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Minimum wage debate sends restaurant stocks into tailspin
The day after President Obama proposed an increase in the federal minimum wage — from the current $7.25 to $9 — during his State of the Union address, shares of McDonald's fell hard … -
Patxi's Pizza responds to settlement over health care law
Company accounting records show 4-percent surcharge was collected for employee health care costs only.- Alicia Kelso -
NRA's CFO receives award
The National Restaurant Association's Marvin Irby has been named the recipient of the Nonprofit CFO of the Year Award. The award will be presented at a luncheon on Jan. 31, 2013, and honors … -
JPMorgan Chase CEO joins Yum! Brands' board
Yum! Brands Inc. has announced the appointment of Michael J. Cavanagh, 46, to its board of directors. Cavanagh is the co-chief executive officer of JPMorgan Chase & Co.'s Corporate & … -
Upper Crust closes 10 units amidst bankruptcy battle
Boston-based Upper Crust has closed 10 of its 17 restaurants in Massachusetts and Washington, D.C., as is navigates through bankruptcy. According to the Boston Herald, the company is trying to find a … -
GE Capital launches restaurant finance Web tool
GE Capital, Franchise Finance (GEFF) is rolling out a new Web tool, GE SmartChart, to its customers across the U.S. The tool was introduced at this week's Restaurant Finance & Development … -
Papa John's boycott threatened over CEO's Obamacare comments
Founder John Schnatter estimates that the reform law will cost between $5 million and $8 million annually.11 comments- Alicia Kelso -
Round Table refinances senior debt
Round Table Pizza Inc. has completed the refinancing of its senior debt. On Nov. 2, the company entered into a $35 million senior secured credit agreement with Summit Partners, a growth equity firm … -
Villa Enterprises secures $15M to fund acquisitions
Villa Enterprises Management Ltd. Inc. announced that it closed a seven-year, $15 million credit facility with Capital One Bank. Villa and its affiliated companies own, operate and franchise 329 … -
Upper Crust Pizzeria files for bankruptcy protection
Boston-based Upper Crust Pizzeria, which was founded in 2001 and now includes 16 locations, has filed for bankruptcy protection. According to Boston.com, Upper Crust defaulted on a loan issued by TD … -
U.S. restaurant industry outlook: Slow and steady improvement
CIT's managing director says financing continues to open up for restaurant companies.- Alicia Kelso -
Yum! Brands increases dividend by 18 percent
Yum! Brands Inc.'s board of directors approved an 18-percent increase in the company's quarterly dividend. The quarterly cash dividend will increase from 28.5 cents to 33.5 cents per share and will … -
Commentary: How to build customer demand counter-intuitively
By limiting capacity, while maintaining good quality and service, operators can assure that demand remains high.1 comment -
Australian franchisor acquires Crust Gourmet Pizza Bars
Australian retail food brand manager and franchisor Retail Food Group Limited announced its entry into a conditional Sale & Purchase Agreement (SPA) to acquire the Crust Gourmet Pizza Bars brand … -
QSR franchisee lending up 28 percent this year
Lending to franchise businesses decreased by 3.64 percent from June to July following a 5.73 percent increase in June, according to the Franchise Lending Index from the International Franchise … -
Papa John's Obamacare comments create social media firestorm
During Q2 earnings call, CEO claimed Affordable Care Act would cause rise in pizza prices in order to protect shareholders.- Alicia Kelso -
Different approaches taken to navigate rising food costs
Fast casuals have relied on menu price increases, while QSRs shift focus to value proposition.- Valerie Killifer -
Papa John's announces three senior level promotions
Papa John's International Inc. has announced that Tony Thompson has been promoted to chief operating officer and president, PJ Food Service. Thompson, who most recently served as executive vice …
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