Restaurants

These small-cap stocks could make you the most money in 2023, based on two important data points

These small-cap stocks could make you the most money in 2023, based on two important data points

Small-cap stocks are trading near a two-decade low against large-cap stocks. When the stock market rebounds next year, as many investment banking strategists expect, these smaller companies could outperform. Below is a screen of analyst favorite small cap stocks for 2023, taken from the S&P Small Cap 600 SML Index, that requires businesses to be …

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Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

Bertucci files for Chapter 11 bankruptcy, closure of 2 New Hampshire restaurants

WELL, JIMMY, IT’S TRUE, BERTOLUCCI’S AT THE MALL OF NEW HAMPSHIRE IS NOW PERMANENT. LEE CLOSE, THE RESTAURANT’S PARENT COMPANY, BLAMES PANDEMIC INFLATION FOR WHY IT HAD TO FILE BANKRUPTCY. NOW IN THIS FILE BERTUCCI SAYS DUE TO THE COVID 19 PANDEMIC AND THE IMPACT OF INFLATION, SALES HAVE DECLINED WHILE SPENDING. IN 2021, THE …

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Owner of 13 McDonald's restaurants charged with child labor violations

Owner of 13 McDonald’s restaurants charged with child labor violations

The US Department of Labor discovered 101 child labor violations at 13 McDonald’s restaurants in western Pennsylvania. The restaurants are owned by Santonastasso Enterprises of Bridgeville. The Department of Labor said the company paid a fine of $57,332. The government said the franchise owner allowed 14- and 15-year-old employees to work outside authorized hours. Violations …

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Sandra Jauregui, center, a fast-food worker for 14 years, and other workers in the industry rally at the state Capitol in Sacramento on Tuesday, Nov. 15, 2022, demanding that fast-food companies such as McDonald’s, In-N-Out Burger and Chipotle stop seeking to repeal Assembly Bill 257, which creates a government-run labor council for the industry.

California restaurants collect 1 million signatures to challenge new fast food labor law

Sandra Jauregui, center, a fast food worker for 14 years, and other industry workers rally at the State Capitol in Sacramento on Tuesday, Nov. 15, 2022, demanding that fast food companies such as McDonald’s, In- N-Out Burger and Chipotle stop seeking to repeal Assembly Bill 257, which creates a government-run labor council for the industry. …

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People have a 'long social distance' due to COVID-19.  Economists say this contributes to a decline in labor force participation.

People have a ‘long social distance’ due to COVID-19. Economists say this contributes to a decline in labor force participation.

More than two years into the coronavirus pandemic, a desire for social distancing still prevents some people from returning to work. It’s a decision, say medical experts, that everyone should make for themselves, based on their own circumstances. Some economists say, however, that people withdrawing from work due to the pandemic can also impact the …

People have a ‘long social distance’ due to COVID-19. Economists say this contributes to a decline in labor force participation. Read More »

Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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Cameron Mitchell owns 43 restaurants across the United States and said he had to double regular price increases from 3.5% to 7% due to inflation

Inflation hits diners as CEO of 43 restaurants in US says he’s been forced to raise prices

A restaurateur behind 43 restaurants across the United States says he was forced to double price increases on the menu due to inflation. Cameron Mitchell said while prices would normally be increased by 3.5% in any given year, he now had to increase them by up to 7%. Cameron Mitchell Restaurants CEO, 75, says he …

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Fast Casual Restaurants Market Size Expected to Grow by USD 186.27 Billion, Chipotle Mexican Grill Inc. and Godfather's Pizza Inc. Among Key Vendors - Technavio

Fast Casual Restaurants Market Size Expected to Grow by USD 186.27 Billion, Chipotle Mexican Grill Inc. and Godfather’s Pizza Inc. Among Key Vendors – Technavio

NEW YORK, November 10, 2022 /PRNewswire/ — The size of the fast casual restaurant market is expected to grow by $186.27 billion from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 12.41% during the forecast period. The fast casual restaurant market is driven by the demand for …

Fast Casual Restaurants Market Size Expected to Grow by USD 186.27 Billion, Chipotle Mexican Grill Inc. and Godfather’s Pizza Inc. Among Key Vendors – Technavio Read More »