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Search resuls for: "Anne's pretzels"


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Read previewDiners are cutting back on meals out during the week and saving the money for the weekends instead, a restaurant executive says. Jim Holthouser, CEO of GoTo Foods, formerly known as Focus Brands, said that some diners had been limiting their spending. GoTo Foods owns Cinnabon, Auntie Anne's, Jamba, Moe's Southwest Grill, McAlister's Deli, Schlotzsky's, and Carvel. The data only compares restaurant spending in 2019 and 2023, and doesn't show how this has changed in recent months. Estimated retail sales from GoTo Foods' licensing partners totaled about $1.5 billion in 2023, or just over a quarter of total sales across its brand portfolio.
Persons: , Jim Holthouser, Auntie Anne's, Carvel, Holthouser, Wendy's, GoTo, Anne's pretzels Organizations: Service, GoTo Foods, Focus Brands, Business, Subway
Read previewFast-food franchisees in California are desperately looking for ways to cut costs as the state's $20 minimum wage for workers at limited-service restaurants kicks in. Mendelsohn, the El Pollo Loco franchisee, told NPR that her preemptive price increases had already deterred some customers. William Blair analyst Sharon Zackfia expects some restaurants in California to turn to digital kiosks as labor costs rise. Spending less on operationsBeyond labor, restaurants are looking for other ways to save on their operating costs. Alex Johnson, the Auntie Anne's Pretzels and Cinnabon franchisee, told the AP that he wasn't looking at opening any more locations in California.
Persons: , Michaela Mendelsohn, Alexi Rosenfeld, Alex Johnson, Anne's Pretzels, he'd, Marcus Walberg, Mendelsohn, Brian Hom, Walberg, Sharon Zackfia, William Blair, Grace Dean, Kris Stuebner, Scott Rodrick Organizations: Service, Business, El, Loco, NBC Los Angeles, Associated Press, El Pollo Loco, NPR, Wall Street Journal, CNN, KFC, Management Corporation, ABC, Fox News, AP Locations: California, Los Angeles County, Los Angeles, San Jose
Fast food was her full-time job until last year. “Because I would not have been looking for so many other jobs in different places.”The law was supported by the trade association representing fast food franchise owners. For many fast food restaurants, this means the jump to $20 per hour will be smaller. At first, it appeared the bread exemption applied to Panera Bread restaurants. Also, Flynn has announced he would pay his workers at least $20 per hour.
Persons: Ingrid Vilorio, ” Vilorio, Alex Johnson, Anne's Pretzels, Johnson, , ” Johnson, , Michael Reich, ” Reich, Reich, Greg Flynn, Newsom, Flynn, ___ Organizations: San Francisco Bay Area, University of California, Bloomberg News Locations: LIVERMORE, Calif, California, United States, San Francisco Bay, Berkeley, Sacramento , California
Starting today, the six big US banks (Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley, and Wells Fargo) report their Q4 and year-end earnings. But instead of a boring preview on what to expect, I figured I'd have some fun by setting gambling lines on some of the biggest storylines heading into earnings. OK, let's get into the biggest storylines and their odds:David Solomon discusses the recent headcount reduction at Goldman Sachs. What'll be interesting is if he teases even more cuts coming down the line as the bank looks to cut costs. (-150)Background: The bank got ahead of this one by announcing its plans to step back from mortgages earlier this week.
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