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Financing

How your restaurant sales and profits compare to competitors' and what you can do to improve financial performance

Financing

The economy falls into a technical recession

 By Jonathan Maze on Jul. 28, 2022

The Bottom Line: GDP fell for the second straight quarter, which typically signifies a recession. There are some signs of consumer cutbacks in restaurants, but they’re not widespread.

Financing

Webinar: Calling All Black Entrepreneurs: Become a Restaurant Owner Today!

 By National Restaurant Association on Jul. 27, 2022

Join the National Restaurant Association this Thursday at 3 p.m. ET to find out about Pathways to Black Franchise Ownership.

Financing

As room sales rebound, hotel acquisitions soar, a new study finds

By Peter Romeo on Jul. 27, 2022

Occupancy rates are nearly back to 2019 levels, according to the report, but job and hiring levels still have room to go.

Financing

Taco Bell’s COO on its ‘Defy’ drive-thru prototype and the Mexican Pizza

By Jonathan Maze on Jul. 27, 2022

A Deeper Dive: Mike Grams joins the restaurant podcast to discuss how its four-lane drive-thru plays into its development strategy and a wide range of other topics.

Financing

McDonald’s CEO Chris Kempczinski on why the company is changing ownership standards

By Jonathan Maze on Jul. 27, 2022

He said now is the time to take this step, given the high demand for the chain’s restaurants, and suggested that only lower-performing franchisees should be concerned about the changes.

Financing

Restaurants demand the $180M left in the Restaurant Revitalization Fund

By Peter Romeo on Jul. 27, 2022

The National Restaurant Association has called on the Small Business Administration to distribute the aid immediately to restaurants whose aid applications were mothballed.

Financing

McDonald’s value future will be more personalized

By Jonathan Maze on Jul. 26, 2022

The Bottom Line: The burger chain, which thrived during the Great Recession with a Dollar Menu, hopes to get through the next recession with more local and targeted offers.

Financing

McDonald’s sales rise, thanks to digital and price increases

By Jonathan Maze on Jul. 26, 2022

Nearly one-third of sales in the fast-food burger chain’s biggest markets came from digital, while profits were hurt by Russia closures and rising costs for food and labor.

Financing

McDonald’s CEO Chris Kempczinski: Technology is no ‘silver bullet’ for labor

By Jonathan Maze on Jul. 26, 2022

The burger chain’s executive once again dismissed the prospect of robots and other automation for solving the industry’s labor woes, saying the economics “don’t pencil out.”

Financing

The pandemic is over, at least according to McDonald’s customers

By Jonathan Maze on Jul. 26, 2022

The fast-food burger giant saw more normalized use last quarter, as customers make smaller orders and go through the drive-thru less often. Chipotle Mexican Grill is seeing similar trends.

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