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Financing

Starbucks' new CEO sees opportunities for improved productivity

 By Jonathan Maze on May 03, 2023

Laxman Narasimhan, who took over the Seattle-based coffee giant in March, believes the company can optimize its purchasing. “1,500 cup-and-lid combinations.”

Operations

McDonald's franchisees fined $200k over child labor violations

 By Jonathan Maze on May 03, 2023

The U.S. Department of Labor fined the three operators for violations involving more than 300 minors, including two children of a manager who were 10 years old.

Financing

Burger King's sales rebounded last quarter

By Jonathan Maze on May 02, 2023

The struggling burger chain’s same-store sales increased 8.7% in the U.S. as its marketing efforts take hold.

Operations

Taco Bell wants to make its beef more sustainable

By Reyna Estrada on May 02, 2023

The taco chain is teaming up with Cargill and the National Fish and Wildlife Foundation to support ranchers' regenerative farming efforts.

Workforce

More than 10,000 fast-food workers are homeless in California, report says

By Lisa Jennings on May 02, 2023

But the research was underwritten by the SEIU, which also backed the controversial Fast Act bill. Industry reps say the data has "zero credibility."

Food

Pizza Hut is bringing cheesesteak to the menu

By Patricia Cobe on May 01, 2023

Sirloin steak is a new option for the chain’s pizza and handheld Melts for a limited time.

Financing

Here's how many restaurants Subway closed last year

By Jonathan Maze on May 01, 2023

The fast-food sandwich giant slowed its rate of closures in 2022 but still shuttered 571 U.S. restaurants. It has the lowest number of restaurants since 2005.

Financing

Higher prices and more innovation helped Domino's sales improve

By Jonathan Maze on Apr. 27, 2023

The pizza chain’s same-store sales rose 3.6% in the U.S. and its profits improved, sending the company’s stock higher. But the stock quickly turned south later in the morning.

Financing

Krystal is merging with Logan's Roadhouse owner SPB Hospitality

By Jonathan Maze on Apr. 27, 2023

The multi-concept operator, which emerged from the ashes of Craftworks Holdings, is taking in its first fast-food chain in Krystal. Both companies are owned by the private equity firm Fortress Investment Group.

Food

Papa Johns takes a page from Taco Bell with launch of the Doritos Cool Ranch Papadia

By Patricia Cobe on Apr. 26, 2023

The pizza chain collaborated with mega-snack company Frito-Lay on a cool flavor extension for its signature Papadia.

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