Businesses with less than 20 employees can apply for coronavirus relief for 14 days starting Wednesday, according to a report in The Wall Street Journal. The exclusive application window is one of several steps federal agencies are taking to improve…
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Feb. 22, 2021
With mass quantities of snow in places as far south as Texas, last week left a lot to be desired for many Americans, including pizza restaurateurs. Pizza commodity prices and restaurant company trading held little in the way of pleasantries as prices for fuel and wheat trended higher and stock prices dipped.
At Ann Arbor, Michigan-based Domino s, the share value fell $14.16 over the course of the trading week to land Friday at $371.46. Stock for Louisville-based Papa John s International Inc. fell from $108.97 to $103.68 over the week s trading activity a loss of $5.29 over the five trading days.
Fellow Louisville-based restaurant company, Yum Brands parent of Pizza Hut dipped 39 cents to close at $105.13, and the news wasn t much better for Pizza Inn and Pie Five parent, Rave Restaurant Group. Its stock, which was up to $1.70 the previous week, finished Friday at $1.40.
Plant Power Fast Food names sustainability expert as CFO
Plant Power Fast Food named a veteran restaurant financial and sustainability expert as its CFO. (Photo: Plant Power Fast Food)
Jan. 19, 2021
Plant Power Restaurant Group has named Edmund Har, an expert in sustainability, as its top financial executive, according to a news release.
Har was formerly senior finance director for one of the largest Hardees franchisees, Paradigm Investment Group, as well as director of Finance for the W Hotel in San Diego. He s also served on the U.S. Department of Energy s restaurant subcommittee to provide data for energy usage demands of retail QSR boxes, which subsequently led to the development of sustainable best practices.
Rave rockets forward, but so do gas prices
Pizza Inn and Pie Five parent, Rave Restaurant Group, pulled out a substantial stock value gain over the course of last week s trading.
Photo: iStock
In the realm of publicly traded pizza stocks last week, chalk one up for the little guy. The smallest publicly traded pizza brand monitored by this site weekly, Rave Restaurant Group, managed to make a substantial percentage increase in its value over the trading week. The parent company of Pizza Inn and Pie Five gained 17 cents to close Friday at $1.06, marking one of the largest single-week gains the Dallas-based company has experienced in a long time.
The 10-year prototype is dead, plus other 2021 QSR predictions
Restaurant vendors give their takes on how quick-service operation is changing and what that means for restaurant leaders.
Time has been redefined in the new restaurant reality. (iStock)
If we were able to take the basket filled with New Year predictions and shake out some of the top observations for restaurateurs going forward, some things would be givens. For instance, it s a given that quick-service brands are increasingly embracing contactless service, drive-thrus, ghost kitchens and automation.
But QSRweb wanted to reveal more nuanced observations about what s next for quick-service brands, so we checked in with companies that provide restaurants with everything from operational and compliance software to food products and restaurant design materials.One of those experts was James Gunn-Wilkerson, the COO and CTO of CMX, a La Jolla, California-based restaurant supply chain management and operational execution