California’s recent increase in minimum wage for fast-food workers to $20 per hour, effective from April 1, 2024 has prompted a significant response from both consumers and restaurant owners. Greg LaVay, a retired entrepreneur from San Diego, noticed rising menu prices at McDonald’s and other fast-food chains, leading him to opt for sit-down restaurants instead. […]
Mandated Wage Increases Impact California Restaurants Read More »
April 24, 2024 – Chipotle Mexican Grill Grill, Inc. (CMG) reported first quarter 2024 results earning $13.37 per share in the first quarter excluding one-time items, , topping analysts’ expectation of $11.68. The California based publicly traded fast food giant opened another 43 stores in line with its goal of opening 7,000 stores and $4
Chipotle: 40% of Orders Now Digital Read More »
On April 17, 2024 and only two weeks after California’s irresponsible hike in minimum wage went into effect, a Del Taco in Pasadena (California) closed its doors. The fast food restaurant that had been in business for over 55 years and served its customers 24 hours a day with its drive thru, was forced to
Minimum Wage Hike Closes Del Taco Pasadena Read More »
Domino’s Pizza CEO Russell Weiner earlier today said “Our positive U.S. transactions and same-store sales growth in both our delivery and carryout channels in the fourth quarter underscore the strength and momentum in our business.” During the company’s earning call, Weiner said “A big driver of the increase in active members, as well as the
Domino’s Pizza Online Ordering & Loyalty Growth Read More »
Chipotle Mexican Fast Food Chain (Chipotle Mexican Grill, Inc. (CMG)) announced today that it plans to open between 285 to 315 restaurants in 2024 to hit 7,000 total restaurants. The company also said it aims to generate $4 million per restaurant in 2024. Th company CEO stated that the digital experience (online ordering) is the
Chipotle to open over 285 QSRs in 2024 Read More »
Chipotle’s Chief Financial (Future) Officer (CFO) Jack Hartung discusses the importance of digital ordering and pickup time though its Chioptelane and drive thru operation. https://www.youtube.com/watch?v=OFl9nSsnbWU
Chipotle CFO on Online Ordering & Drive Thru Read More »
Earlier in May of 2023, Wendy’s (The Wendy’s Company (NasdaqGS: WEN) CEO NasdaqGS Todd Penegor announce that the fast food chain would start test piloting AI (Artificial Intelligence) drive-thru technology in June 2023 at some locations in the Columbus (Ohio) area. On CNBC’s Jim Cramer show on May 9, 2023, Penegor stated that the aim
Wendy’s Drive Thru AI Technology Read More »
Fast food restaurants like McDonald’s or Coffee shops like Starbucks dotted across the landscape are the perfect example that show the importance of drive thru options in quick serve operations. Drive thru options introduces decades ago are the first omni-channel option QSRs started offering their patrons. The introduction of other technologies like online ordering and
Drive Thru POS System – Advanced Technology Read More »
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