restaurants

New On The Block Bahama Breeze may soon be gone with the wind. Darden Restaurants (NYSE:DRI) is considering selling the Caribbean-inspired chain or repurposing all its locations. The decision comes after Darden closed 15 Bahama Breeze restaurants in May, leaving just 28. Guru Focus reported that...

The Senate has passed a bill aimed at removing federal taxes on tips, marking a key victory for President Donald Trump and his administration’s agenda. What Happened: The Senate approved a bill on Tuesday that aims to remove federal taxes on tips, as reported by The Hill. This...

Mediterranean fast-casual chain CAVA Group Inc. (NYSE:CAVA) is confidently progressing towards its ambitious goal of operating 1,000 restaurants by 2032, the company announced during its first-quarter 2025 earnings call. What Happened: Despite broader economic uncertainties and potential headwinds...

Wendy’s Co (NASDAQ:WEN) reported a first-quarter 2025 sales decline of 2.1% year-on-year to $523.47 million, missing the analyst consensus estimate of $525.41 million. The decrease in total revenues resulted primarily from lower company-operated restaurant sales, lower advertising funds...

Stephens analyst Jim Salera reiterated the Overweight rating on The Cheesecake Factory Incorporated (NASDAQ:CAKE), with a price forecast of $60. On Wednesday, the company reported first-quarter revenues of $927.2 million, up from $891.2 million in the year-ago period. Salera highlighted that the...

Yum China Holdings, Inc (NYSE:YUMC) shares are trading lower Wednesday after the first-quarter 2025 earnings. The company reported first-quarter revenue growth of 1% year-on-year to $2.98 billion, missing the analyst consensus estimate of $3.09 billion. In addition: Total system sales rose 2% year...

Domino’s Pizza, Inc. (NASDAQ:DPZ) will release earnings results for the first quarter, before the opening bell on Monday, April 28. Analysts expect the Ann Arbor, Michigan-based company to report quarterly earnings at $4.05 per share. That’s an increase from $3.58 per share in the year-...

Chipotle Mexican Grill Inc (NYSE:CMG) reported first-quarter FY25 earnings on Wednesday after market close. The following are the comments from two different analysts on the fast-casual restaurant chain’s performance: Goldman Sachs analyst Christine Cho reiterated a Buy rating on the shares...

Chipotle Mexican Grill (NYSE:CMG) has long been a hot favorite in burrito bowls and ETF portfolios. However, with analysts tempering their expectations and the stock losing 18.3% year to date, ETFs that were once feasting on Chipotle might now be excusing themselves from the table. Who’s Got...

The Wendy's Co (NASDAQ:WEN) shares are trading lower after the company reported third-quarter 2024 revenue growth of  2.9% year-over-year to $566.7 million, beating the analyst consensus estimate of $560.75 million. Adjusted revenues increased 0.5%...

Restaurant company Wendy's Co (NASDAQ:WEN) may have a secret weapon up its sleeve in the battle of fast food restaurants as the industry competes to win customers. What Happened: While most restaurants are focused on value menu offerings, Wendy's is turning its attention to a collaboration with one...

Artificial intelligence (AI) is revolutionizing the restaurant industry. The burgeoning sub-sector of the tech industry is bringing new, and personalized, customer experiences to restaurants in a once unimaginable way. From the back of the house to the front, AI is transforming operations, and...

Despite an earnings miss reported on Feb. 7, YUM! Brands (NYSE:YUM) — the owner of KFC (Kentucky Fried Chicken), Pizza Hut, Taco Bell, and The Habit Burger Grill — is gaining investor confidence. The fast-food conglomerate is known for operating several well-known restaurant chains. Its stock has...

Richard Gonzmart, the owner of a 117-year-old Florida restaurant chain called Family of Restaurants, had to let go of undocumented employees following a $500,000 fine, Business Insider reports. Talking to The Miami Herald, Gonzmart expressed concerns to about DeSantis’ aggressive stance on...

Cava Group (NYSE:CAVA), a D.C.-based fast-casual Mediterranean chain, made its mark on the New York Stock Exchange Thursday. Shares soared from a pre-IPO price of $22 to $44.50 at the time of writing — a gain of 102.27%. Given Cava’s float of 111.39 million shares, multiplied by its share...