Each week, NRN editor-in-chief Sarah Lockyer gives you her take on the top restaurant industry news.
Financial news ruled the roster this week, with Chipotle again posting industry-leading quarterly results, McDonald’s continuing to face sales struggles and Habit Burger laying out plans for an initial public offering — one of potentially many for the restaurant industry.
So, what a perfect time for Jonathan Maze to join Nation’s Restaurant News as senior financial editor. After eight years with Franchise Times and Restaurant Finance Monitor, Jonathan is taking his talents and deep knowledge of the finance and franchising verticals to our audience of nearly 300,000 unique visitors a month, the largest in B2B foodservice media. I’ve known Jonathan for years, and we used to cover the same beat when I first joined NRN 10 years ago. While I got kicked to a corporate office, Jonathan continued to deepen his knowledge and Rolodex — and his expertise led to four of the top 10 stories this week, his first working at NRN. I know you’ll enjoy his insights, writing style and news-breaking content, just as with NRN’s other expert editors, including Lisa Jennings, who is now covering marketing news and trends, Ron Ruggless, who will continue his operations beat, and Bret Thorn, our senior food and beverage editor.
Jonathan is a welcome addition to this leading team. Find his top stories, and the others for the week, below:
1. Here's a big reason McDonald's is losing share