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Financing

For McDonald's, closing its Russia restaurants will be costly

The burger chain estimates that its decision to temporarily close its operations in the country will cost $50 million per month. The move spurred an exodus from one of the restaurant industry’s biggest global growth markets.

Financing

Wall Street hits casual dining stocks hard

The Bottom Line: Monday was a bad day for full-service restaurant valuations. But no industry sector escaped investors’ ire. There may be real reason for concern.

Despite the lifting of mask and vaccine mandates in many places, some operators say they’re sticking with their COVID-cautious practices—at least for now.

The Bottom Line: Restaurant industry job creation has been steady and largely shrugged off two recent surges. And there are signs people are coming back to work.

The sandwich chain is one of only a few brands whose delivered food is rated higher by customers than what's served on premise.

The 37-year industry veteran intends to address the labor shortage and other chronic issues as he contends with immediate emergencies. And that's while fulfilling his day job as Golden Corral CEO.

The Bottom Line: With sales slowing and drivers hard to find, the pizza delivery chain is turning to a pair of executives in Russell Weiner and David Brandon who played key roles in its historic turnaround.

Reality Check: The public had issues with the pizza. But the withering criticism was aimed at an incoming exec who's now been named executive chairman.

Two-thirds of Americans play video games. Chains like Chipotle and Wingstop are starting to cater directly to them, opening another front for restaurant marketing.

Woven into his comments on America's challenges at home and abroad were a few tidbits with special meaning for the foodservice industry. Here's a rundown.

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