Yum Brands Inc. beat quarterly estimates for revenue and profit on Thursday as online demand for tacos, pizzas, and fried chicken from Americans surged, helping cushion weak sales in certain markets due to renewed pandemic-related curbs. The COVID-19 pandemic has accelerated online orders and most U.S. fast-food chains, including Yum and its rival McDonald’s which… read more
Chipotle Mexican Grill has raised menu prices for delivery an average of 13%, chain executives told analysts during a Q4 earnings call this week. The move is in response to the runaway success of the chain’s delivery channel, which has eaten into its margins in recent months. Chipotle has seen “modest resistance thus far” from… read more
The U.S. Senate overwhelmingly passed an amendment to the budget Thursday calling for direct relief to the restaurant industry in a 90-10 vote. The Restaurant Rescue Plan which was initially proposed in a bipartisan effort by Sen. Roger Wicker (R-Miss.) and Sen. Krysten Sinema (D-Ariz.), was based on the original RESTAURANTS Act that was put… read more
Olive Garden and LongHorn Steakhouse parent Darden Restaurants said Tuesday that hourly employees at company-run stores will be paid to receive the COVID-19 vaccine, according to the Orlando Sentinel. CEO Gene Lee said in a letter Tuesday that employees will receive two hours of pay for each dose, the outlet reported. The rate will be… read more
Starbucks announced Tuesday the departure of its chief operating officer, Rosalind Brewer, at the end of February. Brewer will be taking up the helm as CEO of Walgreens, a role that will make her the only Black female chief executive of a Fortune 500 company. “Starbucks chief operating role responsibilities are being distributed to other members… read more
By Taylor Locke – CNBC MakeIt Daymond John, entrepreneur and investor on ABC’s “Shark Tank,” says the key to owning any room is being confident. That might seem easier said than done for many, but John says even he lacked confidence when first starting out, and he overcame it. “I realized one thing: Every single… read more
By Dave Clark – TTI Success Insights Are you someone who requires creativity to do your daily job? Do you sometimes wake up and feel like today is not going to be a very creative day, no matter how hard you try? Do you fear that you might actually run out of great ideas? Fear,… read more
By Kendra Cherry – Verywell Mind Sometimes it seems that certain people are simply gifted with the knack for creativity. If you feel like you were not one of those lucky few who draws from a seemingly endless creative wellspring, this does not mean that you are doomed to a life of the mundane and expected…. read more
By Steve Kotler – ideas.ted.com How can you hack your creativity? The term “hacking” has a bad name. It comes out of coding and refers to someone trying to gain control over a computer system, typically for nefarious purposes. The word then morphed a bit, becoming pop-culture shorthand for a “quick fix” or a “shortcut.”… read more
By Kristiina Hiukka – Real Leaders Innovation is not only interesting, but it’s also crucial for business growth. Peter Drucker said that “Business has only two functions: marketing and innovating.” Teams in companies all around the world are required to be “innovative.” However, this is easier said than done. While the human element of the innovation… read more