Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 72
Financing

Taco Bell wants to be more like McDonald’s

The Mexican fast-food chain’s plans to grow beyond its “cult” status could include permanent fries, more chicken, more ice cream and perhaps energy drinks. And it’s using the burger giant as its inspiration.

Financing

Get ready to see a lot more Taco Bell, KFC and Pizza Hut restaurants

Yum Brands says it has enough global white space to add at least 100,000 more units in all four of its brands, including Habit Burger.

The Consumer Price Index declined in November, but restaurant menu prices continued to increase.

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

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.

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