Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 64
Leadership

Papa Johns COO steps down

Max Wetzel, who has worked with the company since 2019, is leaving to take a CEO position “at another company.”

Financing

Cash flow decline at McDonald's restaurants shows the impact of inflation

The Bottom Line: High food costs and more discounts led to profit declines at the fast-food chain’s restaurants. Now imagine what would have happened if its sales weren’t thriving.

The fast-food chicken-sandwich chain is jumping on the plant-based bandwagon with a cauliflower version of its most popular menu item.

The owner of Taco Bell, KFC, Pizza Hut and Habit has opened a new restaurant every hour over the past two years, despite challenges in its two biggest markets.

The Bottom Line: There is a sense that low-income consumers are changing their spending at fast-food restaurants and focusing more on value. But the impact appears limited, at least so far.

A Deeper Dive: RB Menu Trends Columnist Nancy Kruse joins Jonathan Maze on the podcast to discuss why plant-based meats haven't quite fulfilled their sales promise.

Same-store sales at the Mexican fast-food restaurant chain rose 11% in the fourth quarter. The company sold 45 million Mexican Pizzas last year. And breakfast improved following new ads featuring the comedian.

Operators say their profits are down, despite strong sales, due to soaring food costs and discounts on the mobile app. That, plus tough new standards and more frequent inspections, are contributing to an environment some call “toxic.”

The Bottom Line: Cava Group is planning an initial public offering and other restaurant companies could follow suit, so long as the market doesn't run off the rails again.

The fast-casual chain, which operates Cava Grill and Zoe's Kitchen, has confidentially filed SEC documents for an initial public offering.

Restrictions and a COVID surge in December hammered sales in the Seattle-based coffee chain's second-biggest market. But Starbucks still has big plans for the country.

The Seattle-based coffee chain’s average weekly sales hit a record last quarter as people came in more often and spent more money when they did.

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