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Financing

California's new fast-food law will hit Habit Burger hard

 By Jonathan Maze on Nov. 01, 2023

Parent company Yum Brands said the chain’s operating loss will be $10 million in the fourth quarter, which it blamed on anticipated impacts of legislation that will raise wage rates next year.

Operations

Panera Bread cuts 17% of corporate staff in preparation for planned IPO

 By Lisa Jennings on Nov. 01, 2023

The fast-casual chain is streamlining operations as its parent company plans to go public. This is the latest step.

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.

Operations

Facing headwinds, consumers turn to Wingstop chicken sandwiches

By Lisa Jennings on Nov. 01, 2023

A year after debuting 12 flavors of chicken sandwiches, the fast-casual chain is winning new customers who spend more and keep coming back.

Leadership

Scooter's Coffee names Joe Thornton CEO

By Jonathan Maze on Nov. 01, 2023

The chain’s president will take over at the drive-thru coffee chain for the retiring Todd Graeve on Jan. 1.

Operations

As sales slide, Applebee's touts value and menu innovation

By Joe Guszkowski on Nov. 01, 2023

The chain says promotions like $1 margaritas are working, but it's looking to do more on the permanent menu too.

Operations

Federal regulators are investigating Boston Market

By Jonathan Maze on Nov. 01, 2023

The U.S. Department of Labor says it is investigating wage-and-hour complaints against the troubled fast-casual chain.

Operations

Chicken tenders and commercials drive sales at Chili's

By Joe Guszkowski on Nov. 01, 2023

The chain’s year-over-year traffic turned positive in October, a sign that its turnaround efforts are working. Now the challenge is sustaining it.

Financing

First Watch shifts its growth engine into high gear

By Jonathan Maze on Nov. 01, 2023

The breakfast-and-lunch chain recently opened its 500th location and has many others under development as it works to expand its presence.

Leadership

TGI Fridays names new CEO for second time this year

By Joe Guszkowski on Oct. 31, 2023

Longtime board member Weldon Spangler will take over after Brandon Coleman resigned for personal reasons.

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