Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 103
Financing

Menu price inflation at full-service restaurants hit a record in April

Prices at table-service locations increased 8.7% year over year last month, and food-away-from-home inflation rose 7.2%. But grocery prices increased even more.

Financing

Wendy’s sales grow, but margins take a hit

Company-operated stores’ profits declined on higher costs, but the chain had one of its best years for unit growth in its history.

The revolving sushi chain said a search has started for his replacement.

The company and its franchisees are planning to spend $500 million to reimage the brands’ restaurants in a “long overdue” program.

A Deeper Dive: Terry Walsh, president of Southwest Traders, discusses the driver shortage and other labor issues affecting delivery and how much that is contributing to supply chain inflation.

Despite challenges with omicron, China and Russia’s invasion of the Ukraine, McDonald’s, Burger King, Taco Bell and other brands have seen strong growth in global markets.

The Bottom Line: The different stock price performances between Burger King’s parent company and its largest franchisee provide some lessons for large-scale franchisees.

Shares of restaurant companies have lost nearly a quarter of their value so far this year amid higher interest rates and recession fears. Winners remain few.

The chain’s new “From Wisconsin With Love” ads come along with a 17-city food truck tour with cheese curds and frozen custard.

The coffee giant sent a letter expressing concern that it wasn’t invited to tell its side of the story amid an ongoing battle with labor activists.

The Bottom Line: Pizza chains are struggling to find enough drivers. They are increasingly turning to delivery services, which are not having the same problem.

A plant shutdown due to Avian Flu has led to limits on turkey, leading some to buy it on their own. Ham and roast beef are limited, too, and costs have run higher than expected.

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