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Tracking the same-store sales of 24 major restaurant chains
Q3 2025 saw more evidence of a casual dining resurgence, as fast casual sales continued to slow and QSRs posted divergent results.
Updated Dec. 1, 2025 -
Hispanolistic via Getty Images
Sponsored by OracleFrom data fog to clarity: How a unified POS clears the air for restaurant growth
Discover how a unified POS turns scattered data into real-time insights that boost revenue, efficiency and smarter decisions.
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Courtesy of Sweetgreen
Sweetgreen may change its pricing after disaster quarter
The salad chain suffered the worst quarter among major fast casual restaurants. It is now rethinking everything from core prices to its menu’s emphasis on bowls.
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Courtesy of Burger King
Buns, bots and ad-buys: Burger King talks strategy at RBI investor day
The years-long Reclaim the Flame program will continue with a renewed emphasis on core menu food quality and accelerated refranchising.
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Courtesy of Papa Johns
Papa Johns will close 300 restaurants
As part of its transformation, the chain will close units that are over 10 years old with AUVs under $600,000 and has already cut 7% of its corporate staff.
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Justin Sullivan via Getty Images
What’s at stake in Jack in the Box’s board battle with Biglari?
If the activist investor prevents David Goebel’s re-election as chair, the board could still reappoint him, likely starting a long and expensive board battle.
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Courtesy of IHOP
IHOP promotes pancakes with low-tech aesthetics, experiential play
In a tie-up with musician Mr. Fantasy, the chain is plastering high-traffic areas with old-school flyers reminiscent of the early internet.
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Courtesy of Panera Bread
Panera debuts Mix & Match value menu
Two years after introducing its Value Duets, the chain now offers 10 items for $4.99 as part of a strategy to improve its value proposition.
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Scott Olson / Staff via Getty Images
Outback posts first traffic growth in 5 years
New steaks improved guest satisfaction, and fresh investments in facilities, labor and marketing could help build the brand’s transaction momentum.
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JillianCain via Getty Images
McDonald’s launches supersized Big Arch Burger in US
The limited-time offer is part of the chain’s strategy to help drive sales and traffic by boosting food quality.
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Courtesy of Cava
Cava hits $1B in sales, but traffic growth slows
The chain will work to boost visits with menu innovation and other initiatives, CFO Tricia Tolivar said, as the fast casual category fights off headwinds.
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Permission granted by First Watch
First Watch CFO to retire
Mel Hope led the breakfast chain’s fiscal operations through a pandemic, an IPO and high inflation. His successor faces a strained consumer environment.
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M. Suhail via Getty Images
Sonic sells 78 restaurants to KBP
The franchisee nearly doubles its Sonic unit count with its second acquisition of restaurants from the QSR chain.
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Wirestock via Getty Images
‘This is not personal. It’s business’: Why an expert says the clock is ticking for Fat Brands’ CEO
Andrew Wiederhorn’s days as CEO could be numbered if creditors successfully argue conflict of interests exist, bankruptcy expert Jerrold Bregman said.
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Permission granted by Del Taco
Del Taco operator closes all Georgia locations
Matadoor Restaurant Group closed 14 restaurants in the state months after filing for Chapter 11, but Del Taco says it is looking for options to reopen them.
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Brandon Bell via Getty Images
Domino’s loyalty program fuels carryout growth
“We stated before that our objectives with the loyalty program was definitely to cater much more to the carryout customer and also to attract light users,” CEO Russell Weiner said.
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Retrieved from Couche-Tard.
Inside the 18-month reset reviving Couche-Tard’s US food business
After a hot start in 2020, Circle K’s Fresh Food, Fast program slowed. Executives are now fine-tuning the offering through operational improvements and menu updates to spark new growth.
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Courtesy of Domino's
Domino’s wants to double its market share
CEO Russel Weiner thinks the chain can capture half of the QSR pizza market at the expense of Pizza Hut and Papa Johns.
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Courtesy of Subway
Subway to remove free footlong offer from Sub Club
On April 1, the company will allow members to earn a $2 reward for every 400 points accumulated.
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Courtesy of Topgolf
Topgolf hires David McKillips as CEO
McKillips, former president and CEO of Chuck E. Cheese’s parent, will focus on the chain’s growth strategy now that it has been spun off from Callaway.
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Permission granted by Toast
Toast courts fast food restaurants
The company is entering the drive-thru business in a bid to attract more of the quick-service sector to its customer rolls.
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Stephen Maturen via Getty Images
NRA: Tariffs, immigration and swipe fees will define restaurant politics in 2026
The National Restaurant Association said restaurants need stable trade policy, protections for immigrant workers and lower swipe fees.
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Courtesy of Wendy's
Wendy’s is ‘undervalued’ and could face takeover by Nelson Peltz
The former Wendy’s board chair is considering taking action at the chain, where stock prices have fallen 60% over the past five years.
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Justin Sullivan via Getty Images
Why Jack in the Box bets parking lot paint can cure sales
The chain hopes improvements to product quality and restaurant cosmetics will reverse sliding same-store sales and help prepare for a full remodel program.
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Courtesy of Wingstop
How Wingstop plans to weather traffic slides and winter storms
The company expects investments in speed of service and in loyalty systems will reverse a third quarter of comparable sales declines.
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Laser1987 via Getty Images
Fat Brands sued by lender over cash use during bankruptcy
352 Capital contests Fat’s plan to use management fees and other cash under securitization receivables to fund operations during Chapter 11 proceedings.
