All articles tagged with #same store sales
Darden Restaurants reported strong Q2 sales driven by Olive Garden and LongHorn Steakhouse, raising its full-year revenue outlook due to increased demand for value-oriented dining options despite higher ingredient costs, with growth in same-store sales and a positive outlook for fiscal 2026.
McDonald's is expected to report strong Q3 earnings with $3.33 EPS and $7.1 billion revenue, driven by successful value strategies and international growth, despite broader economic concerns.
Despite meeting Wall Street earnings estimates, Chipotle's stock dropped 19% after lowering its full-year same-store sales guidance due to expected demand slowdown, highlighting the need to emphasize value and improve customer experience amid a challenging fast-casual dining environment.
Restaurant Brands International exceeded earnings and revenue expectations in Q3, driven by international growth and strong performance from Tim Hortons and Burger King, while Popeyes faced sales declines.
Starbucks reported its first quarterly same-store sales growth in nearly two years, with a 1% increase globally and a turnaround in U.S. sales, driven by its 'Back to Starbucks' strategy, despite slightly missing earnings expectations.
Darden Restaurants reported mixed quarterly results with a net income increase and strong sales growth driven by its brands like Olive Garden and LongHorn Steakhouse, and raised its revenue growth forecast for 2026, though its shares fell 6% premarket.
Cava's stock dropped 20% after lowering its full-year same-store sales growth forecast to 4-6% due to disappointing Q2 performance, despite reporting better-than-expected earnings and revenue; the company also announced participation in a $25 million funding round for Hyphen, an automation company.
Yum Brands reported quarterly earnings and revenue that fell short of expectations due to declines in U.S. same-store sales for Pizza Hut and KFC, despite overall revenue growth and international sales increases, highlighting ongoing challenges in the U.S. market.
Starbucks reported its sixth consecutive quarter of declining same-store sales, though its overall revenue exceeded expectations and shares rose slightly. The company is implementing a turnaround strategy, with some positive signs in North America and China, and plans for new product launches and app improvements in 2026.
Chipotle Mexican Grill's stock fell 10% after lowering its full-year same-store sales growth forecast due to weaker consumer spending, with Q2 earnings meeting EPS expectations but missing revenue estimates. The company reported a 4% decline in same-store sales in Q2, worse than the previous quarter, and projects flat sales growth for the year, leading to a cautious outlook despite plans to open new restaurants. Wall Street maintains a moderate buy rating with an average price target suggesting potential upside.
Chipotle's Q2 earnings met expectations, but a 4% decline in same-store sales and weak consumer spending caused its stock to drop nearly 10%, raising concerns about near-term growth despite plans for expansion and marketing efforts.
Chipotle Mexican Grill lowered its 2025 same-store sales growth forecast to flat, citing declining traffic for the second consecutive quarter, leading to a 9% drop in its stock price; the company reported a 4% decline in same-store sales in Q2, influenced by weather and economic concerns, despite a slight increase in average check size.
Darden Restaurants reported a decline in same-store sales for the first time since the pandemic, despite an increase in net sales fueled by the acquisition of Ruth's Chris Steak House and other new restaurant locations. The company's overall same-store sales fell 1% in the quarter, with Olive Garden and other segments reporting declines, while LongHorn Steakhouse saw growth. Darden also updated its fiscal 2024 outlook, narrowing its earnings forecast and lowering its revenue and same-store sales projections.
Chipotle's fourth-quarter earnings and revenue surpassed analysts' expectations, with a 15.4% increase in net sales and a same-store sales rise of 8.4%, driven by a 7.4% growth in restaurant foot traffic. The company's net income rose to $282.1 million, or $10.21 per share, and it plans to open between 285 and 315 new locations in 2024 while forecasting mid-single digit same-store sales growth for the year.
Dollar General is set to report its third-quarter fiscal 2023 results, with investors closely watching same-store sales as a key metric. The company experienced a marginal decrease in same-store sales in the second quarter, attributed to lower average tickets and financial constraints among core customers. Dollar General aims to address these challenges through strategic changes, including accelerated inventory rightsizing and increased labor investment. However, a shift in consumer sentiment towards more conservative spending habits may impact third-quarter comparable sales, which are expected to decline by 2%. The company is focusing on enhancing its supply chain, offering customer-friendly prices, and embracing digitization. Analyst estimates for third-quarter revenues indicate a 1.9% increase, while earnings per share are expected to decline by 48.9% compared to the previous year.