The @SBAgov said it's making it easier for the smallest Paycheck Protection Program borrowers to have their loans forgiven. About 2M busineses will soon be able to apply for forgiveness directly through the SBA instead of their banks. via @CharityLScottwsj.com/articles/sba-t…
Asked about France's vaccine mandates to enter restaurants, Mayor's response: "I'm not always the biggest Macron fan... (but) that's a direction we need to seriously consider." twitter.com/nytimes/status…
While everyone continues to talk about a labor shortage... important to remember the below. Yes, many cities, states and businesses have taken it upon themselves to hike pay for low-wage workers. Federal floor is still here: twitter.com/DanPriceSeattl…
On Carside delivery, Ritch Allison says stores are averaging under 2 min for customer fulfillment. Compares this to five min+ waits at other QSRs in drive-thrus he says he's experienced. Also says these orders tend to be higher ticket for the company.
New restaurant all-time highs today per @ChrisHayesG:
$CMG trading at all-time high levels back to its IPO in Jan, 2006
$DPZ trading at all-time highs back to its IPO in July, 2004
$SBUX trading at all-time high levels back to its IPO in June, 1992
Quick thread: I don't think most people know what antivaxx posts on Facebook really look like.
That's good. Why would you?
But I think people assume it's Suzy Turmeric plaintively yelling at you about the microchip, and it’s not.
It looks like this. Like code. Or gibberish.
More from the $CMG call: Loyalty program now has more than 23M members 🔥
Cauliflower rice and quesadillas are performing well. Smoked brisket passed the stage gate testing process.
Recovered about 70% of in-store dining and hanging onto about 80% of digital sales.twitter.com/katerogers/sta…r
$CMG strong Q2 here:
EPS beat $7.46 vs est. $6.52
Revs in line $1.89B
SSS beat +31.2%
Margins 24.5%- highest level since Q3 2015
Digital sales +10.5% making up 48.5% of overall sales
CEO says on @CNBCClosingBell customers are returning to dining rooms and saying with digital
Live music may be making a slow comeback, but for those who make your favorite shows happen, the Roadies, things are far from normal. I'll have more on @thenewsoncnbc tonight, featuring roadiecare.com tune in!
Thanks to @DennysDiner CEO John Miller for joining me today to talk about the company's hiring goal to bring on 20K workers, the labor challenges the industry is facing, inflation and more $DENN:
I ran into OPRAH after a @SquawkCNBC live shot going back to my hotel. Needless to say- I did not play it cool! She pressed the selfie button to take the pic with my phone because I was such a nerd and couldn't function properly. I got an Oprah hug, truly amazing moment 🤩twitter.com/apbenven/statu…vS
Restaurant sales and traffic data continue to improve. And casual names are doing really well.
Check out $RRGB, $CAKE, $BLMN, $DIN
Data from @BlackBox_Intel and Kalinowski Equity Research. My report from @SquawkCNBC this am below:
Labor shortage hits airports. Cooks and new TSA employees are getting $1,000 signing bonuses at some airports in scramble for workers.
Airport restaurants, TSA offer $1,000 bonuses in hiring scramble as travelers face long lines cnb.cx/2ThxNdN by @lesliejosephs
This is incredibly sad.
Britney Spears asked a court to end her conservatorship, saying her life is being exploited, she's depressed and cries every day.
And, she said she wants another baby, but is forced by the agreement to keep an IUD in place.
When Subway's co-founder/long-time CEO Fred DeLuca died in 2015, he left the company in the hands of two secretive billionaires — his widow and his co-founder.
Here's what I've been able to uncover about the owners of the sandwich empire: businessinsider.com/subway-is-owne…