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Log In / Register | Nov 22, 2017

Implications of Increasing State Minimum Wages for Restaurants

California, New York and New Jersey retail and restaurant operators will have problems dealing with the minimum wage increase approved this fall. There could be more states coming.

The Franchising Cloud of Mystery, Issues with Wage Increases

Over the last couple of weeks, several items in the news highlighted the math in the franchising space.

McDonald’s Missed Opportunity

McDonalds (NYSE:MCD) has been in the national press of late with a truck load of franchise owner problems. Many understand that McDonald's is partially a real estate story, which is one of the three primary revenue streams for McDonald's Corp.

Get off the Comp Number, Towards Better Restaurant Analysis

On July 25 2013, Starbucks (SBUX) delivered a Q3 double revenue and profit beat for the Street and stellar worldwide comparable sales (comps) of +8% (+9% in the US). Some analysts, were concerned about the SBUX Q4 forecast of the  5-7% range.

Is Noodles the New Chipotle?

In the first restaurant initial public offering of the year, Noodles (NDLS) raised almost $100M.

Limitations of EBITDA as a Meaningful Financial Metric

In the franchise finance world, the most discussed number is the EBITDA—EBBADABADOO as some call it. EBITDA is earnings before interest, taxes, depreciation and amortization.

2013 Restaurant Brand Standouts

A rising tide lifts all ships: Consumer discretionary stocks are doing well, leading the pack with the highest forward PEs in May, as FactSet reported last week. But for franchisees, the stock price is not the same as free cash flow in the pocket.

McDonald's Owner/Operators Temperature Check

Recently I gained additional perspective on the issues and discontent in the McDonald's U.S. owner/operator community.

Forty Six Million Reasons Why Restaurants Should Think Ahead

Note from John Gordon: Several 'fast casual' summits will be conducted this year, one this week before the NRA Show kicks off in Chicago. Steve Johnson, the Grocerant space expert, and I feel the future of food retail is not to look back and see what worked in the past, but to look forward, thinking carefully about the customer.

Restaurant Franchisor News from ICRX Investment Conference

Last week I attended the ICRXchange Investment Conference, where thirty restaurant chains presented. The following is some franchisor chain specific news.