Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 71
Leadership

Tim Mullany resigns as Jack in the Box CFO

The fast-food operator, which also operates Del Taco, named Dawn Hooper its principal financial officer.

Financing

A New York college student shines a light on fast food prices

The Bottom Line: Fast Food Index shows prices at McDonald’s, Chick-fil-A, Taco Bell and Chipotle by ZIP code. It shows a wide range of prices for the same product.

The burger giant began listening to its customers and applied what they said to its marketing ideas. The result has been a series of big wins that made the brand cool again.

Dirk Montgomery, who has been CFO since 2019, will step in immediately as interim CEO of Fiesta Restaurant Group.

He comes to the doughnut chain from Mars Inc., where he was CFO of Mars Wrigley North America.

Starbucks Odyssey, a major expansion of the company’s Rewards program into the metaverse, enables customers to collect NFTs and points through interactive activities.

The $207 million deal is the latest in a string of acquisitions by the Canadian owner of Pinkberry and Papa Murphy’s, giving the company a major U.S. presence.

The Bottom Line: Consumer spending continues to grow this holiday season, but it’s slowing, and businesses are more cautious, large banks told investors this week.

The eatertainment chain operator’s stock fell 7% after saying sales slowed down so far this quarter.

A Deeper Dive: Gary Occhiogrosso, founder of Franchise Growth Solutions, joins the podcast this week to talk about franchising.

Margins are thinning and lending is tightening. But franchise brands continue to push growth, and many are finding success recruiting new operators.

The Bottom Line: The coffee chain’s parent company still believes the brand can work south of the Canadian border, but it first had to change.

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