Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 116
Financing

Wendy’s starts a recruitment drive for more diverse franchise owners

The burger chain announced the initiative, “Own Your Opportunity,” which includes financing help and new formats that lower the buildout costs.

Financing

Steak n Shake turns a profit and its CEO compares himself to Michelangelo

The burger chain generated a profit for the first time in four years last year thanks to its move to counter service, eliciting Sardar Biglari’s comparison to the Italian sculptor.

The Bottom Line: Operators are raising prices at levels not seen in decades. They say consumers are paying them. But that may only last so long.

The 1,000-unit franchisee’s adjusted EBITDA margin was more than cut in half last quarter thanks to labor and beef cost inflation. It is reducing its 10-piece chicken nuggets to eight.

The chain lost its status as the country’s biggest chicken concept. But eight years of same-store sales growth, new remodels and an improved outlook has the company looking forward.

Brands are setting records for development and newer franchisors are selling agreements like crazy. But there are risks to all this growth, for both the company and the operators.

The chain’s new premium products helped sales take off last year. But the company also said they helped it overcome inflationary concerns.

Oil and corn prices soared, leading to inflationary concerns. But stocks had a roller-coaster day. And operators don’t fear more supply disruptions, at least yet.

The quick-service burger chain shrunk last quarter. But it has more commitments for new units from franchisees than at any time in its history.

The brand’s first new c-level executive in a decade comes from Tim Hortons and will oversee operations and technology

The Bottom Line: The company’s sales announcement this week provided an incomplete picture of its performance. But that doesn’t mean we can’t draw some conclusions.

A Deeper Dive: Michael Osanloo, CEO of the hot dog and Italian beef chain, joins the podcast to discuss labor, the chain’s drive-thru-only plans and keeping the focus on the long term.

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