Key to a restaurant's profits is its revenue per square foot, with the goal being to increase revenue while keeping square footage at an efficient, rather than unnecessarily bloated — and expensive — level.
"Open 24 hours," shines a KFC sign in Shenzhen, Guangdong province, China. Photo/Steigerwald28
LOUISVILLE, Ky.— Yum Brands, Inc. (NYSE:YUM) announced that Taco Bell's CEO Greg Creed will become its chief executive officer on the first day of 2015. Yum's sitting chairman and chief executive officer David C. Novak will then become executive chairman.
Mad Money's investment guru and founder of The Street, Jim Cramer, says: "Generally, we pay less for companies that rely on franchises to drive growth because franchising can really limit your upside."
After just one month in business Jamawn Woods, the "winner" of the NBC TV reality series America's Next Great Restaurant, which launched in March, closed down two of his three brand-new Soul Daddy locations.
Chipotle, which has around 1,100 locations in the U.S., all company-owned, is the focus of U.S. Immigration and Customs Enforcement (ICE) investigations into the immigration status of the chain's workers.