for profitable trades, but there is increased activity in other stocks [1] - Unusual trading volumes indicate potential accumulation or speculation in certain stocks, suggesting opportunities for volatility outside of major indexes [2] Company Insights Rocket Companies Inc. (RKT) - Rocket Companies has been identified as a stock with significant trading activity, with daily volumes reaching 64.3 million shares on July 22, compared to an average of 20 million shares [7] - The stock trades at a price-to-cash (P/C) ratio of 71x, significantly higher than the finance sector's average of 21.6x, indicating a premium valuation [5] - The current low mortgage cycle presents an opportunity for Rocket to deploy its cash aggressively when mortgage rates decline, potentially increasing demand [6] Wendy's Co. (WEN) - Wendy's stock has seen a decline in short interest by 45.3%, reflecting a shift in investor sentiment amid rising consumer concerns about inflation [8] - The stock trades at 49% of its 52-week high, presenting an attractive risk-to-reward ratio for buyers [9] - Trading volume for Wendy's reached 19.3 million shares on July 22, significantly above its average of six million shares, with analysts projecting a price target of $15.3, indicating a potential rally of 50.5% [10][11] PulteGroup Inc. (PHM) - PulteGroup's earnings per share (EPS) growth is crucial for its stock performance, with analysts projecting an EPS of $3.17 for Q4 2025, following a recent report of $3.03 EPS that beat expectations by 4% [13][14] - Trading volume for PulteGroup increased to five million shares on July 21, indicating heightened investor interest [15] - UBS analyst John Lovallo has set a price target of $150 for PulteGroup, suggesting a potential rally of 28% from current trading levels [15]

Core Viewpoint - Twin Hospitality Group Inc. reported a decrease in total revenue for the fiscal second quarter of 2025, attributed to the closure of underperforming locations and lower same-store sales, while emphasizing a focused strategy for growth and operational improvement [2][6]. Financial Performance - Total revenue decreased by $3.7 million, or 4.1%, to $87.8 million compared to $91.6 million in the same period of 2024 [6][9]. - Loss from operations was $11.6 million, a decline from an income of $1.4 million in the previous year [9]. - Net loss increased to $20.8 million from $10.7 million year-over-year [9]. Cost Management - Food and beverage costs decreased by $1.4 million, or 6.1%, to $21.5 million, representing 27.1% of restaurant sales in 2025, compared to 27.4% in 2024 [7][9]. - Labor and benefits costs decreased by $1.1 million, or 4.3%, to $25.3 million, accounting for 31.8% of restaurant sales in 2025, compared to 31.6% in 2024 [8][9]. Operational Strategy - The company is focused on six priorities to enhance operations, including reducing complexity, improving cost discipline, and streamlining menu offerings [2]. - The development pipeline includes plans for new franchised locations, with a notable conversion from Smokey Bones to Twin Peaks expected to yield higher sales volumes [3]. Key Metrics - Twin Peaks same-store sales declined by 4.4%, while system-wide sales increased by 0.3% [9]. - Adjusted EBITDA for the quarter was $5.2 million, down from $7.0 million in the previous year [9][26].

LOS ANGELES, July 30, 2025 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT) ("FAT Brands" or the "Company") today reported financial results for the fiscal second quarter ended June 29, 2025. Andy Wiederhorn, Chairman of FAT Brands, said: "Backed by a robust pipeline of roughly 1,000 signed deals, we opened 18 new locations during the second quarter, including three co-branded Marble Slab Creamery and Great American Cookies stores, and are well positioned to meet our goal of more ...