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Operations

Starbucks plans to give its workers another raise

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

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

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

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

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.

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.

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.

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.

Authentic Restaurant Brands completed its acquisition of the chicken chain. Here’s why the company is keeping its focus local as it takes over.

The chain is giving $1 million worth of free pizzas to people who have to start paying student loans again.

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