Quick_Service

Starbucks plans to give its workers another raise

By Jonathan Maze on Nov. 06, 2023

The coffee giant is giving all its workers at least 3% pay raises next year and will let hourly workers accrue vacation time sooner. Also: barista championships.

Financing

Wendy's convinces franchisees to open more restaurants

By Jonathan Maze on Nov. 03, 2023

The burger chain said its incentive programs are convincing more operators to build locations, an important goal for a company intent on unit growth.

Financing

Burger King keeps closing weaker restaurants

By Jonathan Maze on Nov. 03, 2023

The burger chain is intent on “cleaning” its asset base, closing weaker stores and remodeling others in a key part of its comeback plan.

Financing

Savory Fund invests in a hot chicken chain

By Jonathan Maze on Nov. 02, 2023

The Utah-based private equity firm has taken a stake in the 11-unit Houston TX Hot Chicken.

Financing

Starbucks plans more stores and more technology

By Jonathan Maze on Nov. 02, 2023

The Seattle-based coffee giant believes it has plenty of room to add more stores in the U.S., but it also believes that efficiencies can cut $3 billion in costs over the next three years.

Financing

Taco Bell and KFC International fuel Yum Brands

By Jonathan Maze on Nov. 01, 2023

Same-store sales at Taco Bell rose 8% in the third quarter while sister chain KFC continued to aggressively open new units around the globe.

Premium

Financing

Why remodeled restaurants give McDonald's a big advantage right now

By Jonathan Maze on Oct. 31, 2023

The Bottom Line: The burger giant remodeled just about all its locations between 2017 and 2020. That has given the company a leg up on competitors at a time when financing is simply not that available.

Financing

Digital, marketing and price hikes lift McDonald's sales

By Jonathan Maze on Oct. 30, 2023

The burger giant’s U.S. same-store sales rose 8.1% last quarter and its earnings increased more than expected. The company cited better execution inside its restaurants.

Financing