Chick-fil-A sold 527 million chicken sandwiches in 2022 and served 2.1 billion customers, according to a year-in-review report from the company, which opened 138 new units last year, including its first in Hawaii and Puerto Rico. The report also addresses Chick-fil-A’s community and employee initiatives, including a program that has awarded about $24 million in scholarships to 12,700 staffers... Taco Bell has introduced Steak Chile Verde Fries to the menu nationwide, featuring jalapeno, lime and herbs served atop Nacho Fries with nacho cheese sauce, a three-cheese blend, reduced-fat sour cream, Fiesta strips and marinated and grilled steak. The new fries are available for $4.49. Taco Bell’s Nacho Fries were initially introduced in 2018 and quickly became the chain’s most successful new product launch ever... Red Robin looks like it’s on the comeback trail. The company yesterday reported Q1 2023 results, including a comp sales increase of 8.6% and comp restaurant traffic growth of 0.6%. Dine-in sales increased 16.4% year-over-year and now represent 74% of sales, while revenues increased by 8.6%. The company also reported that comp restaurant sales for the first 13 weeks of the quarter were up by 10%.
Dollar Tree reported a mixed quarter with sales that topped estimates and earnings that fell short amid elevated shrink and a shift in consumer buying to consumables. The extreme-discounter also reported that it opened 107 new stores, relocated 33 and closed 29 during the quarter. It also expanded its multi-price Plus offering to an additional 408 Dollar Tree stores, and completed 252 Family Dollar store renovation projects. Dollar Tree calls for new store growth of 600 to 650 stores... Crisp & Green continues its national expansion. The healthy-eating, fast-casual restaurant chain will open its first New York City location June 1, in Manhattan’s NoMad neighborhood. The location also marks Crisp & Green’s entry into its 10th state, with 10 additional states scheduled to open before the end of the year. The restaurant brand is slated to reach 65 locations open across 20 states by the end of 2023, with a total of 130 locations open before the end of 2024… Best Buy reported Q1 profit that beat expectations and reaffirmed its full-year outlook even as its sales fell short. CEO Corie Barry said customers are “clearly feeling cautious and making tradeoff decisions” as they continue to deal with high inflation and low consumer confidence due to a number of factors. Comparable sales declined 10.1%... American Eagle Outfitters reported Q1 income and revenue in line with estimates but slashed its full-year forecast. By brand, Aerie’s revenue rose 12% and comp sales increased 2%. American Eagle’s revenue fell 2% and comp sales declined 4%. The teen apparel and accessories retailer reported its results the day after Abercrombie & Fitch raised its outlook after beating estimates on its top and bottom lines.
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