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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

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Financing

Patrick Doyle believes Restaurant Brands International is undervalued

The Bottom Line: The executive chairman of the owner of Burger King, Tim Hortons, Popeyes and Firehouse Subs made the case to investors as the company gets back to franchising.

Financing

The problem with the pizza market

The Bottom Line: This week’s edition of the weekly restaurant finance newsletter examines the weakness of the fast-food pizza market, as both Papa Johns and Pizza Hut have challenges.

Financing

A smaller Steak n Shake finds its footing

The burger chain has transformed its business model and started marketing to the MAGA crowd with a quality message. But it closed more stores, and the chain’s franchisees are apparently struggling.

Financing

Fat Brands says that bond investors knew what they were getting into

In a court filing, the bankrupt restaurant chain operator argues that lenders either knew about controversial actions by CEO Andy Wiederhorn before they invested, or such actions were disclosed.

Financing

Want more sales? Just add cheese

The Week in Restaurants: This week’s episode of the restaurant news discussion podcast examines Applebee’s cheese-fueled sales growth, Burger King’s Whopper improvements and the pizza sector.

Financing

Burger King's store-level profitability runs into a beef cost wall

The Bottom Line: The fast-food chain has been improving per-store profitability in recent years as it works to solidify its performance. But beef prices had something to say about that.

Financing

Krispy Kreme starts showing some progress on profits

The doughnut chain’s stock soared on Thursday after the company said that its profit margins improved as the company’s shift to more franchising, and fewer logistics, starts taking hold.

Financing

Papa Johns is closing 300 restaurants and cutting staff

The pizza chain’s North America same-store sales have fallen for seven of the past eight quarters. It is cutting 7% of its workforce while closing underperforming restaurants and eliminating menu items.

Food

Burger King is making improvements to the Whopper

The fast-food chain, which just hired the former head chef of Popeyes, is improving the Whopper for the first time in a decade. It is the first in a series of improvements to the menu slated for this year.

Marketing

Schlotzsky's is going back to the Deli

The fast-casual sandwich chain is changing its name again, returning to the Schlotzsky’s Deli moniker to remind customers what it’s all about. “I thought you were a dry cleaner.”

Financing

Restaurant executives expect another choppy environment in 2026

The Bottom Line: On earnings calls, industry chief executives expressed caution about the state of the economy this year, even as they were bullish about their own plans.

Financing

Five Guys is making some changes

A Deeper Dive: Molly Catalano, chief marketing officer for the fast-casual burger chain, joins the restaurant finance podcast to discuss the chain’s evolution and its push into catering.

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