Steak n Shake
, would have eked out a slight profit in the first quarter if not for $6.7 million in losses incurred by its two investment partnerships. Revenue at Steak n Shake continues to decline as it transitions from corporate-owned stores to franchise partner units.Loss of $298,000, or 98 cents per share, vs. profit of $71.7 million, or $223.29 per share, a year ago..
. to post a wider loss in the three months ended March 31. Revenue was up 35 percent for a seventh straight quarter of revenue increases.Loss of $1.6 million, or 8 cents a share, vs. loss of $720,252, or 4 cents a share, a year ago.: “The new year is off to a great start with 35 percent organic growth and record activity levels across many of our businesses. ... There are many exciting growth opportunities on the horizon.”GRANTS PASS, Ore. — Dutch Bros Inc.
, topped revenue expectations in the first quarter but warned of slower sales growth as inflation keeps younger customers away from the company’s drive-throughs.Revenue:“Our substantial top-line revenue growth of 54 percent was primarily driven by the 107 company-operated shops opened over the past twelve months, a 56 percent increase, including 34 during the first quarter, and same shop sales of 6 percent.