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Operations

In memoriam: Temporary restaurant closures become permanent for independents amid the coronavirus crisis

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The owner of KFC, Taco Bell, Pizza Hut and Habit accelerated development in the third quarter and said it has a shot at breaking an industry record for new openings this year.

The slowdown comes as the fast casual posted record average unit volumes and 16.3% same-store sales growth for its third quarter.

Baristas with at least two years of experience will get a raise in January as the chain pushes pay higher and vows more training and referral bonuses.

The fast casual, which submitted its go-public plans this week, said it is having trouble getting workers to submit proof of vaccination, which could lead to layoffs, staffing shortages and potential restaurant closures.