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Top related persons:
Darin Harris - 5 Jack - 4 Harris - 3 — - 2 Jim Cramer - 2 Jon Tower - 1 Jonathan Knowles - 1 – - 1
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California Columbus , Ohio U.S QSRs Wendy's Glassdoor Dana Point , California Taiwan
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Microsoft - 2 Citi - 1 Bureau of Labor Statistics - 1 Service - 1 Darden - 1 Little Caesars - 1 Olive Garden - 1 LongHorn - 1

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6 mentions found


☆ California's $20 minimum wage for fast-food workers could make burgers and chicken so expensive that people just buy more groceries instead
  + stars: | 2024-02-23 | by ( Grace Dean | ) www.businessinsider.com   time to read: +4 min
Some diners could be put off eating out when fast-food prices in California go up in the spring. The state is raising the minimum wage for fast-food workers to $20 an hour, prompting restaurants to hike menu prices. California is putting up the minimum wage for fast-food workers to $20 an hour on April 1 — and it could make restaurant prices so unpalatable that people buy more groceries to cook at home instead. The state's current general minimum wage is $16 an hour, compared to the federal minimum wage of $7.25 . But the new statewide legislation, AB 1228, will only create a $20 minimum wage for fast-food workers.
Persons: Jon Tower, Jack, Darin Harris, Jonathan Knowles, –, Harris, Matt Clark, Clark Organizations: Citi, Bureau of Labor Statistics Locations: California
☆ Little Caesars knows what you're going to order before you do. With AI tools, soon more restaurants will.
  + stars: | 2023-09-28 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +5 min
AI tools are enabling some restaurants to get a jump on what customers want — and when. AdvertisementAdvertisementLittle Caesars, Darden Restaurants, and Jack in the Box are each tapping into troves of sales data. "If you forecast your traffic better, you order better, you receive better, you schedule better," Cardenas said. AdvertisementAdvertisementService is also better, Klopfenstein said, since the AI tools enable Little Caesars to hire more easily and train new employees more quickly — a big lift in a tight labor market. If tech isn't easy to use, customers won't come back, Anita Klopfenstein, Little Caesars' chief information officer, said.
Persons: —, Jack, Anita Klopfenstein, Danny Meyer, Ricardo Cardenas, Cardenas, Klopfenstein, Mike Glinski, Darin Harris, Harris, they're Organizations: Service, Darden, Little Caesars, Olive Garden, LongHorn, Caesars, Microsoft
☆ How Starbucks could boost profits by putting AI chatbots at its drive-thru windows
  + stars: | 2023-06-16 | by ( Zev Fima Paulina Likos | Zev Fima | Paulina Likos | ) www.cnbc.com   time to read: +14 min
Wendy's will pilot its new AI drive-thru tech this month at some locations in the Columbus, Ohio, area. The hesitancy to discuss any generative AI implementation is understandable. That said, we think that generative AI opportunities at Starbucks are still worth considering. This is where we think there's a clear opportunity for margin improvement as generative AI adoption goes mainstream. There are going to be a lot of opportunities to invest in to play the adoption of generative AI outside of tech.
Persons: hasn't, WEN, Jack, JACK, we've, Todd Penegor, Jim Cramer, Wendy's, Darin Harris, Jim, Harris, It's, —, China's, Jim Cramer's, Scott Mlyn Organizations: Microsoft, Nvidia, Club, Del, Starbucks, AIs, chatbots, Global, Companies, CNBC Locations: Columbus , Ohio, U.S, QSRs, Wendy's, Glassdoor, Dana Point , California
☆ Jim Cramer says Adobe stock didn't soar for no reason: Generative AI is worth the hype
  + stars: | 2023-06-08 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
CNBC's Jim Cramer told investors on Thursday that above all else, they should not underestimate the transformative power of generative artificial intelligence, as it has the potential to revolutionize most industries, from auto manufacturing to fast food. "Tonight, I want to explain why the AI bulls could actually be right," Cramer said. Cramer stressed you should not get bogged down in the ethereal, macro way in which many authorities discuss the potential of AI. Although the industry is not always in the public eye, Cramer told viewers to remember that it is a multitrillion-dollar industry and the biggest one in the world. Fast-food chain Jack In The Box is already using AI in its drive thru locations, which CEO Darin Harris said saves on the cost of employees and actually manages to up-sell more efficiently to customers.
Persons: CNBC's Jim Cramer, Cramer, market's, Adobe's, we're, Jensen Huang's, Darin Harris, it's Organizations: Adobe, BMW Locations: Taiwan
☆ Jack in the Box CEO Darin Harris: Mexico is a 'great market for us'
  + stars: | 2023-06-06 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Jack in the Box CEO Darin Harris: Mexico is a 'great market for us'Jack in the Box CEO Darin Harris joins 'Mad Money' host Jim Cramer to discuss the brands success in the fast food market and future growth for the brand.
Persons: Jack, Darin Harris, Jim Cramer Locations: Mexico
☆ Cutting Costs, Not Jobs, Is Focus for Many CFOs Facing Slowdown
  + stars: | 2022-12-12 | by ( Kristin Broughton | ) www.wsj.com   time to read: +6 min
At the same time, many employers are looking for workers, with job openings well above the number of job seekers. That leaves some finance chiefs scouting for savings that don’t involve job cuts, or that supplement layoffs, advisers and analysts said. Other ways to cut costs include exiting leases, reducing the number of suppliers, automating tasks, trimming software spending and finding less expensive components, advisers said. Many companies over the past year have raised prices to keep up with escalating input costs, in addition to trimming expenses. Still, the company’s restaurant-level profit margin during the quarter ended Oct. 2 fell to 16.2% from 20.1% a year earlier.
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