Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 81
Financing

Pizza Inn’s owner buys back stock and watches its share price soar

Rave Restaurant Group repurchased shares for the first time in a decade last year as its profitability improved, as did sales at its chains, including Pie Five.

Financing

The Fed sneezes and restaurant stocks get a cold

The Bottom Line: Shares of restaurants were hit hard on Thursday as the Federal Reserve plans more rate hikes. It’s been a tough year for the sector, overall.

The Bottom Line: The U.S. Federal Reserve raised interest rates on Wednesday and signaled more to come. The impact of its actions won’t be spread evenly.

A Deeper Dive: RB editor Peter Romeo joins Jonathan Maze to discuss the continuing unionization push at Starbucks and what’s next on the California wage law.

The Bottom Line: The CFO for the owner of KFC, Pizza Hut, Taco Bell and Habit said the company is “always scanning opportunities.”

The Bottom Line: The difficult operating environment has pushed more operators to adopt technology to boost sales and save on labor. But many of these moves are defensive.

Starbucks had the best week in its history after introducing its fall menu and Dunkin’ had stronger traffic, too.

The two chains both revealed plans to invest $400 million or more into their businesses, joining a list of companies that have put cash behind revitalization plans.

The Bottom Line: FedEx's CEO told CNBC that his company’s numbers “don’t portend well” for the economy. More analysts are also predicting a slower holiday spending season.

The Bottom Line: Sales at restaurants and bars have been outpacing that of retail for much of the year. Prices may be playing a role, but it’s not entirely clear.

The company, which also owns the Tony Sacco’s concept, blamed the impact of the pandemic as well as high labor and food costs.

The Bottom Line: The coffee giant has changed top executives and its operating structure, increased pay and benefits, and promises major new equipment upgrades. Here’s a rundown.

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