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Same Store Sales

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Papa John’s to shutter about 300 North American restaurants in turnaround
business2 days ago

Papa John’s to shutter about 300 North American restaurants in turnaround

Papa John’s says it will close roughly 300 underperforming North American restaurants by the end of 2027, about 200 of them this year, as part of a turnaround plan following a weak quarter. The closures accompany a roughly 7% cut to its corporate staff and come after a 5.4% drop in North American same-store sales in Q4; CEO Todd Penegor cited a weak consumer backdrop and promotional environment while rivals like Pizza Hut and Domino’s show a mixed picture.

via CNN|
#business#earnings-call#north-america
Wendy's to shutter up to 6% of U.S. locations amid sales slump
business14 days ago

Wendy's to shutter up to 6% of U.S. locations amid sales slump

Wendy's plans to close 5%-6% of its U.S. restaurants (about 28 closed in Q4; remaining cuts expected in H1 2026) after an 11.3% drop in Q4 same-store sales and a 5.2% decline for the year, as it navigates value competition and leadership changes; franchisees may drop breakfast, and the company will roll out new chicken sandwiches and a cheesy bacon cheeseburger later this year.

via Axios|
#business#fast-food-industry#franchisees
Taco Bell fuels Yum Brands as Pizza Hut review begins after mixed Q4 results
business24 days ago

Taco Bell fuels Yum Brands as Pizza Hut review begins after mixed Q4 results

Yum Brands posted mixed Q4 2025 results: adjusted EPS of $1.73 on revenue of $2.51 billion (above revenue expectations but below EPS consensus), and net income of $535 million. Global same-store sales rose 3%, driven by Taco Bell’s 7% jump; KFC up 3% (US +1%, international +3%), while Pizza Hut declined about 1%. Yum said it has begun reviewing strategic options for Pizza Hut and did not share details.

via CNBC|
#business#earnings#pizza-hut
Chipotle Q4 Beat Masks Traffic Declines as 2026 Outlook Turns Flat
business24 days ago

Chipotle Q4 Beat Masks Traffic Declines as 2026 Outlook Turns Flat

Chipotle beat Q4 estimates with $2.98B in revenue and 25c per-share adjusted earnings, but traffic fell 3.2% and same-store sales declined 2.5% for the quarter, contributing to a 2025 full-year SSS decline of 1.7% (the first since 2016). For 2026, management projects flat same-store-sales growth and plans to open 350–370 new restaurants (including 10–15 international). With shares down about 33% over the past year and a ~$51B market value, the company is leaning into menu innovations (like protein cups) and slower price hikes to attract price-conscious and high-income customers, signaling a cautious outlook amid shifting consumer trends.

via CNBC|
#business#chipotle#earnings
Starbucks turns US sales growth corner as turnaround gains traction
business1 month ago

Starbucks turns US sales growth corner as turnaround gains traction

Starbucks reported a 4% rise in US same-store sales for the three months to December—the first increase in two years—as it pursues a 'Back to Starbucks' turnaround. Footfall rose 3% and average spend rose 1%, while revenue climbed 6% to $9.9bn but net profit fell 62% to $293.3m due to higher labour and input costs. The company plans to spend $500m this year to add staff, closed underperforming cafés, and opened a net 128 stores, as it refines its store experience ahead of investor day and reiterates a 3%+ comps target for the year.

via Financial Times|
#business#labor-costs#same-store-sales
Starbucks Turnaround Gains Momentum as Sales Rebound
business1 month ago

Starbucks Turnaround Gains Momentum as Sales Rebound

Starbucks posted a quarterly sales rebound that beat expectations, with U.S. same-store sales up 4% and global revenue up 5% to $9.9 billion, signaling the turnaround is ahead of schedule despite profit dropping more than 60% to $293 million as the company invested in store staffing. The results came as traffic and average spend rose, helped by selective store closures (more than 600) and international strength, particularly China (nearly 7% growth). Starbucks also disclosed a plan to sell up to 60% of its Chinese retail operations to Boyu Capital to form a joint venture operating about 8,000 stores. Shares rose in premarket trading.

via The New York Times|
#business#china#earnings
business1 month ago

Starbucks Q1 FY2026: Revenue Rises as Global Same-Store Sales Climb 4%

Starbucks reported Q1 FY2026 revenue of $9.9B (up 6% YoY) with GAAP EPS of $0.26 and non-GAAP EPS of $0.56; global comparable store sales rose 4% (NA/US +4%, International +5%, China +7%), and it issued FY2026 guidance for at least 3% global/comparable-store growth, non-GAAP EPS of $2.15–$2.40, and 600–650 net new stores. The company also announced a China joint venture with Boyu Capital (Starbucks retains 40%), appointed CTO Anand Varadarajan, plans Investor Day on Jan 29, 2026, and declared a $0.62 per-share dividend.

via Starbucks Investor Relations|
#business#guidance#q1-fy2026-results
Starbucks: traffic rebounds but earnings lag in Q1 2026, China JV on deck
business1 month ago

Starbucks: traffic rebounds but earnings lag in Q1 2026, China JV on deck

Starbucks posted a mixed Q1 2026: revenue rose to $9.92 billion and traffic grew for the first time in two years, with global same-store sales up 4% and traffic up 3%. Adjusted earnings per share were 56 cents, below the 59-cent consensus, while GAAP net income declined due to turnaround costs, higher coffee prices and tariffs. The company forecast fiscal 2026 adjusted EPS of $2.15–$2.40 and at least 3% global/U.S. same-store sales growth, plans 600–650 net new cafes, and announced a China joint venture with Boyu Capital expected to close in Q2 FY26. An investor day in New York will outline longer-term targets.

via CNBC|
#business#china#earnings