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The roll call of shuttered independent restaurants continues to grow


Operator cash flow is up 50% in the past three years after the company shifted away from its value focus. But higher labor and food costs loom.

The requirement, applicable to any restaurant or other company employing at least 26 people, would be retroactive to Jan. 1 and be in effect until at least Sept. 30.

The sandwich shop CEO, who has owned the company since he was 17, led his chain to soaring sales by taking care of franchisees, workers and communities, earning a Restaurant Leader of the Year nomination.

U.S. same-store sales hit a record in 2021, driven in part by price increases and the company’s promotions, including its new loyalty program.