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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 5
Financing

Papa John’s plans to open as many as 1,800 more stores by 2025

The pizza chain, whose sales continue to outperform its rivals, is raising its development outlook as operators speed up unit growth.

Financing

With costs soaring, Chili’s turns to a new menu, service model and robots

Parent company Brinker’s stock price plunged Wednesday as costs increase and margins thin despite higher prices. The company is looking at ways to improve efficiency.

The pizza chain’s sales fell, much like Domino’s, because of the driver shortage. But the company says operators that have used aggregators are seeing sales benefits.

The Bottom Line: The interim CEO suggested the company is already talking to candidates and said there is plenty of interest in the job. The position provides an opportunity rare in the restaurant business, but it comes with its own challenges.

A Deeper Dive: Jason McGowan, the founder of the fast-growing cookie chain, joins the podcast to talk about the company’s history and how it has so quickly become a massive hit.

The pizza chain’s domestic same-store sales fell 6% and executives blamed a shortage of delivery drivers. Taco Bell and KFC sales both increased.

The company says it is making another $200 million in investments, including improvements to productivity and wages, but Interim CEO Howard Schultz says the company legally can’t provide them to union locations.

The coffee chain believes it has considerable potential selling food in the afternoons. But it is also pushing more espresso and cold beverages and, naturally, drive-thrus.

The Bottom Line: The burger chain says its gap to competitors narrowed last quarter and said digital sales are picking up. But rising costs are still causing financial problems for operators.

Tim Hortons’ Canada sales surge, Popeyes declined and Firehouse Subs beat difficult comparisons.

The Dirty Soda concept is expanding into Texas and Las Vegas. But it is eyeing franchising and even more growth in the future. “I think Swig should be in every town.”

The Bottom Line: Tucked in the company’s earnings are signs that some consumers are cutting back. The burger giant’s executives believe they need to have some value to keep them coming.

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