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Financing

Jack in the Box targets more unit growth, even as franchisees close locations

The company has a new franchise sales effort and is opening in REEF Kitchens, but it allowed operators to close underperforming locations last quarter.

Marketing

Chick-fil-A is planning a virtual concept that could sell wings and burgers

The chain revealed a virtual brand, “Little Blue Menu,” set to start in Atlanta and Nashville, but it has also trademarked names for a wing and a burger concept as well as an online grocer.

The company is limiting dipping sauces to one per customer at many locations as supply chain disruptions hit the chicken chain.

The chain’s sales “significantly exceeded” expectations in the first quarter as morning sales did well, but customers came in the rest of the day, too.

The Chicago-based burger giant is giving workers a 10% raise and is boosting its starting wage to $11 to $17 an hour amid an unprecedented shortage of labor.

A group of operators is asking the company’s shareholders to cut its franchise fees to 4.5% from 8%. Its royalties are higher than other sandwich chains.

The burger giant is working with the Biden administration to raise vaccine awareness, including “We Can Do This” campaign ads on the company’s Times Square billboard.

The burger chain, which avoided bankruptcy after its parent company repaid its debt, saw revenues decline while many stores remain closed.

CtW Investment Group, California Public Employees Retirement System and others argue the company let Steve Easterbrook walk away with millions even as its former chief people officer was fired.

The chain now expects to match last year’s numbers despite tough comparisons, while unit growth in the pizza chain accelerates.

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