Chick-fil-A on Track to Be Third Largest Restaurant Chain

Chick-fil-A appears to be on the way to becoming the third largest U.S. restaurant chain by sales, behind only McDonald’s and Starbucks. It was in the number 7 slot in 2017

Some of the reasons The Wall Street Journal attributes to Chick-fil-A's rise include:

Applebee's Mega Franchisee Rethinking Delivery

Adding delivery service has been a recent major change in the restaurant business, but Applebee’s biggest franchisee, with over 400 locations, is reconsidering just how good it really is for business, not only now but going forward. Is it possible that it could be a major negative in the years to come,  much as the online booking services have turned out to be for hotels?

74 Percent of Economists Oppose $15 Federal Minimum Wage

In past years, lawmakers have been grappling with the viability and impact of increasing the minimum wage to $15 an hour. While some states and cities have embraced the idea and enacted the increases, others have been hesitant, not convinced that the raise will benefit workers. Recent survey results of businesses, franchises and other groups suggest that such minimum wage raises may actually harm workers, resulting in fewer jobs, greater difficulty in younger workers finding employment and adoption of automation and other changes to offset the higher cost of labor.

Trump Tariffs Influence Shift in American Meat Eating Habits

President Trump’s recently placed tariffs and an increased supply of beef and pork have made their impact through lower prices. Americans are taking advantage of the new circumstances by eating more beef and pork and less chicken.

Restaurant owners are moving to promote hamburgers instead of chicken. The more affordable beef and pork will presumably show up in lower priced sandwiches or give restaurant owners a little extra margin.

Franchisee-Franchisor Issues Strain Relations

Strained relations between franchisees and their franchisors are making the news. McDonald's, Subway, Tim Hortons, 7-Eleven and Jack in the Box are some household names that we've been reading about of late. What are the issues that push franchisees to decide that they must speak up and take action to defend their businesses?

Home Cooked Meals Up, Restaurant Meals Down

Americans are eating at home more often for a variety of reasons, including economic. While that may seem to be belied by increased restaurant sales, that increase is because of price hikes. Restaurant traffic has trended down over the years since 2000 and has most recently been down for 29 straight months.

Wendy's CEO Penegor on Customer Convenience Technology

Todd Penegor, CEO of Wendy's, says convenience is getting redefined. He explains that technology will play a big role at the company in getting more orders into the kitchen and creating a better customer ordering experience. 

Watch the interview

Photo: CNBC video screenshot


Trucker Shortage Pushing Restaurants to Buy Local

The nation’s low unemployment rate is making it harder to fill truck driver openings, especially for routes requiring several days away from home. Bonuses are being offered to lure more truckers, adding to the trend of higher food costs. Restaurants are countering by buying local ingredients, which fortunately have high appeal.