Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 90
Leadership

Chad Gretzema named Del Taco brand president

John Cappasola has stepped down as the chain’s chief executive following its sale to Jack in the Box.

Financing

Restaurant hiring picked up in July

The industry added 74,100 jobs, its best rate in months. But the number of employees remains short of pre-pandemic levels.

The fundraise will help the multi-channel ready-to-eat concept to expand into more locations in California and New York.

The Hawaii-based concept hopes to take its unique taro donuts to California. It just completed a $9 million investment round featuring investors like Tony Hawk and chef Christopher Kostow.

The Bottom Line: While the two chains and their revitalization plans are different, the Canadian coffee brand’s strong second-quarter results give its sister brand hope of a comeback in its U.S. market.

The company’s sales increased last quarter despite weakening demand. But its food costs rose 18% and corporate store margins took a big hit.

Brand operator Restaurant Brands International now gets a third of its sales through digital channels. Sales at Burger King and Popeyes also improve in the U.S.

The agency is looking at ways it can release the remaining Restaurant Revitalization Fund dollars, but there are hurdles it must cross, and it would help just a fraction of those waiting for assistance.

The Bottom Line: Howard Schultz, the interim CEO, says the company has narrowed its search for his successor. And all are on board with the broad-based changes in operations he plans to reveal next month.

A Deeper Dive: The new chief executive of Salad and Go explains his job change and explains why the drive-thru salad chain could become the next big thing.

Wide-ranging new research from the National Restaurant Association highlights gaps between companies’ diversity efforts and employees’ perception of them. That includes companies’ own reporting of the makeup of its workforce.

The Mexican fast-food chain’s same-store sales rose 8% last quarter. But sister chains KFC and Pizza Hut did not fare nearly as well.

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