Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 29
Financing

Restaurant sales showed some surprising strength last month

Restaurant and bar sales are up 9.2% over the past year despite a host of challenges, as consumer spending shows little sign of slowing down.

Operations

Pizza Hut makes a play for the late-night crowd

The pizza chain said that thousands of locations are now open until midnight or later as the brand eyes night owls.

The Bottom Line: Consumers continue to spend their money on food and entertainment even as the cost for it soars, and they’re spending less on sporting goods and furniture.

The chicken sandwich chain’s cookbook, “Extra Helpings,” will include recipes for some of its menu items, including coleslaw and chicken salad.

The Bottom Line: What are consumers like right now? Is Ozempic going to ruin the restaurant industry? Can Burger King maintain its momentum? Here’s what we want to know.

The pizza chain is seeing some strong results with its Pepperoni Stuffed Cheesy Bread, its second new product introduction this year. Expect more from the chain.

The Bottom Line: The owner of Papa Murphy’s says that consumers are getting “more demanding,” which is exactly what happens in a market when people are cutting back.

Food away-from-home prices continue rising faster than grocery prices, even as they are more muted from previous years’ increases.

The burger giant’s latest promotion, called the “1 in 8 Initiative,” highlights the percentage of Americans who’ve worked at one of the chain’s locations at some point in their lives.

The pizza chain, which saw another decline in same-store sales, expects sales to improve later this year and into 2024. But profitability is already better.

The Restaurant Group, the U.K. company that owns the Asian concept, is being sold to Apollo Global Management for $623 million.

The CEO of MTY Food Group said customers expect more from their restaurants. But they’re not demanding more discounts yet.

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