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A number of restaurant stocks declined in Tuesday's morning session, pressured by a report showing a nationwide contraction in dining foot traffic.
Growth in fast casual has been scarce enough lately that any chain posting positive traffic gets attention. CAVA and Chipotle both did it in the first half of 2026 but their growth came via different avenues as they are in different stages of their businesses. CAVA is attracting new customers while Chipotle is getting more […]
Shares plunged 10% after reports tied a food-safety issue to produce at multiple locations, on Aug. 4, 2026.
18 That's the number of U.S. IPOs of restaurants since 2017, including Sweetgreen, Cava Group and Krispy Kreme, according to Dealogic. Cava’s shares have at times outperformed the S&P 500 since its offering, while those of Sweetgreen and Krispy Kreme have declined.
The sandwich chain is going public on Thursday. It will test the appetite of investors after blockbuster debuts like Elon Musk’s SpaceX.
Private equity backer Blackstone is betting on the sandwich chain, but high-profile listings have delivered mixed results for everyday investors this year.
Jersey Mike's profits shot up last year, though the sandwich chain said that sales growth has been mixed in recent months as it gears up for a potential public offering this year. The New Jersey-based sub sandwich maker said Thursday in its initial registration filing that net income jumped to $55 million in its 2025 fiscal year, up from $5 million the year before, due to more royalties and lower founder-related discretionary expenses. New marketing and a chicken salad offering have helped in June, the chain said.
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