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Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 54
Financing

McDonald's reorganization is costing the company $180M

The Chicago-based burger giant is spending the funds on severance payments to laid-off workers and leases for closed field offices. Its sales also surged in the first quarter.

Financing

Some of the pandemic's biggest winners came back to earth in 2022

The Bottom Line: Sonic, pizza delivery chains and bone-in chicken concepts—outside of Wingstop, that is—saw sales slow down last year. Here’s what happened.

Financing

McDonald's franchisee group asks for a meeting with leadership

The National Owners Association, an independent group of the fast-food chain’s operators, says it is against new joint employer rules and wants a meeting with the company’s U.S. president.

Financing

Subway says it has started the year off strongly

The fast-food sandwich chain, which is on the market, says its same-store sales increased 11.7% in North America in the first quarter.

Financing

Subway is another example of poor succession planning

The Bottom Line: CEO John Chidsey admitted that company founder Fred DeLuca “whiffed” on a succession plan before his death in 2015, which led to years of stagnation.

Leadership

KFC names Jonathan Ojany U.S. CFO

The former Coca-Cola executive will oversee financial strategies for the chicken chain’s domestic market.

Financing

McDonald's goes to battle over 'joint employer' rules—with its franchisees

Two different groups of franchisees issued warring statements on their views of joint employer regulations as the dispute intensifies between the burger franchise and an independent group of owners.

Financing

Waiting for the second economic shoe to drop

The Bottom Line: After a year of brutal inflation, operators worry that consumers will change their spending. But data at the moment remains inconclusive.

Financing

How Smashburger is rethinking the drive-thru

A Deeper Dive: Carl Bachmann, the brand’s president, joins the podcast to discuss the company’s growth plans and its decision to shift to its mobile-order “virtual” drive-thrus.

Food

McDonald's is testing Cold Brew coffee and serving Big Mac Sauce Dip Cups

The fast-food giant is offering two versions of Cold Brew in Southern California. It will also start to sell Big Mac Sauce Dip Cups for a limited time starting April 27.

Leadership

Mark King goes off-script at Taco Bell

The Mexican fast-food chain was doing pretty well when King took over as CEO in 2019, even though he had no experience in restaurants or franchising. Then, the 2023 Restaurant Business Restaurant Leader of the Year pushed the company to do even better.

Leadership

Taco Bell CEO Mark King is the 2023 Restaurant Leader of the Year

The Mexican fast-food chain thrived under his leadership in 2022, thanks to some big marketing wins and the concept of “restless creativity.”

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