Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 109
Leadership

Papa John’s makes some executive changes

Amanda Clark was promoted to chief international and development officer and Liz Williams is named chief international operations officer for the pizza chain.

Financing

The second frozen yogurt craze continues its long decline

The Bottom Line: Pinkberry and other chains, which were all the rage a decade ago, continue to close locations as operators move on—just like the first frozen yogurt boom.

The burger giant’s total digital sales topped $2 billion in the U.S. last quarter, thanks to its loyalty program and continued growth in delivery. The result has big implications for the business.

The pizza delivery giant is taking a long look at its driver shortage after sales weakened last quarter and says that all options are on the table.

The pizza chain’s same-store sales declined 3.6% in the U.S. in the first quarter while earnings declined amid a number of challenges that executives warned could persist into the future.

Same-store sales rose 3.5% in the U.S. in the first quarter and surged overseas. Yet the Russian invasion of Ukraine cost the company $127 million.

SOC Investment Group wants other shareholders to vote against a pay package for the KFC owner’s top executives, citing one-time awards based on unit count growth.

A Deeper Dive: Restaurant consultant John Gordon joins the podcast to talk about menu price inflation and whether consumers will ultimately push back.

The Bottom Line: A Placer.ai analysis found customers are less willing to drive long distances to visit Sonic or The Cheesecake Factory, suggesting a quiet impact of inflation on dining habits.

The Bottom Line: Companies quickly abandon operations in favor of selling them to franchisees. But keeping some locations can be better in the long run.

Check out the new ad from the chicken chain’s new creative lead agency MullenLowe, “Finger Lickin’ Good.”

He has 35 years of experience working with numerous brands, including Bloomin’ Brands, Wendy’s and Arby’s.

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