By Exec Edge Editorial Staff Sovos Brands, Inc. (Nasdaq: SOVO) said first-quarter sales rose 20.4%, driven by strong Rao’s revenue, leading it to raise full-year guidance. “Sovos Brands delivered another exceptional quarter, with 27% volume-led organic net sales growth and...

By Exec Edge Editorial Staff Olo Inc. (NYSE: OLO) said revenue surged in the first quarter on average revenue per unit growth. Total revenue for the open SaaS platform for restaurants was $52.2 million in the quarter, a 22 percent...

By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 30% rise in first quarter sales and reiterated its full-year guidance. Joth Ricci, Chief Executive Officer of Dutch Bros, stated, “We also saw meaningful margin expansion,...

  By Exec Edge Editorial Staff The One Group Hospitality, Inc. (Nasdaq: STKS) posted an 11% rise in first-quarter revenue, thanks to new openings and higher same-store sales. “We are pleased with our first quarter results which include double-digit top-line...

By Exec Edge Editorial Staff Santa Monica-based medical apparel maker FIGS, Inc. (NYSE: FIGS) posted a 9% rise in first-quarter revenue, leading its shares to surge 6% in after-hours trade Thursday. “Our first quarter performance was better than expected and...

  By Exec Edge Editorial Staff Potbelly Corp. (NASDAQ: PBPB) reported comparable sales for the first quarter of +22.2% vs. +24.4% year over year. The sandwich chain has opened 30 new shop agreements this year, signaling momentum in its Franchise...

By Exec Edge Editorial Staff Chicago-style fast-casual chain Portillo’s (Nasdaq: PTLO) said revenue rose 16%  to $156.1 million in the first quarter. Portillo’s will open nine new restaurants in 2023, with an emphasis on the Sun Belt, it said. The chain opened...

By Exec Edge Editorial Staff Solo Brands, Inc. (NYSE: DTC) shares rose 2% in premarket trading Thursday after the lifestyle outdoor products company posted a rise in revenue reaffirmed its full-year guidance. The company said net sales increased 7.3% to...

  By Healthcare Edge Editorial Staff Eterna Therapeutics Inc. (Nasdaq: ERNA) said it has acquired Exacis Biotherapeutics’ global immuno-oncology platform, which includes their pipeline of engineered cell therapy programs for hematologic and solid tumors. The acquisition gives Eterna an exclusive global license...

By Exec Edge Editorial Staff First Watch Restaurant Group, Inc. (Nasdaq: FWRG) shares rose 3 percent after the company raised guidance for 2023. The daytime dining chain raised its 2023 adjusted EBITDA guidance, projecting total revenue growth of 16% to...