Jonathan Maze

Editor-in-Chief

Articles by
Jonathan Maze

Page 91
Financing

Customers are apparently not cutting back on Starbucks

Record sales among loyalty members, food sales and cold beverages drove the coffee giant’s performance despite high inflation and “self-induced” problems.

Leadership

Church’s Texas Chicken names Joe Guith CEO

The former Focus Brands executive will take the helm of the chicken chain, formerly known simply as Church’s Chicken.

Salad and Go was a relative unknown outside of its core market, until it convinced the head of 1,700-unit Wingstop to become its CEO. Here’s the story behind the potentially revolutionary chain he now leads.

The Bottom Line: The restaurateur steps aside as CEO of Union Square Hospitality Group, having shown that a fulfilled workforce can yield financial success.

The former Five Guys and Dunkin’ executive will be based out of the bubble tea brand’s London headquarters.

The Star Wars actor was once fired for doing impersonations in the drive-thru. He will appear in ads highlighting the return of Jack in the Box’s Spicy Chicken Strips and French Toast Sticks.

Food costs remain historically high. But it’s increasingly looking like they have peaked. And gas prices are coming down, too.

The owner of Mooyah Burger and Cici’s Pizza completed its purchase of the Minnesota-based coffee chain last week. But he was eyeing it long before then.

The Bottom Line: GDP fell for the second straight quarter, which typically signifies a recession. There are some signs of consumer cutbacks in restaurants, but they’re not widespread.

The fast-food burger chain is no longer testing its McPlant burger as analysts speculate that it didn’t go over as well as hoped.

The noodle chain’s profits missed expectations as inflation ate into margins, but company executives believe that commodity prices have peaked.

He said now is the time to take this step, given the high demand for the chain’s restaurants, and suggested that only lower-performing franchisees should be concerned about the changes.

  • Page 91